For Sale
862 Chicago blvd, E, Detroit, MI 48202
$298,999
MLS # 20261052856 (Realcomp)
4 beds3 baths2,545 sqftBuilt 19150.23 acres
1 / 16
Listing Description
Unlock the potential of this spacious 4-bedroom, 2.5-bathroom home located on historic Chicago Boulevard in Detroit. This property is a great opportunity for investors, contractors, or buyers looking to renovate and create their dream home.Featuring a generous floor a fireplace, and a detached , this home offers solid bones and endless possibilities. The property needs repairs and updating and is being sold as-is, making it an ideal fix-and-flip or long-term investment.
Source: SparkMLS
About this home
Located in Middle Woodward in Detroit, this property offers 4-bedroom, 3-bath, 2,545 sq ft, with original construction dating to 1915.
Asking $298,999 (about $117/sq ft).
Property tax estimate: $385 per year ($32/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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms3
Living Area2,545 sqft
Lot Size0.23 acres
Year Built1915
Stories2
Location
CityDetroit
Zip Code48202
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingBaseboard, Other
WaterPublic
SewerPublic
InteriorOther
Sale & Financing
Listed7/8/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$223
Tax Year2025
State Equalized Value$6,000
Assessed Value$6,000
Homestead (PRE)100%
Parcel #04002719.
Source: Public Records
Legal Description
N CHICAGO BLVD E 20 FT 297 W 40 FT 296 VOIGT PARK SUB L22 P94 PLATS, W C R 4/90 60 X 167.50. NEZ HOMESTEAD CERT #NH2011-0008 RELATED PARCEL #27110008.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Boston-Edison Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Detroit Historic District CommissionUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Polash Sanur
IKONIK REALTY
Frequently Asked Questions about 862 Chicago blvd, E, Detroit, MI 48202
Which school district serves 862 Chicago blvd, E, Detroit, MI 48202?
Per MLS# 20261052856, 862 Chicago blvd, E, Detroit, MI 48202 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# 20261052856, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 862 Chicago blvd, E, Detroit, MI 48202?
Per public tax records, annual property taxes for this property are $288. 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, 862 Chicago blvd, E, Detroit, MI 48202 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 862 Chicago blvd, E, Detroit, MI 48202 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.
Is 862 Chicago blvd, E, Detroit, MI 48202 in a historic district?
Per municipal ordinance records, this property is within the Boston-Edison Historic District. Exterior changes to properties in locally-designated historic districts typically require approval from the Historic District Commission. Verify current requirements with the local HDC.
What utilities serve 862 Chicago blvd, E, Detroit, MI 48202?
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.
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$385
Monthly$32
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
$
%
$
$
$
Monthly payment$1,971
Principal & interest$1,939
Property taxes$32
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
862 Chicago blvd, E, Detroit, MI 48202
View full property history →
Neighborhood
Middle Woodward
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 862 Chicago blvd
We'll notify you when something hits the market in Middle Woodward or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.