Sold
5232 CHALMERS Street, Detroit, MI 48213
Sold on 02/03/2025 for$125,000
MLS # 20240091218 (Realcomp)
Built 19410.14 acres
1 / 23
Listing Description
Excellent investment opportunity! This well-maintained property features 2 spacious units and strong rental income potential. Located in a prime area near schools, shopping, and transit, it’s perfect for seasoned or first-time investors. Low maintenance and tenant ready Lower unit occupied, tenant paying $900Potential gross rental income of $1,800 per month. A 17.29% yield!Freshly painted, new carpet and new vinyl flooring.
Source: SparkMLS
About this home
2-bath home in Chandler Park in Detroit built in 1941.
This home sold for $125,000.
Property tax estimate: $1,682 per year ($140/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. Broadband is available with download speeds up to 1,200 Mbps from 8 providers.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.14 acres
Year Built1941
Location
CityDetroit
Zip Code48213
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air, Hot Water
Sale & Financing
Listed12/8/2024
Sold Date2/2/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,253
Tax Year2025
State Equalized Value$26,200
Assessed Value$26,200
Parcel #21055422.
Source: Public Records
Legal Description
E CHALMERS 98 SEFTON PARK SUB L38 P86 PLATS, W C R 21/478 40 X 150
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Raphael D Fazzolari
Rondo Investment LLC
Frequently Asked Questions about 5232 CHALMERS Street, Detroit, MI 48213
Which school district serves 5232 CHALMERS Street, Detroit, MI 48213?
Per MLS# 20240091218, 5232 CHALMERS Street, Detroit, MI 48213 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# 20240091218, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5232 CHALMERS Street, Detroit, MI 48213?
Per public tax records, annual property taxes for this property are $1,406. 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, 5232 CHALMERS Street, Detroit, MI 48213 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 5232 CHALMERS Street, Detroit, MI 48213 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 5232 CHALMERS Street, Detroit, MI 48213. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5232 CHALMERS Street, Detroit, MI 48213?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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$1,682
Monthly$140
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$950
Principal & interest$810
Property taxes$140
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5232 CHALMERS Street, Detroit, MI 48213
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Neighborhood
Chandler Park
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Community
Detroit
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County
Wayne County
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