5140 W CHICAGO, Detroit City, MI 48204
NARDIN PARK SUB (PLATS) · Wayne County
Key Facts
Description
Welcome to the latest offering from the Detroit Land Bank Authority. 4 buildable lots located in the Nardin Park community. Over 19,000 sqft. of space ready for your designs and your ideas. Sale includes 5150, 5156, 5164 W. Chicago. Sidewalks require repair and may become the responsibility of potential purchaser. The DLBA is seeking proposals for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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/or 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. Please refer to DLBA proposal guidelines.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
0.11 acres
Lot Dimensions
40.00 x 120.00
Days on Market
575
MLS® Listing#
20240073361
Property Features
- Cooling:
- None
- Heating:
- None
- Utilities:
- Sewer Available, Water Available
HOA & Tax
- HOA:
- None
- Parcel #:
- W16I004855S
Directions
Livernois South to grand river go east to w. Chicago, go north
Affordability Calculator
$8,755
Estimated monthly payment
$233/mo
Principal $35,020 · Est. interest $48,856 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $231,784
- Median Listing Price
- 81
- Median Days on Market
- 1,425
- Median Sq Ft
- $146
- Median Price / Sq Ft
- 13,948
- Active Listings
- This home’s price is 81% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Detroit City, MI.
Location
- 5140 W CHICAGO, Detroit City, MI 48204
Nearby Schools
McKerrow School
School · 0.3 mi away
Keidan Special Education Center
Elementary · 0.4 mi away
Mosque-El Hagg School
School · 0.6 mi away
Hope Academy
School · 0.8 mi away
Allen Academy
School · 0.8 mi away
Brady Elementary School
Elementary · 1.1 mi away
Jamieson Elementary School
Elementary · 1.2 mi away
Sampson-Webber Leadership Academy
School · 1.3 mi away
Charles R Drew Transition Center
School · 1.3 mi away
Barton Elementary School
Elementary · 1.3 mi away
Mackenzie Elementary-Middle School
Elementary · 1.4 mi away
Durfee Elementary Middle School
Elementary · 1.4 mi away
Noble Elementary-Middle School
Elementary · 1.5 mi away
Central High School
Secondary · 1.5 mi away
Stewart Elementary School
Elementary · 1.5 mi away
Northwestern High School
Secondary · 1.7 mi away
Flagship Charter Academy
School · 1.8 mi away
Commonwealth Community Dev Academy
School · 1.8 mi away
National Heritage Academies
Elementary · 1.8 mi away
Thirkell Elementary-Middle School
Elementary · 1.8 mi away
Commute Calculator
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EXIT Agents in Detroit City
Listing Courtesy: Real Estate One-Southfield - 2487230055
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