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About This Home
This land at 5140 W CHICAGO in Detroit, MI is listed for $43,775 (0.11 acres).
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.
Key Features
- 0.11 acre lot
Location
5140 W CHICAGO
Detroit, MI 48204
NARDIN PARK SUB (PLATS)
Questions & Answers
This 0-bedroom, 0-bathroom land at 5140 W CHICAGO is listed at $43,775. The estimated monthly payment is $190 based on 20% down at 6.5% interest.
Key features include: 0.11 acre lot.
This property is listed by Gene Kelley II and can be reached at 2487230055 or kelleygroup17@gmail.com.
