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Photo 1 of 3931 McGraw Street, Detroit MI
For Sale

3931 McGraw StreetDetroit, MI 48208

$550,000

Listing courtesy of Elite Urban Realty Professionals

60

Beds

27

Baths

24,255

Sqft

About

This Home

McGraw/Boulevard Lawn Apartments Strategically positioned at McGraw Street and West Grand Boulevard, this four-section, interconnected multifamily complex offers exceptional redevelopment potential within an increasingly connected area of Detroit. The property sits between several of the city’s most significant investment districts, including Henry Ford Health’s $3 billion Future of Health initiative, Ford’s Michigan Central innovation district, and the advancing $62 million Junction McGraw industrial development. Access to I-94 and I-96 connects the site to Downtown, Midtown, Dearborn, major employment centers, Detroit’s stadium and entertainment district—including Ford Field, Comerica Park, and Little Caesars Arena—and the Ambassador and Gordie Howe international bridges to Canada. The apartments offer varied configurations serving a broad range of household needs. A unit mix weighted toward three-bedroom apartments can accommodate families seeking larger rental housing. Generously sized two-bedroom units provide flexibility for residents who work from home or need office, study, or multipurpose space. One-bedroom apartments further broaden the tenant base and allow the development to serve multiple household sizes and price points. This substantial redevelopment opportunity is ideally suited to a seasoned, well-capitalized developer with the experience and resources to execute a comprehensive, multi-phase rehabilitation. The project requires a sponsor capable of navigating structural rehabilitation, municipal approvals, construction financing, phased construction, and lease-up. For the right team, it presents an exceptional opportunity to reposition a distinctive 27-unit residential asset, create quality housing for Detroit’s missing-middle workforce, support broader workforce-development goals, and pursue nearby infill opportunities. Buyer to independently verify all building measurements.

Details

Property Type
Residential Income
Style
Multi Family
Year Built
1920
Lot Size
0.38 acres
Garage Spaces
0
Heating
None, Natural Gas
Cooling
None
Basement
Full, Interior Entry, Unfinished
Annual Taxes
$16,955
MLS #
20261060857

About Detroit

Michigan's largest city, with a revitalized downtown and riverfront, the Midtown cultural district and historic neighborhoods like Indian Village and Boston-Edison. Home styles range from grand early-1900s homes to lofts and new construction.

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Gallery

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Listing courtesy of Elite Urban Realty Professionals. MLS # 20261060857. Information is deemed reliable but not guaranteed and should be independently verified.

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