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1163 Chestnut Street, Pontiac, MI 48342

Local realty services provided by:CENTURY 21 Dynamic Realty
1163 Chestnut Street,Pontiac, MI 48342
$2,330,000
  • 5.58 Acres
  • Lots / Land
  • Active
Listed by: nahed yousif
Office: brookstone, realtors llc.
MLS#:20251035265
Source:MI_REALCOMP

Price summary

  • Price:$2,330,000

About this home

Attention investors and developers: this is the opportunity you’ve been waiting for! Located just 5 minutes from Oakland University, this shovel-ready site requires no variances or rezoning. Zoned for multi-family residential, the approved site plan allows for up to eight 11-unit, 3-story apartment buildings—each with its own garage. Concept drawing is available! With a growing demand for student housing in the area, this is an ideal location to capitalize on a high-demand rental market. Alternatively, take advantage of the flexibility to build and sell the units individually for a more immediate return on investment. Third option, is to sell each unit individually at/around $249,000.00. Price per unit based on maximum density/occupancy of 87/88 units, is approximately $27,100/unit. Price per unit based on minimum density/occupancy is $32,250/unit. Don’t miss your chance to develop a highly desirable income-generating property in a thriving area. Reach out today to schedule a tour and

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Home facts

  • Listing ID #:20251035265
  • Added:135 day(s) ago
  • Updated:January 29, 2026 at 11:02 AM

Structure and exterior

  • Lot area:5.58 Acres

Utilities

  • Water:Public, Water at Street
  • Sewer:Public Sewer, Sewer at Street

Finances and disclosures

  • Price:$2,330,000
  • Tax amount:$745
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