For Sale
250 Eliot Street, Detroit, MI 48201
$650,000
MLS # 20261050291 (Realcomp)
1 bed1 bath7,823 sqftBuilt 19050.16 acres
1 / 4
Listing Description
*Redevelopment Opportunity* This exceptional property presents an incredible opportunity for investors seeking to capitalize on the ongoing resurgence of Detroit's vibrant neighborhood. Currently zoned as a multi-unit and previously held 12 one bedroom apartments, this property is for anyone with a vision. Situated in one of the city's most historic and highly sought-after areas, this prime piece of real estate offers unlimited potential for redevelopment. The area is a dynamic hub of growth and cultural significance, offering a unique blend of historic charm and modern innovation. Don't miss this rare chance to be part of Detroit's ongoing revitalization. Contact us today to explore the exciting possibilities and make your mark in one of the city's most desirable locations. *Conventional renovation loan approved for anyone interested but not sure where to start. Land contract options offered as well.
Source: SparkMLS
About this home
Located in Lower Woodward in Detroit, this property offers 1-bedroom, 1-bath, 7,823 sq ft, with original construction dating to 1905.
Listed at $650,000 (about $83/sq ft).
Property tax estimate: $31,373 per year ($2,614/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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms1
Bathrooms1
Living Area7,823 sqft
Lot Size0.16 acres
Year Built1905
Stories3
Location
CityDetroit
Zip Code48201
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/30/2026
Terms AcceptedCash, Land Contract
Source: SparkMLS
Tax Information
Annual Tax$7,335
Tax Year2025
State Equalized Value$488,800
Assessed Value$488,800
Parcel #01000836.
Source: Public Records
Legal Description
S ELIOT 17 BLK 11 BRUSH SUB L8 P12 PLATS, W C R 1/49 50 X 139.71
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Brush Park 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 Kyrah Willis
Match Realty
Frequently Asked Questions about 250 Eliot Street, Detroit, MI 48201
What school district is 250 Eliot Street, Detroit, MI 48201 in?
Per MLS# 20261050291, 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# 20261050291, the seller has indicated this property accepts the following financing types: Cash, Land Contract. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261050291, the most recent reported annual property tax for 250 Eliot Street, Detroit, MI 48201 is $13,290. 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.
Is 250 Eliot Street, Detroit, MI 48201 eligible for USDA financing?
Per USDA Rural Development boundary data, 250 Eliot Street, Detroit, MI 48201 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, 250 Eliot Street, Detroit, MI 48201 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, 250 Eliot Street, Detroit, MI 48201 is located within the Brush Park 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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Tax Estimate
$
Annual tax$31,373
Monthly$2,614
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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Monthly payment$6,830
Principal & interest$4,216
Property taxes$2,614
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
250 Eliot Street, Detroit, MI 48201
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Neighborhood
Lower Woodward
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Community
Detroit
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County
Wayne County
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