15523 Mack AVE Detroit, MI 48224
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 9,866 sqft
Price per Sqft $101
Subdivision More Than One Sub Involved
MLS Listing ID 20261022598
Style UpperLowerApartment
Full Baths 20
Year Built 1929
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type MultiFamily
Property Description
Prime mixed-use investment opportunity featuring 20 total units, including 18 residential units (4 studios, 12 one-bedrooms, 2 two-bedrooms) and 2 commercial spaces. All residential units include 1 bathroom, offering a strong and versatile rental mix.
Positioned directly across from Grosse Pointe, this property offers the advantage of Grosse Pointe proximity with Detroit pricing, making it highly attractive for both residential tenants and commercial users seeking strong surrounding demographics and foot traffic.
The building is thoughtfully configured:
Garden/Basement Level: 2 one-bedroom units, 2 commercial units.
First & Second Floors: Each floor features a mix of studios, one-bedroom, and two-bedroom units with efficient layouts ranging approximately 435–599 sq ft, plus shared common areas. Second floor mirrors the first.
Walkable to everyday conveniences including Aldi, Dollar Tree, Huntington Bank, public transportation, and nearby restaurants and retail.
Just a 5-minute drive to Beaumont Hospital, Trader Joe's, and Starbucks.
Quick access to Chick-fil-A and Chipotle Mexican Grill along Mack Ave, and approximately 15 minutes to Little Caesars Arena and Downtown Detroit.
Development Advantage:
Architectural drawings approved – shovel ready for development
Additional Highlights:
No known special assessments
No known encroachments
On-street parking with rear alley access
Investment & Value-Add Potential:
Property presents strong upside with the ability to stabilize rents and maximize income. May qualify for multiple incentive programs, including:
Brownfield TIF, OPRA, PILOT programs, SBA financing (commercial), Potential 4% LIHTC (Low-Income Housing Tax Credit) eligibility.
Seller may be open to Land Contract terms.
Excellent opportunity for investors seeking a value-add mixed-use asset in a high-demand, high-visibility corridor with long-term growth potential. BATVAI
Location
State MI
County Wayne
Area Area05055Detconmorsgrathstn7Mack
Rooms
Basement Full, Unfinished, Walk Up Access
Interior
Heating Natural Gas, Radiant, Steam
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, BrickMortar
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
NEARBY SCHOOL & BUSINESS
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