Nestled in Detroit's tranquil Jefferson Chalmers neighborhood near Grosse Pointe Park, this well-maintained four-unit multifamily property offers an excellent investment opportunity. Each of the four units features a living room, kitchen, dining area, one bedroom, and one bathroom, providing comfortable living spaces for residents. The Jefferson Chalmers area is known for its family-friendly atmosphere and proximity to shops and restaurants, offering a vibrant community for residents. The location also provides a short commute to downtown Detroit, enhancing its appeal to potential tenants. This property stands as a solid investment in a developing neighborhood, offering both immediate rental income and long-term growth potential.
Multi-familyProperty Type
1922Year Built
6,969 sq ftLot Size
$108Est. Price/Sq.Ft.
Listed by David Dawood• Detroit Progress Realty LLC
•313-888-6060 (broker)
•mikhailgrealtor@gmail.com (broker)
Bought with John Kravitz• Town & Country Realty-Lexington
Nestled in Detroit's tranquil Jefferson Chalmers neighborhood near Grosse Pointe Park, this well-maintained four-unit multifamily property offers an excellent investment opportunity. Each of the four units features a living room, kitchen, dining area, one bedroom, and one bathroom, providing comfortable living spaces for residents. The Jefferson Chalmers area is known for its family-friendly atmosphere and proximity to shops and restaurants, offering a vibrant community for residents. The location also provides a short commute to downtown Detroit, enhancing its appeal to potential tenants. This property stands as a solid investment in a developing neighborhood, offering both immediate rental income and long-term growth potential.
REALCOMP #20250025095
May 22, 2025
Sold
$215,000
$65/sq ft
Apr 21, 2025
Pending
—
Apr 11, 2025
Listed
$249,500
$75/sq ft
MiRealSource-MiMLS #20592284
Aug 30, 2012
Sold
$20,100
$6/sq ft
Aug 1, 2012
Listing Removed
—
Jul 10, 2012
Listed
$19,900
$6/sq ft
MiRealSource-MiMLS #31110411
Aug 30, 2012
Sold
$20,100
$6/sq ft
Aug 1, 2012
Listing Removed
—
Jul 10, 2012
Listed
$19,900
$6/sq ft
REALCOMP #212070850
Aug 30, 2012
Sold
$20,100
$6/sq ft
Jul 10, 2012
Listed
$19,900
$6/sq ft
Public Records
Dec 1, 1994
Sold
$70,000
$21/sq ft
MiRealSource-MiMLS #7665
Nov 18, 1994
Sold
$74,900
$23/sq ft
Jul 26, 1994
Listed
$74,900
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,435 (+0.5%)
2024
$2,423 (+51.2%)
2023
$1,602 (+3.2%)
2022
$1,553 (+3.9%)
2021
$1,495 (−4.8%)
2020
$1,570 (+5.7%)
2019
$1,485 (−2.8%)
2018
$1,528 (+0.5%)
2017
$1,521 (−0.3%)
2016
$1,526 (+1.1%)
2015
$1,510 (−8.5%)
2014
$1,650
Tax history for 896 ALTER Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,435 (+0.5%)
2024
$2,423 (+51.2%)
2023
$1,602 (+3.2%)
2022
$1,553 (+3.9%)
2021
$1,495 (−4.8%)
2020
$1,570 (+5.7%)
2019
$1,485 (−2.8%)
2018
$1,528 (+0.5%)
2017
$1,521 (−0.3%)
2016
$1,526 (+1.1%)
2015
$1,510 (−8.5%)
2014
$1,650
*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
3.5
Stories
2
Lot width
50 ft.
Lot depth
135 ft.
Lot size
6,970 Sq. Ft.
Year renovated
—
Sq. Ft.
3,308
Year built
1922
Style
Townhouse
County
Wayne County
APN
21062693.
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 Bathrooms (Full): 4
# 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: 1922
Land Information
Acreage: 0.16
Roads: Paved Street
Frontage: 50
Financial
Tax/Assessments Information
Taxable Value: $16,554
Total Tax Amount: $1,645
Summer Tax Amount: $1,497
Winter Tax Amount: $148
Has Assessments
Assessments Amount: $250
Lease/Rent Information
Has Lease
Utilities
Utility Information
Water: Public Water
Fuel Type: Natural Gas
Heating System: Hot Water
Sewer Septic: Public Sanitary
Location
Mult-Unit Information
# of Units (Total): 4
School Information
School District: Detroit City School District
School District: Detroit City School District
Address Information
Street Designation: Road
Location Details
Directions: Heading south on Alter, after you pass Jefferson,
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: 3.5
Sq. Ft.: 3,308
Stories: 2.0
Lot Size: 6,970 square feet
Style: Townhouse
Year Built: 1922
Year Renovated: —
County: Wayne County
APN: 21062693.
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 • 0.9mi
4/10
East English Village Preparatory Academy
Public 9-12 • Assigned • 2.4mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 18-26% 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 2902
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
$340,000 – $411,000
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