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Jenn Smart

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580 Alter , Detroit, MI 48215
$300,000
Est. Payment: $1,563.34/mo
0 Bed
2 Bath
1878 Sqft
Status: active | Days on site: 55
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Opportunities like this don't come around often in Jefferson Chalmers. Located in one of Detroit's most unique waterfront communities, known as Detroit's Little Venice. This brick bungalow multifamily offers proven performance, and exceptional flexibility in a location that continues to gain attention from both investors and homeowners alike. Currently operating as a successful short-term rental, this duplex is already positioned to generate income from day one. Whether you're looking to continue its established short-term rental operation, add a low-maintenance asset to your long-term portfolio, house-hack by living in one unit while renting the other, or create a multi-generational living arrangement, the possibilities are plentiful. The property consists of a spacious 2-bedroom, 1-bath lower unit and a comfortable 1-bedroom, 1-bath upper unit, each benefiting from updates throughout. Renovations include updated flooring, beautifully remodeled kitchens featuring granite counter tops and shaker-style cabinetry, tastefully updated bathrooms with wainscoting accents, upgraded electrical systems, furnaces, and added parking pad, providing the peace of mind that comes with major capital improvements already being completed. Features a basement and garage for storage or entertainment. Whether it's morning coffee in the fresh air or evenings spent around the fire with friends and family, or your guests, the private backyard fire pit area offers the kind of experience that turns a simple stay into a memorable one. Beyond the property itself, Jefferson Chalmers is known for its strong sense of community. Enjoy access to the Detroit River, neighborhood canals, and numerous parks throughout the area. The location also provides convenient access to downtown Detroit and neighboring Grosse Pointe, while local favorites such as Yellow Light Coffee & Donuts and Coriander Kitchen and Farm help create the vibrant community atmosphere residents and visitors have come to love.

Highlights

Listed by Steven Koski , 586-404-3505 Berkshire Hathaway HomeServices Kee Realty Clinton , 586-840-0400. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1956

County

Wayne

Area

Detroit (82001)

Neighborhood

Windmill Pointe Sub Also P6

School District

Detroit City School District

Listing ID

60995456

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:1878
Basement:Block,Partially Finished
Water:Public Water

Exterior Features

Lot Dimensions:50X135
Zoning:Multi-Family
Others:
  • Additional:Porch
Principal Interest
$1,563
Taxes
$263

Home Price

$300,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$60,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,563.34

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,563.34 $263.08 $0.00 $1,826.43
Yearly $18,760.10 $3,157.00 $0.00 $21,917.10
Total $562,803.02 $94,710.00 $0.00 $657,513.02
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T03:11:55.100Z

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