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About This Home
This 3-bedroom, 1-bathroom single family at 5776 Lakeview Street in Detroit, MI is listed for $12,500 ($10 per sqft). Built in 1927, the home offers 1,299 sqft of living space on a N/A lot.
Welcome to the latest offering from the Detroit Land Bank Authority. This 3 bedroom brick colonial is being offered in the historic Chandler Park community. This home needs a full rehab but once complete will make a very good investment. Be advised that this home also includes vacant lots located at 5782 and 5790 Lakeview for an additional 8000 sqft.
of buildable space. 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
- Built in 1927
- 2 stories
Property Details
Monthly Cost Estimate
$67/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5776 Lakeview Street
Detroit, MI 48213
Plat Of Alfred F Steiners Park Sub
Property Details
Construction
Heating
Questions & Answers
This 3-bedroom, 1-bathroom single family at 5776 Lakeview Street is listed at $12,500 ($10/sqft). The estimated monthly payment is $54 based on 20% down at 6.5% interest.
Key features include: Built in 1927, 2 stories.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700 or kelleygroup17@gmail.com.
