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7 Beds
3 Baths
3,976 sqft

$649,900

1243 Lakepointe ST, Grosse Pointe Park MI, 48236

Price per sqft$163.46
Built in1917
Property size3,976 sqft
Property typeResidential

Overview

Active

Updated 2 days ago

Rare opportunity offering the best of both worlds, this exceptional property features an impressive 2,219 square foot, 4 bedroom, 2 bath owner's residence occupying the second and third floors along with a spacious 3 bedroom first floor apartment providing an excellent opportunity for rental income to help offset your monthly housing expenses. Enjoy the space, privacy and comfort of a single family home while benefiting from an income producing property. Unlike purchasing a comparable single family residence, this unique opportunity allows you to have rental income working to reduce your overall cost of ownership. The beautifully renovated owner's suite features a high end, open concept kitchen, spacious primary bedroom with adjoining sitting room, generous living and dining areas and a remodeled bathroom. Ideally located just steps from Grosse Pointe Park's revitalized Kercheval business district, with its outstanding restaurants, caf©s and boutique shops and just a short walk to both Windmill Pointe Park and Patterson Park. Extensive improvements include remodeled kitchens and bathrooms in both units, mini split HVAC system on the second and third floors, replacement windows, updated electrical panels, plumbing and electrical improvements, two high efficiency water heaters, updated flooring and fresh interior paint. Additional features include a detached 2 car garage, driveway parking for three or more vehicles, covered front porches, decorative landscaping and a shared basement recreation and laundry area with separate washers and dryers for each unit. An exceptional opportunity to enjoy the lifestyle of a spacious single family home while letting rental income help pay for it; all in one of Grosse Pointe Park's most desirable locations.

$4,324/mo

Est. mortgage payment based on a $649,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
58050226817

Interior Features

Bedrooms
7
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$12,989
Tax Frequency
Annually
Garage
Yes

 

Courtesy of Shorepointe Real Estate Assoc., Inc.

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Originating MLS:
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Data last updated 9:38 PM UTC, 11/4/2026

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