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1550 Cherboneau Place 121, Detroit, MI 48207

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For Sale

$42,000

1 beds • 1 baths • 700 sqft

Estimated Payment

$ 215 /mo. †

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Condominium
    Property type

  • $60.00
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Amazing Opportunity-Historic Lafayette Park Co-op! This 1 bedroom unit is in need of some TLC 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: Ford Field, Comerica Park, LCA, Eastern Market, the Riverwalk, 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. Included in the monthly HOA: property taxes, water, heat, building maintenance, a/c maintenance, trash. Co-op approval required for purchase. CASH terms, owner-occupied only. Pets are not permitted. Sale subject to probate court approval-Estate Sale.
MLS# 20250010643

Courtesy Of Curtis-Botsford Real Estate LLC
30500 Northwestern Hwy, Farmington Hills, MI 48334
(248) 626-2100

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range
  • Architecture Style
    Ranch
  • Exterior Type
    Brick
  • Fireplace
    Fireplace
  • Heating System
    Baseboard, Fireplace
  • Rooms
    Basement

Map and Directions

Directions to 1550 Cherboneau Place 121, Detroit, MI 48207

Home seller CENTURY 21 Curran & Oberski

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Curran & Oberski

(248) 264-1700
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $215
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $215

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Chrysler Elementary School

Grades KG-5 Public School

Detroit, MI 48207 0.2 miles
1445 e lafayette st

124 total students
14:1 Student teacher ratio

School Rating: A-

School Details

Martin Luther King Jr. Senior High School

Grades 9-12 Public School

Detroit, MI 48207 0.9 miles
3200 e lafayette st

955 total students
19:1 Student teacher ratio

School Rating: D+

School Details
Other Nearby Schools Distance Type Grades School Rating
University Preparatory Science And Math Elementary School 0.5 miles Public KG-5 D+
Bunche Preparatory Academy 0.6 miles Public PK-8 F
Way Michigan 0.7 miles Public 6-12 C
University Preparatory Science And Math (psad) High School 0.7 miles Public 9-12 D+
Detroit Edison Public School Academy High School 0.8 miles Public 9-12 B-
Detroit Edison Public School Academy 0.8 miles Public PK-8 C+
Detroit Academy Of Arts And Sciences 0.8 miles Public KG-5 F
Detroit Academy Of Arts And Sciences Middle School 0.8 miles Public 6-8 F
Benjamin Carson High School Of Science And Medicine 1.1 miles Public 9-12 C-
Capstone Academy Charter School Seventy-day Adventist South Campus 1.2 miles Public 4-12 F
Spain Elementary-middle School 1.2 miles Public PK-8 D-
Cass Technical High School 1.4 miles Public 9-12 A+
The James And Grace Lee Boggs School 1.4 miles Public KG-8 B
Detroit School Of Arts 1.5 miles Public 9-12 C+
Plymouth Educational Center 1.5 miles Public KG-8
Moses Field Center 1.8 miles Public PK-8
University Preparatory Science And Math (psad) Middle School 1.9 miles Public 6-8 D
University Preparatory Academy Psad Middle School 1.9 miles Public 6-8 F

University Preparatory Science And Math Elementary School

Distance: 0.5 miles

Type Public

Grades: KG-5

D+

Bunche Preparatory Academy

Distance: 0.6 miles

Type Public

Grades: PK-8

F

Way Michigan

Distance: 0.7 miles

Type Public

Grades: 6-12

C

University Preparatory Science And Math (psad) High School

Distance: 0.7 miles

Type Public

Grades: 9-12

D+

Detroit Edison Public School Academy High School

Distance: 0.8 miles

Type Public

Grades: 9-12

B-

Detroit Edison Public School Academy

Distance: 0.8 miles

Type Public

Grades: PK-8

C+

Detroit Academy Of Arts And Sciences

Distance: 0.8 miles

Type Public

Grades: KG-5

F

Detroit Academy Of Arts And Sciences Middle School

Distance: 0.8 miles

Type Public

Grades: 6-8

F

Benjamin Carson High School Of Science And Medicine

Distance: 1.1 miles

Type Public

Grades: 9-12

C-

Capstone Academy Charter School Seventy-day Adventist South Campus

Distance: 1.2 miles

Type Public

Grades: 4-12

F

Spain Elementary-middle School

Distance: 1.2 miles

Type Public

Grades: PK-8

D-

Cass Technical High School

Distance: 1.4 miles

Type Public

Grades: 9-12

A+

The James And Grace Lee Boggs School

Distance: 1.4 miles

Type Public

Grades: KG-8

B

Detroit School Of Arts

Distance: 1.5 miles

Type Public

Grades: 9-12

C+

Plymouth Educational Center

Distance: 1.5 miles

Type Public

Grades: KG-8

Moses Field Center

Distance: 1.8 miles

Type Public

Grades: PK-8

University Preparatory Science And Math (psad) Middle School

Distance: 1.9 miles

Type Public

Grades: 6-8

D

University Preparatory Academy Psad Middle School

Distance: 1.9 miles

Type Public

Grades: 6-8

F

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Detroit, MI 48207

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Detroit, MI 48207

This community’s employment is highest in the administrative support and education industries. The area’s overall household expenses are above the national average.

83° July
Hottest Average Month
18° January
Coldest Average Month
12,238 Total Households in Area
-3.7% Increase in population since the year 2010
12.4%
of households
have children
21 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Detroit, MI 48207

Detroit, MI 48207 has a population of 20,926 people in 12,238 households with a median age of 42.6 years old.

-3.7%
Decrease in population
since the year 2010
Population is Trending down
12,571
Total households as of 2010
2%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 42.6 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Black 73%
White 18%
Asian 3%
Hispanic 2%
Other 1%
Native American <1%
The most prevalent ethnicity is Black at 73%, followed by White at 18%, Asian at 3%, and Hispanic at 2%.

Economics
for Detroit, MI 48207

2,680 /sq mi
Population Density
$47,517 /yr
Median Household Income
$150,000
Median Sales Price
21 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 20.29% of the households.

Transportation to Work

  • Drive 68%
  • Work from Home 13%
  • Walk or Bike 10%
  • Public Transit 9%

Occupancy by Type

Rented 9,016 64%
Owned 3,222 23%
Vacant 1,867 13%

White vs Blue Collar Jobs







White Collar 84%
Blue Collar 16%

Family & Education Facts
for Detroit, MI 48207

42.6 Median Age

Average Household Size

1.7
persons per
household

11%

Married Households

Community Population By Education

Some College 23%
High School Graduate 21%
Graduate Degree 20%
Bachelors Degree 18%
Some High School 10%
Associates Degree 8%
Of the total people surveyed, the most prevalent educational attainment level is Some College, representing 22.81% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
12.5% of households have children

Weather
for Detroit, MI 48207

The weather for this area ranges from a high of 83° F in July to a low of 18° F in January

83° July
Hottest Average Month
18° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
18°
31°
Feb
20°
34°
Mar
28°
44°
Apr
38°
57°
May
49°
69°
Jun
59°
78°
Jul
64°
83°
Aug
62°
81°
Sep
55°
73°
Oct
44°
61°
Nov
34°
47°
Dec
24°
36°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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