Excellent investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building with both with separate tax lots and meters! 3 bedroom townhouses with 1 full bath, 1 half bath, private basements, separate entrances, separate gas, electric, and water meter for each townhouse allowing a tenant to be responsible for 100% of utilities! Excellent layout and large bedrooms. Beautiful original hardwood floors throughout ready to be refinished. Priced attractively to accommodate the need for a new roof and other improvements/ TLC. Sold "As is". Located steps from Coriander Kitchen & Farm- Detroit's hottest restaurant, Detroit River Sports, and Grosse Pointe Park.
Multi-familyProperty Type
1946Year Built
3,484 sq ftLot Size
$64Est. Price/Sq.Ft.
Listed by James Saros• Jim Saros Real Estate Services
•313-886-9030 (broker)
Bought with Ryan Berns• LPS
•913-492-6900 (broker)
Bought with James Saros• Jim Saros Real Estate Services
Excellent investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building with both with separate tax lots and meters! 3 bedroom townhouses with 1 full bath, 1 half bath, private basements, separate entrances, separate gas, electric, and water meter for each townhouse allowing a tenant to be responsible for 100% of utilities! Excellent layout and large bedrooms. Beautiful original hardwood floors throughout ready to be refinished. Priced attractively to accommodate the need for a new roof and other improvements/ TLC. Sold "As is". Located steps from Coriander Kitchen & Farm- Detroit's hottest restaurant, Detroit River Sports, and Grosse Pointe Park.
Year
Property tax
Land + Additions
Assessment*
2025
$2,418 (−46.3%)
2024
$4,503 (+244.2%)
2023
$1,308 (+2.8%)
2022
$1,273 (+2.5%)
2021
$1,242
2020
$1,242 (+10.4%)
2019
$1,125 (+3.4%)
2018
$1,087 (−2.7%)
2017
$1,117 (−22.7%)
2016
$1,446 (+1.0%)
2015
$1,431 (−8.5%)
2014
$1,564 (−3.1%)
2013
$1,614
Tax history for 240-242 ALTER Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,418 (−46.3%)
2024
$4,503 (+244.2%)
2023
$1,308 (+2.8%)
2022
$1,273 (+2.5%)
2021
$1,242
2020
$1,242 (+10.4%)
2019
$1,125 (+3.4%)
2018
$1,087 (−2.7%)
2017
$1,117 (−22.7%)
2016
$1,446 (+1.0%)
2015
$1,431 (−8.5%)
2014
$1,564 (−3.1%)
2013
$1,614
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
2
Lot width
25 ft.
Lot depth
135 ft.
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
1,088
Year built
1946
Style
Townhouse
County
Wayne County
APN
21062619.002L
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 8, 2026.
R2
Two-Family Residential District
The R2 Two-Family Residential District is designed to protect and enhance those areas developed or likely to develop with single- or two-family dwellings. The district regulations are designed to promote a suitable environment for homes and for activities connected with family life. The only principal uses permitted by right are single- and two-family dwellings. Additional uses are conditional.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Interior
Bathroom Information
# of Lavatories: 2
# of Bathrooms (Full): 2
# of Baths/Lavatories (Total): 4
Laundry/Basement Information
Basement Type: Block
Exterior
Exterior Features
Exterior Construction: Brick
Foundation Type: Basement
Property Information
Property Type: Multi-Family
Structure Style: 2 Story
Styles: Colonial
Year Built: 1946
Lot Information
Zoning: Multi-Family
Land Information
Acreage: 0.08
Roads: Paved Street
Frontage: 35
Financial
Tax/Assessments Information
Taxable Value: $8,853
Total Tax Amount: $1,012
Summer Tax Amount: $929
Winter Tax Amount: $83
Has Assessments
Assessments Amount: $240
Utilities
Utility Information
Water Heater: Gas
Water: Public Water At Street
Cooling System: Central A/C
Fuel Type: Natural Gas
Heating System: Forced Air
Sewer Septic: Public At Street
Location
Mult-Unit Information
# of Units (Total): 2
Net Operating Income: $19,800
Net Operating Income: 19800
Unit 1 Information
Rent Rate: $1,100
Unit 2 Information
Rent Rate: $1,100
School Information
School District: Detroit City School District
School District: Detroit City School District
Address Information
Street Designation: Road
Location Details
Directions: Take jefferson to alter and turn right.
Municipality Type: City
Municipality: Detroit
Mail City: Detroit
Subdivision: WINDMILL POINTE SUB (ALSO P6) (PLATS)
Municipality: Detroit
Area (Municipality): Detroit (82001)
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,088
Stories: 2.0
Lot Size: 3,485 square feet
Style: Townhouse
Year Built: 1946
Year Renovated: —
County: Wayne County
APN: 21062619.002L
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
Originating MLS: RealComp
Around this home
Schools
Carstens Elementary-Middle School
Public PreK-8 • Assigned • 0.8mi
4/10
East English Village Preparatory Academy
Public 9-12 • Assigned • 3.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 27-37% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Detroit, MI • 48215 3100
Average low and high temperatures (°F)
28
18
34
21
52
33
61
42
67
50
81
62
83
68
79
63
76
60
65
49
50
39
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 2.4 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
2.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$132,000 – $160,000
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