For Sale
7507 Hanover Street 1-2, Detroit, MI 48206
$280,000
MLS # 26016428 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19180.06 acres
1 / 17
Listing Description
Come see this beautiful Multi-family Investment Property located in the historic Lasalle Gardens neighborhood. Each unit has 3bedrooms and has been freshly painted in nice neutral colors, laminate and hardwood flooring, nice modern kitchen with wooden cabinetry and stainless steel appliances. Each unit has a stackable washer and dryer in unit for convience. Property also has a basement for storage. Property was completely rehabbed in 2019 with new heating,plumbing and electrical. Roof and gutters replaced in 2024, sump pump and french drain installed in 2021, Sewer line was replaced to the main in 2025. Few minor repairs will make this multi -family property good as new. Property is located near expressways, Q-line, Henry Ford Hospital,Midtown and Downtown Detroit. This is a great Investment in a prime area!
Source: SparkMLS
About this home
Listed at $280,000.
Estimated annual property tax: $334, or about $28 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
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.06 acres
Year Built1918
Location
CityDetroit
MunicipalityDetroit City
Zip Code48206
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementFull
HeatingForced Air, Wall Furnace
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed4/17/2026
Original Price$300,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$196
Tax Year2025
State Equalized Value$5,200
Assessed Value$5,200
Parcel #08009187.
Source: Public Records
Legal Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2022. W HANOVER E 82.91 FT 33 OSBORN & MCCALLUMS SUB L10 P51 PLATS, W C R 8/80 30 X 82.91
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Lakeisha Akogoh
eXp Realty, LLC
Frequently Asked Questions about 7507 Hanover Street 1-2, Detroit, MI 48206
What school district is 7507 Hanover Street 1-2, Detroit, MI 48206 in?
Per MLS# 26016428, 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# 26016428, 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# 26016428, the most recent reported annual property tax for 7507 Hanover Street 1-2, Detroit, MI 48206 is $780 (2025). 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 7507 Hanover Street 1-2, Detroit, MI 48206 eligible for USDA financing?
Per USDA Rural Development boundary data, 7507 Hanover Street 1-2, Detroit, MI 48206 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, 7507 Hanover Street 1-2, Detroit, MI 48206 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. Sewer: Public Sewer. 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.
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Tax Estimate
$
Annual tax$334
Monthly$28
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$1,844
Principal & interest$1,816
Property taxes$28
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
7507 Hanover Street 1-2, Detroit, MI 48206
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Neighborhood
Rosa Parks
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Community
Detroit
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County
Wayne County
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