28
See all 28 photos
$18,000
Est. payment /mo
3 Beds
1 Bath
1,172 SqFt
New
1544 W Philadelphia ST Detroit, MI 48206
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Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Active
Purchase Type For Sale
Square Footage 1,172 sqft
Price per Sqft $15
Subdivision Home Sub
MLS Listing ID 20261058296
Style Colonial
Bedrooms 3
Full Baths 1
Year Built 1915
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type SingleFamilyResidence
Property Description
Detroit Land Bank Authority opportunity in the sought-after Virginia Park neighborhood! This historic home is ready for a complete renovation and offers endless potential for investors, developers, or owner-occupants looking to restore a classic Detroit property. Ideally located just minutes from New Center, Midtown, the Motown Museum, Henry Ford Hospital, Wayne State University, and Downtown Detroit. The surrounding area continues to experience significant residential redevelopment, new investment, and neighborhood revitalization while maintaining its historic character. Convenient access to major freeways, public transit, parks, dining, shopping, and cultural attractions makes this an exceptional opportunity to invest in one of Detroit's growing communities. Purchaser to comply with all Detroit Land Bank Authority requirements. Sold as-is.
Located in an area experiencing continued residential investment and revitalization Purchaser to verify all
measurements, zoning, and development requirements. DLBA Disclosure: DLBA 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 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 abatement on the purchase and
development financing.
Located in an area experiencing continued residential investment and revitalization Purchaser to verify all
measurements, zoning, and development requirements. DLBA Disclosure: DLBA 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 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 abatement on the purchase and
development financing.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement Unfinished
Interior
Heating Hot Water, Natural Gas
Fireplace No
Exterior
Parking Features NoGarage
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition RealEstateOwned, ShortSaleNo
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
NEARBY SCHOOL & BUSINESS
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