For Sale
1550 Cherboneau, 218, Detroit, MI 48207
$79,900
MLS # 20261024282 (Realcomp)
2 beds1 bath900 sqftBuilt 1963
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Listing Description
Downtown 2 bedroom sitting on Historic Lafayette Park features central AC, hardwood floors, Kitchen with vintage steel cabinets and Quartz countertops. Co-op features include, gated parking, exercise rm, workshop, library, laundry rm, community room (also available to rent), and private storage. Financially strong, well maintained co-op is 100% owner occupied and does not allow financing, investors or pets. Co-op approval required to purchase. HOA is $743/mo and includes REAL ESTATE TAXES, HEAT, WATER, trash, AC maintenance/replacement & building maintenance/Insurance. ****** In 2015 Lafayette Park was designated a National Historic Landmark District and includes the largest collection of residential buildings designed by Ludwig Mies van der Rohe. You are in walking distance to Eastern Market, The Dequindre Cut Greenway, Greektown, and all Downtown sporting venues!
Source: SparkMLS
About this home
Located in Lower East Central in Detroit, this property offers 2-bedroom, 1-bath, 900 sq ft, with original construction dating to 1963.
Currently offered at $79,900 (about $89/sq ft).
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms1
Living Area900 sqft
Year Built1963
Stories1
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementSlab
HeatingBaseboard
WaterPublic
SewerPublic
Sale & Financing
Listed4/11/2026
Original Price$80,000
Terms AcceptedCash
HOA
HOA Fee$743 / Monthly
IncludesLawn/Yard Care, Sewer, Snow Removal, Trash, Water
Source: SparkMLS
Tax Information
Annual Tax$0
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Lafayette Park/Mies van der Rohe Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Isaac Oserin
O'Connor Realty Detroit, LLC
Frequently Asked Questions about 1550 Cherboneau, 218, Detroit, MI 48207
What school district is 1550 Cherboneau, 218, Detroit, MI 48207 in?
Per MLS# 20261024282, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261024282, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
Is 1550 Cherboneau, 218, Detroit, MI 48207 eligible for USDA financing?
Per USDA Rural Development boundary data, 1550 Cherboneau, 218, Detroit, MI 48207 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1550 Cherboneau, 218, Detroit, MI 48207 is in flood zone X (minimal risk). 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.
Is this property in a historic district?
Per local historic district records, 1550 Cherboneau, 218, Detroit, MI 48207 is located within the Lafayette Park/Mies van der Rohe Historic District. Properties in locally-designated historic districts may require Historic District Commission (HDC) approval for exterior modifications. Contact the local HDC for current guidelines.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$1,261
Principal & interest$518
HOA$743
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
1550 Cherboneau, 218, Detroit, MI 48207
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Neighborhood
Lower East Central
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Community
Detroit
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County
Wayne County
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