Sold
5577 Chalmers Street, Detroit, MI 48213
Sold on 03/20/2026 for$200,000
MLS # 20261004690 (Realcomp)
Built 19260.14 acres
1 / 15
Listing Description
Fully remodeled two-family home offering an exceptional opportunity for investors or owner-occupants. Rent both units or live in one and rent the other for immediate income. This turnkey property has brand-new kitchens and bathrooms, plus new flooring, fresh paint, updated windows, a new roof, and upgraded electrical, making it a maintenance-free investment. In-market rents for similar units typically range from $1,000 to $1,150 per month, signaling strong earning potential. Perfect for someone seeking a solid return on investment with minimal upfront work. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information.
Source: SparkMLS
About this home
2-bath home in Chandler Park in Detroit built in 1926.
Final sale price: $200,000.
Annual property taxes run approximately $1,136 ($95/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 Built1926
Location
CityDetroit
Zip Code48213
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Wood Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed1/22/2026
Sold Date3/19/2026
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Tax Information
Annual Tax$1,523
Tax Year2025
State Equalized Value$17,700
Assessed Value$17,700
Parcel #21055948.
Source: Public Records
Legal Description
W CHALMERS 199 & 1/2 OF VAC ALLEY ADJ SEFTON PARK SUB L38 P86 PLATS, W C R 21/478 40 X 160
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James A Haidar
RE/MAX First
Frequently Asked Questions about 5577 Chalmers Street, Detroit, MI 48213
Which school district serves 5577 Chalmers Street, Detroit, MI 48213?
Per MLS# 20261004690, 5577 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.
What type of financing is accepted for this listing?
Per MLS# 20261004690, 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 5577 Chalmers Street, Detroit, MI 48213?
Per public tax records, annual property taxes for this property are $1,829. 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, 5577 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 5577 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 5577 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 5577 Chalmers Street, Detroit, MI 48213?
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$1,136
Monthly$95
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$1,456
Principal & interest$1,361
Property taxes$95
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
5577 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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