5540 Guilford Street, Detroit City, MI 48224
Wayne County
Key Facts
Description
This all-brick property presents a strong opportunity for a savvy investor or handyman looking for their next rehab project. Featuring three bedrooms, one full bathroom, and one half bath, this home offers a functional layout ready for renovation. Built in 1928, the property retains classic character and includes a full basement and a spacious yard, providing additional flexibility for improvements and long-term use.The home is being sold as-is and will require a full rehab due to smoke damage, making it ideal for investors seeking a project with clear value-add potential. Whether your strategy is to renovate and resell or hold as a rental, this property offers a solid foundation to execute your vision. The large yard and brick construction add to its appeal, while the existing layout supports a straightforward renovation plan.Located in an established neighborhood, the property is surrounded by similar homes and ongoing investment activity, supporting long-term upside. This is a great opportunity for those experienced in renovation projects or looking to expand their portfolio with a property that can be transformed through TLC and thoughtful updates.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1928
Stories
1
Living Area
1,169 sq ft
Lot Size
0.16 acres
Lot Dimensions
40x110
MLS® Listing#
81026019543
Property Features
Appliances
Heating
Flooring
Parking
Laundry
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Rooms
- Main
- Main
- KitchenMain
- Living RoomMain
- Master BathroomMain
Financial Details
Annual Taxes
$1,237
Tax year 2025
Assessed Value
$15,595
Parcel Number
21075676
Directions
1. Exit I-94 at exit 223 for M-102 / 8 Mile Road.2. Head East on 8 Mile Road for approximately 1.5 miles.3. Turn South (Right) onto Kelly Road.4. Continue on Kelly Road for roughly 1.3 miles.5. Turn South (Left) onto Whittier Avenue.6. Turn East (Left) onto E. Warren Avenue.7. Turn North (Left) onto Guilford Street.8. The destination, 5540 Guilford Street, will be on your Left (West side of
Affordability Calculator
$12,400
Estimated monthly payment
$330/mo
Principal $49,600 · Est. interest $69,196 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $230,105
- Median Listing Price
- 61
- Median Days on Market
- 1,484
- Median Sq Ft
- $133
- Median Price / Sq Ft
- 13,620
- Active Listings
- This home’s price is 73% below the area median.
- Its price per sq ft is 60% 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
Diann Banks-Williamson Educational Center
School · 0.2 mi away
Angelou Elementary School
Elementary · 0.6 mi away
Marquette Elementary Middle School
Elementary · 0.7 mi away
The Giving Tree Montessori School
Elementary · 0.8 mi away
Dominican High School
Secondary · 0.9 mi away
Winans Academy of Performing Arts
School · 0.9 mi away
Ronald Brown Academy
School · 1.0 mi away
Bethany Lutheran School
School · 1.0 mi away
Brownell Middle School
Secondary · 1.1 mi away
Starr Detroit Academy
School · 1.2 mi away
Distinctive College Prep Harper Woods
Primary School · 1.2 mi away
Tyrone Elementary School
Elementary · 1.4 mi away
Kerby Elementary School
Elementary · 1.4 mi away
Carleton Elementary School
Elementary · 1.4 mi away
Wayne Elementary School
Elementary · 1.4 mi away
Maire Elementary School
Elementary · 1.5 mi away
Monteith Elementary School
Elementary · 1.6 mi away
Richard Elementary School
Elementary · 1.7 mi away
Mathnasium
School · 1.7 mi away
University Liggett School
Secondary School · 1.7 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 |
|---|---|---|---|---|
| 6564 E Michigan Avenue 2, Saline City, MI | $43,500 | 2 | 1 | 565 |
| 953 Savannah River Drive, Adrian City, MI | $44,000 | 2 | 1 | 1,040 |
| 11116 ROSEMARY Street, Detroit City, MI | $44,000 | 4 | 1 | 1,488 |
| 19331 Hoover Street, Detroit City, MI | $44,000 | 2 | 1 | 892 |
| 2035 N US-31 N 2504, Traverse City, MI | $44,500 | 2 | 2 | 1,403 |
| 2740 Packard B8 Street, Ann Arbor City, MI | $44,500 | 2 | 1 | 565 |
Moving Cost Estimate
EXIT Agents in Detroit City
Listing Courtesy: ListWithFreedom.com - 8554564945
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.