For Sale
14440 Frankfort Street, Detroit, MI 48224
$800,000
MLS # 20261040948 (Realcomp)
Built 19580.75 acres
1 / 16
Listing Description
32-unit apartment building with strong value-add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Source: SparkMLS
About this home
Located in Chandler Park in Detroit, this property offers 32-bath, with original construction dating to 1958.
Currently offered at $800,000.
Property tax estimate: $19,955 per year ($1,663/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms32
Lot Size0.75 acres
Year Built1958
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingHot Water
WaterPublic
Sale & Financing
Listed6/14/2026
Terms AcceptedCash, FHA, Land Contract, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$24,674
Tax Year2025
State Equalized Value$310,900
Assessed Value$310,900
Parcel #21003112.
Source: Public Records
Legal Description
S FRANKFORT DR 1000 THRU 1004 JEFFERSON PARK LAND COMPANY LIMITED SUB NO 1 L50 P78 PLATS, W C R 21/755 229.61 X 143
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jiryes Jarrous
Match Realty
Frequently Asked Questions about 14440 Frankfort Street, Detroit, MI 48224
Which school district serves 14440 Frankfort Street, Detroit, MI 48224?
Per MLS# 20261040948, 14440 Frankfort Street, Detroit, MI 48224 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261040948, this listing accepts Cash, FHA, Land Contract, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 14440 Frankfort Street, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $58,087. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 14440 Frankfort Street, Detroit, MI 48224 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 14440 Frankfort Street, Detroit, MI 48224 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 14440 Frankfort Street, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$19,955
Monthly$1,663
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$6,852
Principal & interest$5,189
Property taxes$1,663
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
14440 Frankfort Street, Detroit, MI 48224
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Neighborhood
Chandler Park
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Community
Detroit
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County
Wayne County
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