For Sale
4827 GRAY Street, Detroit, MI 48215
$102,000
MLS # 20261037620 (Realcomp)
3 beds1 bath1,824 sqftBuilt 19260.11 acres
1 / 19
Listing Description
Great investment opportunity in Fox Creek?Located a few blocks off Mack Avenue, minutes away from Gross Pointe. This HUGE 3 bed, 1 bath home is ready for it’s next owner with construction experience. This property would be for an investor looking for a value-add opportunity to flip or rent out, or for an owner-occupant looking to make it their own. On the back yard is an additional house with 2beds, 1bath which could be great for Airbnb, owner’s private retreat, or for you to host family gatherings. Two-car detached garage.For investors interested in flipping: after repair value (ARV) of $200K+! Great location near Grosse Pointe, Belle Isle, I-94, hospital, restaurants, & shopping. So much potential for a visionary to turn this diamond in the rough into a cash cow or your new primary residence.This property is being sold AS-IS. Schedule your private showing today!
Source: SparkMLS
About this home
3-bedroom, 1-bath, 1,824 sq ft home in Chandler Park in Detroit built in 1926.
Listed at $102,000 (about $56/sq ft).
Estimated annual property tax: $1,053, or about $88 monthly. 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
Bedrooms3
Bathrooms1
Living Area1,824 sqft
Lot Size0.11 acres
Year Built1926
Stories2
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/22/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$682
Tax Year2025
State Equalized Value$16,400
Assessed Value$16,400
Parcel #21048639.
Source: Public Records
Legal Description
W GRAY 140 N 1 FT OF 141 JEFFERSON PARK LAND CO LTD SUB L47 P6 PLATS, W C R 21/691 41 X 122
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Nazareth Sanchez
RE/MAX Leading Edge
Frequently Asked Questions about 4827 GRAY Street, Detroit, MI 48215
Which school district serves 4827 GRAY Street, Detroit, MI 48215?
Per MLS# 20261037620, 4827 GRAY Street, Detroit, MI 48215 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.
Can I use FHA or VA financing for this property?
Per MLS# 20261037620, this listing accepts Cash, Conventional, FHA, 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 4827 GRAY Street, Detroit, MI 48215?
Per public tax records, annual property taxes for this property are $801. 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, 4827 GRAY Street, Detroit, MI 48215 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 4827 GRAY Street, Detroit, MI 48215 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 4827 GRAY Street, Detroit, MI 48215?
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.
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$1,053
Monthly$88
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$749
Principal & interest$662
Property taxes$88
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
4827 GRAY Street, Detroit, MI 48215
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Neighborhood
Chandler Park
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Community
Detroit
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County
Wayne County
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