For Sale
485 E GRAND Boulevard, Detroit, MI 48207
$365,000
MLS # 20261052633 (Realcomp)
Built 19120.27 acres
1 / 31
Listing Description
Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with ten long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.
Source: SparkMLS
About this home
6-bath home in Butzel in Detroit built in 1912.
Currently offered at $365,000.
Estimated annual property tax: $6,162, or about $514 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 TypeMulti Family
Bathrooms6
Lot Size0.27 acres
Year Built1912
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingHot Water
WaterPublic
Sale & Financing
Listed7/8/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,853
Tax Year2025
State Equalized Value$96,000
Assessed Value$96,000
Parcel #15008064.
Source: Public Records
Legal Description
W E GRAND BLVD 6 F F PALMS SUB L25 P13 PLATS, W C R 15/107 E 146.30 FT OF N 25.06 FT 25 J B MC KAYS SUB L333 P304 DEEDS, W C R 15/152 80.06 X 146.30
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Charles A Siciliano
@properties Christie's Int'l R.E. Birmingham
Frequently Asked Questions about 485 E GRAND Boulevard, Detroit, MI 48207
What school district is 485 E GRAND Boulevard, Detroit, MI 48207 in?
Per MLS# 20261052633, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261052633, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261052633, the most recent reported annual property tax for 485 E GRAND Boulevard, Detroit, MI 48207 is $4,191. 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 485 E GRAND Boulevard, Detroit, MI 48207 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 485 E GRAND Boulevard, 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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.
Map
Tax Estimate
$
Annual tax$6,162
Monthly$514
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$2,881
Principal & interest$2,367
Property taxes$514
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
485 E GRAND Boulevard, Detroit, MI 48207
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Neighborhood
Butzel
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Community
Detroit
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County
Wayne County
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