Map location of 1583 Cadillac Boulevard, Detroit, MI 48214
$435,000
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1583 Cadillac Boulevard, Detroit, MI 48214

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5 Beds
4 Baths
3,600 Sq Ft

Incredible Investment Opportunity Perfect for Elder Care or Student Housing! Welcome to your next high-return investment in the heart of Downtown Detroit! This beautifully renovated three-story historic home offers a unique opportunity to generate significant rental income, whether you're seeking to establish an elder care facility or take advantage of demand for off-campus housing near Wayne State University. Boasting Approximately 3,600 sq ft of meticulously restored living space, this residence features custom finishes throughout, from extended, built-in cabinetry to original early-1900s Detroit tilework in the bathrooms. Each spacious bedroom offers the potential to generate $2,000$3,000 per month in rent, creating a projected gross income of over $10,000/month when fully occupied. The propertys layout is ideal for shared living, with multiple bathrooms, generous common areas, and a third-floor suite perfect for staff quarters or a premium rental unit. The home also includes a full basement that can be divided into individual storage units for each resident, adding valuable utility and convenience. With two kitchen areas, residents can enjoy greater flexibility and comfort in meal preparation. Stairs can be easily outfitted with stairlifts, making the property more accessible for elderly residents. Additionally, a privacy fence can be installed around the perimeter to create a safe and enclosed environment for all occupants. The exterior is just as impressive, with period-accurate paint from the 1901 East Village catalogue adding charm and curb appeal. Located in a high-demand area with walkable access to restaurants, entertainment, and major institutions, this property is a rare chance to capitalize on Detroits growing need for elder care housing or student accommodations. Dont miss this opportunity to turn a piece of Detroits architectural legacy into a thriving income generating business!

Listing By: Drake O'Donnell - NATOD Management mirc Realty.com
  • MLS# 20251057071
  • Date Listed11/30/2025
  • Days on Realty 9 Days
  • Bedrooms 5
  • Bathrooms 3 Full baths, 1 Half baths
  • Lot Size 0.1 acres (4,356 sq. ft)
  • Sewer Public Sewer
  • Subdivision BRANDONS
  • Property Type Multi Family
  • County Wayne
  • Year Built 1914
  • Water Public
  • Square Feet 3,600 sq. ft
  • Price Per Sq. Ft $120.83

Interior Features

  • Cooling None
  • Heating Forced Air, Natural Gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.10
  • Lot Size SQFT 4,356.00
  • Lot Features -

Directions

Jefferson Ave x Cadillac BLVD x Cadillac BLVD to house.

Financial Considerations

  • Tax Amount $1,493
  • Terms Cash, Conventional, FHA, VA Loan

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in MI / 48214

Source: Walkscore

41/100

Car-Dependent

Walk Score ®

45/100

Some Transit

Transit Score ®

68/100

Bikable

Bike Score ®

Overview

Most errands require a car. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

10 nearby routes: 10 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 48/100, Transit Score: 42/100, Bike Score: 55/100.

Points of Interest near 1583 Cadillac Boulevard, Detroit, MI 48214

Frequently Asked Questions for 1583 Cadillac Boulevard

Source: Realty.com

1583 Cadillac Boulevard, Detroit, MI 48214 is a Multi Family, Residential Income property listed for $435,000 The property is 3600 sq. ft with 5 bedrooms and 4 bathrooms

Realty.com has 50 photos of 1583 Cadillac Boulevard.

Our records indicate that 1583 Cadillac Boulevard was built in 1914.

The full address for this home is 1583 Cadillac Boulevard, Detroit, MI 48214.

1583 Cadillac Boulevard has been listed on Realty.com since Sun November 30, 2025

Most errands require a car. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 48/100, Transit Score: 42/100, Bike Score: 55/100.

There are 1 schools assigned to this home. Check out the schools near 1583 Cadillac Boulevard. Detroit Academy Of Arts And Sciences Middle School (Grades: 6 - 8)

Listing provided courtesy of: Natod Management (tel: 248-609-7108)
Listing agent: Drake O'donnell (#460024)

This content last refreshed on 2025-12-09 19:33:37. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1583 Cadillac Boulevard, Detroit, MI 48214 : MLS# 20251057071

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