Last Sold Price
4 beds1,944 sqft$42/sqft
5541-5543 Balfour Road, Detroit, MI 48224

Description

Charming 2-Unit Multi-Family Property in Detroit "“ Great Investment or Conversion Opportunity. This well-maintained 2-unit multi-family home is an ideal investment opportunity or can easily be converted into a spacious single-family residence. Located in an up-and-coming area of Detroit, this property offers convenience and potential for growth. Both units have 2 bedrooms, full bathroom, kitchen and living room. Entry level's inviting living room offers a beautiful fireplace, perfect for cozy evenings....Charming 2-Unit Multi-Family Property in Detroit "“ Great Investment or Conversion Opportunity. This well-maintained 2-unit multi-family home is an ideal investment opportunity or can easily be converted into a spacious single-family residence. Located in an up-and-coming area of Detroit, this property offers convenience and potential for growth. Both units have 2 bedrooms, full bathroom, kitchen and living room. Entry level's inviting living room offers a beautiful fireplace, perfect for cozy evenings. Functional layout offering ample living space in both units. 2 Car detached garage. Shared basement with laundry facility. The home is in a prime location with easy access to major expressways, making commuting to Downtown Detroit, The Points, or St. Clair Shores a breeze. Whether you're looking to capitalize on the rental market or transform it into your dream home, this property offers flexibility and fantastic value in a rapidly growing neighborhood. Don't miss out on this fantastic opportunity to own a property in a high-demand area with so much potential!
LISTING CLOSED: 03/20/2025 12:00 AM

  1. Listed by Melanie Lovati • Brokerage DRE #6505370129 • Innovation Real Estate Specialists Inc.
    P: (810)-650-4349 melanie@melanielovati.com

Property Details for 5541-5543 Balfour Road

Status
MLS #
58050161997
Days on Market
69
Taxes
$3,631 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1941
Lot Size
0.13 AC / 5,662 SF
Architectural Style
Colonial
Waterfront
No
Zoning Description
Residential

Location

Listing Courtesy of Innovation Real Estate Specialists Inc.

Sold By Innovation Real Estate Specialists Inc.

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Building Information for 5541-5543 Balfour Road

Stories-Residences2Year Built1941Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$714 per month

30 year fixed, 6.55% Interest

Principal and Interest

$412

Property Taxes

$303

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5541-5543 Balfour Road

Summary
Location and General Information
  • Latitude: 42.403666
  • Longitude: -82.949565
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: 21068743
  • Tax Amount Summer: $3,271.54
  • Tax Amount Winter: $359.83
  • Tax Annual Amount: $3,631.37
  • Tax Legal Description: W BALFOUR 1603 E DETROIT DEVELOPMENT COS SUB NO 3 L38 P32 PLATS, WCR 21/468 40 X 145.5A, NEZH CERT.#NH2007-0527, RELATED PARCEL#27070527.
  • Tax Year: 2024
School Information
  • High School District: Detroit
Parking
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Two Car Garage, Assigned2Spaces, Detached, Garage
Property
Lot Information
  • Frontage Length: 40.0
  • Lot Size Acres: 0.13
  • Lot Size Dimensions: 40 x 146
  • Encroachment: No
  • Road Responsibility: Public Maintained Road
Property and Assessments
  • Living Area: 1944.0
  • Building Area Total: 1944.0
  • Building Area Source: Estimated
  • Above Grade Finished Area: 1944.0
  • Above Grade Finished Area Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Class Name: Residential Income
  • Year Built: 1941
Building Features
  • Building Features: Sidewalks
  • Construction Materials: Brick
  • Foundation Details: Basement, Block, Brick Mortar
  • Levels: Two
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 2.0
  • Appliances: Oven, Refrigerator, Range
  • Basement: Block
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Cooling: Ceiling Fans
  • Has Cooling: Yes
  • Fireplace Features: Living Room
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Heating: Forced Air, Natural Gas, Separate Meters
  • Has Heating: Yes
Exterior Features
  • Community Features: Sidewalks
  • Patio And Porch Features: Porch
Multi Family
Multi Family Information
  • Number of Units Total: 2
  • Unit Records: 2
Unit Information
Unit 1
  • Type: Unknown Data Share
Unit 2
  • Type: Unknown Data Share
Agent
Sale and Listings
  • Public GLR Website: Yes

Property History for 5541-5543 Balfour Road

DateEvent & SourcePriceAppreciation
Mar 20, 2025

Sold

MiRealSource #50161997

$81,000
Mar 20, 2025

Sold

Realcomp #58050161997

$81,000
Feb 28, 2025

Contract Signed

MiRealSource #50161997

DateEvent & SourcePrice
03/20/2025

Sold

MiRealSource #50161997

$81,000
03/20/2025

Sold

Realcomp #58050161997

$81,000
02/28/2025

Contract Signed

MiRealSource #50161997

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 5541-5543 Balfour Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Brown Ronald Academy
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Innovation Real Estate Specialists Inc.

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