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242 E Palmer, 1 & 2 Unit # 1 & 2, Detroit, MI 48202

$347,500
Sq. Ft. 1,984 Beds 3 Full Baths 2 Yr Built 1920

Welcome to Midtown Art Center! Embrace the artsy side of Midtown, where you can walk to the Detroit Institute of Arts (DIA), Wayne State University, CCS, the public library, and the historical museum, while enjoying the tranquility of a true residential neighborhood. This original brick building blends Craftsman and Loft styles and features two garden-level condominiums, currently joined into one expansive living space. Easily revertible to two distinct units, this property offers flexibility and charm. Perfect for an artist’s studio or a student investment property! Live in one unit and rent the other out! The main living area of the primary residence includes a welcoming living room, dining area, and a fully equipped kitchen. It features a large bedroom with a washer/dryer and a smaller bedroom used as a home office. A connecting entryway leads to the second unit with a versatile bonus room, currently an art studio with a kiln, plus a bedroom, bathroom, partial kitchen, and washer/dryer hookup. Enjoy easy access to shopping, dining, the Q-Line, and major freeways, along with the NEZ-homestead property tax abatement ensuring long-term financial advantages. Don’t miss this chance to own a unique property in Midtown Art Center, offering modern convenience and urban living at its finest.

Listing Info MLS# 24028103

Status
Active
Listed On
June 4, 2024
Days on Mkt
170 Days
Price
$347,500
HOA Fee
$570 Monthly
Square Feet
1,984 Sq Ft
Bed
3 Bedrooms
Bath
2 Full / Half
Type
Condo
Style
Ranch
Year Built
1920
Acres
0.20
Basement
Slab
Garage
Has Garage: No
Appliances
Dryer, Washer, Disposal, Dishwasher, Microwave, Range, Refrigerator
Interior
Kitchen Island
Exterior
Patio
City
Detroit, MI
Zip
48202
County
Wayne

School Information

District Detroit

Property Taxes and Assessment

Year 2023
Total Tax $478
Assessment $5,213

Nearby Properties (3)

ACTIVE
$347,500 More Info
3 bed, 2. bath, 1,984 sqft
242 E Palmer, 1 & 2 Un..., Detroit
ACTIVE
$327,500 More Info
3 bed, 2. bath, 1,984 sqft
242 E Palmer, 1 & 2 Un..., Detroit
ACTIVE
$229,900 More Info
1 bed, 1. bath, 1,228 sqft
287 E Palmer Street, 1..., Detroit
Listing courtesy of Howard Hanna

IDX listing data provided by and Copyright © Ann Arbor Area Board of Realtors Multiple Listing Service.

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED