5406 Ivanhoe Street, Detroit City, MI 48204
SECURITY LAND COS · Wayne County
Key Facts
Description
Great income opportunity to include vacant lot, 5405 Spokane. Great location close to Livernois stretch, shopping, schools, major freeways and more! Home and lot will not be sold separately, NO Exceptions! Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
CommonEntryBuilding / Colonial
Year Built
1923
Living Area
5,550 sq ft
Lot Size
0.12 acres
Lot Dimensions
42.5X120
Days on Market
173
MLS® Listing#
20251060363
Property Features
Cooling
Heating
Basement
Pool
Construction
Foundation
Sewer
Water Source
Financial Details
Assessed Value
$19,950
Parcel Number
W16I002988S
Directions
S. of Joy, E. of Livernois
Affordability Calculator
$7,980
Estimated monthly payment
$212/mo
Principal $31,920 · Est. interest $44,531 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $232,490
- Median Listing Price
- 58
- Median Days on Market
- 1,485
- Median Sq Ft
- $135
- Median Price / Sq Ft
- 14,130
- Active Listings
- This home’s price is 83% below the area median.
- Its price per sq ft is 95% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Detroit City, MI.
Location
Points of Interest in Detroit City, MI
Showing the Detroit City area map.
Nearby Schools
Sampson-Webber Leadership Academy
School · 0.6 mi away
Allen Academy
School · 0.7 mi away
Mosque-El Hagg School
School · 0.9 mi away
Keidan Special Education Center
Elementary · 1.2 mi away
McKerrow School
School · 1.2 mi away
Jamieson Elementary School
Elementary · 1.2 mi away
Barton Elementary School
Elementary · 1.3 mi away
Northwestern High School
Secondary · 1.3 mi away
Munger Elementary-Middle School
Elementary · 1.3 mi away
Brady Elementary School
Elementary · 1.4 mi away
Priest Elementary-Middle School
Elementary · 1.6 mi away
Hope Academy
School · 1.6 mi away
Hope of Detroit Academy Middle/High School
Secondary · 1.6 mi away
Charles R Drew Transition Center
School · 1.6 mi away
Hope of Detroit Academy
School · 1.6 mi away
McDonald Elementary School
Elementary · 1.7 mi away
Mackenzie Elementary-Middle School
Elementary · 1.7 mi away
McMichael Middle School
School · 1.7 mi away
Voyageur Academy
Secondary · 1.7 mi away
Thirkell Elementary-Middle School
Elementary · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5700 TOWNSEND Street, Detroit City, MI | $28,500 | 10 | 6 | 4,112 |
| 3336 Monterey Street, Detroit City, MI | $30,000 | 8 | 4 | 4,908 |
| 247 Midland Street, Highland Park City, MI | $35,000 | 8 | 4 | 3,840 |
| 13449 GREINER Street, Detroit City, MI | $50,000 | 8 | 4 | 3,060 |
| 13505 Greiner Street, Detroit City, MI | $50,000 | 8 | 4 | 3,060 |
Moving Cost Estimate
EXIT Agents in Detroit City
Listing Courtesy: Bellabay Realty Tri Counties - 2482746614
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