2431 Concord Street
Detroit, MI 48207
Multi Family · MLS # 20261091524 · Listing courtesy of Max Broock, REALTORS®-Detroit
About this home
RARE - Designer Multi-Family Opportunity. Live in one. Lease the other. Completely reimagined by FIVE 17 STUDIO, this two-unit residence brings thoughtful design, flexibility, and serious value to the heart of Detroit’s Islandview neighborhood. Just minutes from West Village, Belle Isle, Little Village, shopping, dining, and some of the city’s best neighborhood destinations, the location puts you right in the middle of Detroit’s east side momentum. The renovation went well beyond cosmetic. Taken down to the studs and rebuilt with care and precision - approximately 1,500 square feet in each unit, the property offers the feel and finish of new construction within an established neighborhood. Clean lines, elevated materials, in-unit laundry, and functional layouts make both residences feel considered from beginning to end. The upper unit features two bedrooms and one and a half baths, while the lower offers two bedrooms and one full bath. That flexibility opens up plenty of options: create an income-producing property, live in one unit while renting the other, accommodate extended family, or add a beautifully renovated multifamily property to your portfolio. Finding two fully renovated, design-forward residences at this price point is increasingly difficult, especially in a location connecting Islandview, West Village, and the greater east side. This isn’t your typical Detroit duplex. It was designed to stand apart and it totally does. Don't miss this one!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,207 homes sold in Detroit for a median of $99,900, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $409,000, or $142 per square foot, 100% above the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $12,355 a year. A buyer who lives here would pay about $9,620 to $13,257 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Detroit
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