For Sale5d on market
1550 Cherboneau Pl #127
Detroit, MI, 48207 • Lafayette Park • Wayne County
$39,900
$44/sqft
Down payment assistance available
2Beds
1Baths
900Sqft
1963Built
Property DNA
Common Entry Building,Ranch Style
Built 1963 · 63 years of history
This home is getting attention
Listed 5 days ago · 275 views · 13 saves
Market activity
Demand and pricing signals for this listing
275 views
People checking out this listing
13 saves
Buyers have saved this home
5 days on market
Just listed — act fast
$44/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 31% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Condo · Built 1963
Unbeatable Price in Historic Lafayette Park Co-op! This first floor, 2 bedroom unit is in need of updating and is priced accordingly. Make this home your own with fresh paint, new flooring, and appliances. Lots of storage space. You cannot beat the location, walkable to all of the best that Downtown has to offer: Dequindre Cut, Eastern Market, the Riverwalk, sports venues, dining, entertainment galore! Cherboneau Place offers residents a great community feel and many amenities included gated parking, beautiful grounds, a community room, library, on-site laundry, exercise room, workshop, and secure, private storage. There is also an elevator for added convenience. Super affordable living that includes property taxes, water, heat, building maintenance, a/c maintenance, trash in the HOA. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.
Standout features identified
Our analysis highlights gated parking, lots of storage space, and beautiful grounds as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,003/month
Principal & Interest$207
Property Tax$40
Insurance$13
HOA$743
Down payment20% ($7,980)
3%50%
Est. 6.75% rate · 30yr fixed · $31,920 loan
Full calculator →Virtual Tour
Open in new tab ↗Loading virtual tour…
At a glance
Key facts and listing details
TypeStock Cooperative
Year Built1963
HeatingBaseboard, Natural Gas
CoolingWall Units
ParkingParking Lot, No Garage
HOA$743 monthly
Days on Zillow5 Days
Price/sqft$44
Property
Home typeCondo
Sub-typeStock Cooperative
StyleCommon Entry Building,Ranch
Year built1963
Stories1
Systems
HeatingBaseboard, Natural Gas
CoolingWall Units
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingParking Lot, No Garage
BasementCommon,Unfinished
Location & Tax
NeighborhoodLafayette Park
Bathrooms & Fees
Full baths1
HOA$743/mo
Features & details
9 categories of property features
Interior Features
Interior
Elevator
Heating
Baseboard
Natural Gas
Cooling
Wall Units
Laundry
Common Area
Accessibility
Accessible Elevator Installed
Exterior Features
Parking
Parking Lot
No Garage
Construction
Brick
Community
Sidewalks
Pool Features
None
Room details
6 rooms detailed
Primary Bedroom
Entry13×11 ft143 sqft
Bedroom
Entry13×11 ft143 sqft
Other
Entry5×7 ft35 sqft
Dining Room
Entry8×7 ft56 sqft
Kitchen
Entry7×10 ft70 sqft
Living Room
Entry12×18 ft216 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Days on market5
Est. rent$1,496/mo
Price/sqft$44
On marketApr 2, 2026
PostedApr 2, 2026
MLS updatedApr 2, 2026
Tour days6
Views275
Favorites13
How are the schools in Detroit?
3 schools rated nearby
Location
Detroit, MI, 48207
Price history
7 events
DateEventPrice$/sqftSource
Apr 2, 2026Listed For Sale$39,900$44Realcomp II
Mar 31, 2026Listing Removed$39,900$44Realcomp II
Sep 16, 2025Price Change$39,900$44Realcomp II
Aug 14, 2025Price Change$42,900$48Realcomp II
Apr 17, 2025Listed For Sale$45,000$50Realcomp II
Apr 17, 2025Listing Removed$54,000$60Realcomp II
Feb 21, 2025Listed For Sale$54,000$60Realcomp II
Listed For Sale$39,900
Apr 2, 2026•$44/sqft•Realcomp II
Listing Removed$39,900
Mar 31, 2026•$44/sqft•Realcomp II
Price Change$39,900
Sep 16, 2025•$44/sqft•Realcomp II
Price Change$42,900
Aug 14, 2025•$48/sqft•Realcomp II
Listed For Sale$45,000
Apr 17, 2025•$50/sqft•Realcomp II
Listing Removed$54,000
Apr 17, 2025•$60/sqft•Realcomp II
Listed For Sale$54,000
Feb 21, 2025•$60/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
Similar homes
IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2026 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated as recently as 2026-02-06 15:35:30 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR®- Lauren Buttazzoni - (313) 479-2702
No obligation · Same-day response