Pending
563 Chalmers Street, Detroit, MI 48215
$150,000
MLS # 20261024485 (Realcomp)
4 beds2 baths2,658 sqftBuilt 19170.13 acres
1 / 21
Listing Description
Investor opportunity in the highly sought-after Jefferson Chalmers neighborhood! This 4-bedroom, 1.5-bath Craftsman-style bungalow offers an exceptional value-add opportunity with a strong existing footprint, solid foundation, and timeless architectural character ready to be brought back to life. Featuring a spacious layout and classic design elements, this property is a prime candidate for a full renovation, allowing investors or end users to unlock significant upside potential.Located in one of Detroit’s most vibrant and revitalizing waterfront communities, the home is surrounded by ongoing development, increasing property values, and strong buyer demand. With the right vision and execution, this property can be transformed into a standout residence or high-performing resale. This home is next to two vacant lots that may be able to be purchased from Detroit Land Bank.
Source: SparkMLS
About this home
Located in East Riverside in Detroit, this property offers 4-bedroom, 2-bath, 2,658 sq ft, with original construction dating to 1917.
Listed at $150,000 (about $56/sq ft).
Estimated annual property tax: $3,293, or about $274 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
Bedrooms4
Bathrooms2
Living Area2,658 sqft
Lot Size0.13 acres
Year Built1917
Stories2
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/15/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$1,554
Tax Year2025
State Equalized Value$51,300
Assessed Value$51,300
Homestead (PRE)100%
Parcel #21056240.
Source: Public Records
Legal Description
W CHALMERS 101 MARSHLAND BOULEVARD L26 P92 PLATS, W C R 21/293 40 X 140.02
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 Evan DeCiantis
REALTEAM Real Estate
Frequently Asked Questions about 563 Chalmers Street, Detroit, MI 48215
What school district is 563 Chalmers Street, Detroit, MI 48215 in?
Per MLS# 20261024485, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 563 Chalmers Street, Detroit, MI 48215?
Per MLS# 20261024485, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261024485, the most recent reported annual property tax for 563 Chalmers Street, Detroit, MI 48215 is $1,019. 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 563 Chalmers Street, Detroit, MI 48215 eligible for USDA financing?
Per USDA Rural Development boundary data, 563 Chalmers 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 563 Chalmers Street, Detroit, MI 48215 is in flood zone AE (high risk). 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.
Who are the utility providers for this property?
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.
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$3,293
Monthly$274
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$1,247
Principal & interest$973
Property taxes$274
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
563 Chalmers 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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