For Sale36d on market
2987 Franklin St #5-2D
Detroit, MI, 48207 • Rivertown • Wayne County
$260,000
$377/sqft
Down payment assistance available
1Beds
1Baths
690Sqft
1943Built
Property DNA
Loft Style
Built 1943 · 83 years of history
This home is getting attention
Listed 36 days ago · 554 views · 19 saves
Market activity
Demand and pricing signals for this listing
554 views
People checking out this listing
19 saves
Buyers have saved this home
36 days on market
Established listing
$377/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 47% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Condo · Built 1943
Industrial character meets Rivertown living in this beautifully upgraded historic loft. Built in 1905 and once home to WWII military manufacturing, the building carries a rich legacy — now thoughtfully reimagined for modern living. This unit stands out within the community thanks to its extensive upgrades and exceptional natural light. Large windows fill the open-concept space with sunlight, highlighting the loft’s authentic industrial feel while offering comfort and functionality. Enjoy living near the Detroit Riverwalk, Atwater Brewery, the marina, multiple parks, and the new nightlife destination The Big Pink. An NEZ tax abatement through 2035 provides meaningful property tax savings, and the HOA fee remains notably reasonable. Schedule your showing today!
Estimated monthly payment
Based on current rates
$1,851/month
Principal & Interest$1,284
Property Tax$260
Insurance$87
HOA$220
Down payment20% ($52,000)
3%50%
Est. 6.28% rate · 30yr fixed · $208,000 loan
Full calculator →At a glance
Key facts and listing details
TypeCondominium
Year Built1943
HeatingForced Air, Natural Gas
ParkingAssigned 1 Space, No Garage
HOA$220 monthly
Days on Zillow36 Days
Price/sqft$377
Property
Home typeCondo
Sub-typeCondominium
StyleLoft
Year built1943
Stories1
Systems
HeatingForced Air, Natural Gas
ConstructionBrick
Water / SewerPublic, Waterat Street / Public Sewer, Sewer At Street
Parking & Outdoor
ParkingAssigned 1 Space, No Garage
Location & Tax
NeighborhoodRivertown
Annual tax$4,241
ParcelW27I210144S
Bathrooms & Fees
Full baths1
HOA$220/mo
Features & details
4 categories of property features
Interior Features
Heating
Forced Air
Natural Gas
Exterior Features
Exterior
Grounds Maintenance
Lighting
Private Entrance
Parking
Assigned 1 Space
No Garage
Construction
Brick
Room details
4 rooms detailed
Primary Bedroom
Entry14×11 ft154 sqft
Other
Entry9×9 ft81 sqft
Kitchen
Entry11×9 ft99 sqft
Living Room
Entry11×10 ft110 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market36
Est. value$253,500
Est. rent$1,592/mo
Tax rate1.83%
Price/sqft$377
On marketMar 6, 2026
PostedMar 2, 2026
MLS updatedMar 30, 2026
Tour days9
Views554
Favorites19
How are the schools in Detroit?
2 schools rated nearby
Location
Detroit, MI, 48207
Price history
4 events
DateEventPrice$/sqftSource
Mar 6, 2026Listed For Sale$260,000$377Realcomp II
Sep 2, 2025Listing Removed$270,000$391Realcomp II
Aug 4, 2025Price Change$270,000$391Realcomp II
May 20, 2025Listed For Sale$280,000$406Realcomp II
Listed For Sale$260,000
Mar 6, 2026•$377/sqft•Realcomp II
Listing Removed$270,000
Sep 2, 2025•$391/sqft•Realcomp II
Price Change$270,000
Aug 4, 2025•$391/sqft•Realcomp II
Listed For Sale$280,000
May 20, 2025•$406/sqft•Realcomp II
Nearby homes
Neighborhood details
Local context around this listing
Detroit, MI • Wayne County
Nearby neighborhoods
BagleyBarton-McFarlandBrightmoorClaytownFranklin ParkHerman GardensMorningsideSouthwest DetroitSpringwellsWarrendale
Nearby cities
CantonDearbornDearborn HeightsDetroitLincoln ParkLivoniaNorthvilleRedford
Nearby zip codes
48205482124821948221482244822748228482344823548239
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