Pending
483 Philip Street, Detroit, MI 48215
$175,000
MLS # 20261039399 (Realcomp)
Built 19240.12 acres
1 / 28
Listing Description
Investor special in Detroit's thriving Jefferson Chalmers neighborhood! This fully updated brick duplex features two spacious units, each with 2 bedrooms, 1 bath, living room, formal dining room, and a refreshed kitchen with white shaker cabinets. Both units offer new carpet, good natural light, and a clean, move-in ready condition that tenants love. Situated on a solid lot with great curb appeal, just minutes from the Detroit riverfront, Jefferson East dining and retail corridor, and easy freeway access. Whether you're building your portfolio or looking to house-hack, this is the turnkey opportunity you've been waiting for. Schedule your showing today!
Source: SparkMLS
About this home
2-bath home in East Riverside in Detroit built in 1924.
Currently offered at $175,000.
Property tax estimate: $3,787 per year ($316/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
Bathrooms2
Lot Size0.12 acres
Year Built1924
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed5/28/2026
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Tax Information
Annual Tax$871
Tax Year2025
State Equalized Value$59,000
Assessed Value$59,000
Parcel #21060811.
Source: Public Records
Legal Description
W PHILIP 115 LAKEWOOD PARK SUB L27 P55 PLATS, W C R 21/382 35 X 146.23A
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Darryl Mack
Century 21 Curran & Oberski
Frequently Asked Questions about 483 Philip Street, Detroit, MI 48215
Which school district serves 483 Philip Street, Detroit, MI 48215?
Per MLS# 20261039399, 483 Philip 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.
What financing options are available for 483 Philip Street, Detroit, MI 48215?
Per MLS# 20261039399, this listing accepts Cash, Conventional, FHA 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 483 Philip Street, Detroit, MI 48215?
Per public tax records, annual property taxes for this property are $1,940. 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, 483 Philip 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 483 Philip Street, Detroit, MI 48215 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 483 Philip Street, Detroit, MI 48215?
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$3,787
Monthly$316
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
$
%
$
$
$
Monthly payment$1,451
Principal & interest$1,135
Property taxes$316
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
483 Philip Street, Detroit, MI 48215
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Neighborhood
East Riverside
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Community
Detroit
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County
Wayne County
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