72 Pilgrim Street

About this home

Exceptional investment opportunity! This brick duplex at 72 Pilgrim offers two spacious units, making it an ideal addition to a buy and hold portfolio or a value add investment. Each unit features generous living space, classic Detroit architectural character, and strong rental potential in an area with consistent demand for multifamily housing. Located in Detroit's historic Medbury neighborhood, just off the Woodward Avenue corridor, the property is minutes from Downtown Detroit, Midtown, New Center, and major employers, with convenient access to I-75 and the Davison Freeway. The neighborhood continues to benefit from ongoing public and private investment, positioning this asset for both immediate cash flow and long-term appreciation.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Highland Park

Over the last 90 days, 25 homes sold in Highland Park for a median of $60,000, about $46 per square foot, and the typical one went under contract in 27 days. This home is listed at $180,000, or $48 per square foot, 4% above the city median, and has been on the market 128 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Highland Park sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $3,761 a year. A buyer who lives here would pay about $3,518 to $5,747 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.22 mills for Highland Park City and Highland Park 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

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