$150,000

5771 Chatsworth Street – 48224

Detroit, Michigan 48224

Morningside Neighborhood

2 Baths

2704 Sq FT

$55.47 Price per Sq Ft

Highlights

BalconyGarageOnStreet

About This Home

5771 Chatsworth is a brick two family flat in Detroit's Morningside neighborhood, configured as a three bedroom one bath unit over a matching three bedroom one bath unit. Both units are currently occupied and stabilized, with original character intact throughout: dark stained hardwood floors, decorative plaster wall panels, tiled fireplaces, and arched window openings that read as period appropriate for the east side's prewar housing stock. The kitchens carry updated cabinetry, tile backsplash, and gas ranges, and each unit has its own water heater in the shared basement. A detached garage sits off the rear drive. The building is fully leased and current. The lower unit rents at $950 per month through April 2027 and the upper at $850 per month through July 2027, both paying cash. Combined gross sits at $1,800 per month, or $21,600 annual, with net operating income around $11,800. At a $150,000 list that puts the buyer in near an 8 cap on day one occupancy. Both units are renting under market for the area, which leaves clear room for an incoming owner to bring rents up at renewal without heavy capital outlay given the updates already in place. This is a turnkey position for a buyer who wants income from acquisition rather than a lease up, with upside to the return as rents reset. Morningside holds some of the most intact brick housing on Detroit's far east side and sits close to the Grosse Pointe border. The Mack Avenue corridor and Grosse Pointe shopping and dining are a short drive east, Chandler Park with its golf course and aquatic center is nearby, and access to I-94 and the broader east side is straightforward. The location supports the kind of stable, long term tenancy this building is already showing. Showings by appointment only. POF or pre-approval required.

Listing Agent

Garrett Blair

Douglas Rose Realty

Listed on : June 21, 2026

Activity

Days on Market:

Home Details

Home Type

ResidentialIncome

Est. Annual Taxes

$11,541

Year Built

Built in 1928

Lot Details

0.11 Acre Lot
Lot Dimensions are 38X126.68

Parking

Garage
OnStreet

Home Design

Balcony

Interior Spaces

2,704 Sq Ft Home

Kitchen

Flooring

Bedrooms and Bathrooms

2 Bathrooms

Laundry

Finished Basement

Home Security

Pool

Outdoor Features

Balcony

Location

DetroitCity_Wayne, Michigan
Wayne County
Postal Code: 48224

Utilities

ForcedAir, NaturalGas
Water Source: Public
Sewer: PublicSewer

About the Showing Agent

Hassan Scheib

Own It Realty

313-395-0000

Contact Hassan

As a leading Real Estate investment broker, native Detroiter, and family man, Hassan Scheib commands a firm grasp of investing in the Detroit Metro area. His experience and native intuition have led him from success to success as he has overseen property sales, acquisitions, inspections, construction, and tenant placement. Hassan combines keen business acumen, finance know-how, transparency, and ethics with every deal, and he is skilled in Portfolio Sales, Investor Relations, Strategic Planning, Marketing & Management. Above all else, he understands that the client is at the center of the deal and knows how to listen to their needs, roll up his sleeves, and offer them first-class customized service. Committed and attentive, Hassan is always ready to dip into his expansive professional network, industry experience, care, and meticulous attention to detail to help clients reach their goals.

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