$925,000
21 Beds | 20 Baths | 11,949 sqft
1055 Philip St
Media Image 1
Media Image 2Media Image 3
$925,000
ACTIVE
1055 Philip St, Detroit, MI 48215
21 Beds
20 Baths
11,949 SqFt
About This Home

1055 Philip St is a 20-unit multifamily investment opportunity located between Grosse Pointe Park and Jefferson Chalmers. This building includes 19 one-bedroom units and 1 two-bedroom unit. With area rental comps supporting $800 to $1,000 per one-bedroom unit, the property offers a projected gross monthly income between $16,000 and $20,000. Using a conservative esti...

Continue reading
Snapshot
  • Price:
  • $925,000
  • Bedrooms:
  • 21
  • Total Baths:
  • 20
  • Full Baths:
  • 20
  • Square Footage:
  • 11,949
  • Acreage:
  • 0.15
  • Year Built:
  • 1928
  • Listing ID #:
  • 20240088848
  • Street Address:
  • 1055 Philip St
  • City:
  • Detroit
  • State:
  • MI
  • Postal Code:
  • 48215
  • County:
  • Wayne
  • Community:
  • 05066 - Det: McClellan East/Mack To Shore
  • Subdivision:
  • Pointe View Joseph S Visger & Edgar J Hitchings
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Special Code:
  • Short Sale - No, Standard
Ask Natasha Richards
Building
Land
Listing
Money
Systems
Source
Listing Provided By: Tiroca Battle with REALTEAM Real Estate
IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri-Counties and REALCOMP II LTD, ©2025 Realcomp II Ltd. Shareholders
Average Mortgage Rates in U.S.*
Loading Content...
Ask Natasha Richards
OBMMI™ is powered by Powered By Optimal Blue
Last updated: 06/13/2025
*OPTIMAL BLUE MORTGAGE MARKET INDICES - Calculated from actual locked rates with consumers across more than one-third of all mortgage transactions closed nationwide, OBMMI provides multiple mortgage pricing indices developed around the most popular mortgage products and specific borrower attributes and provides configurable trending of rates over time.
Estimate Your Mortgage
Source: Etta Home Search
Ask Natasha Richards
Similar Properties
Loading content...
Natasha Richards
Can Answer Your Questions