AS-IS sale. Discover your next profitable venture in the heart of the rapidly revitalizing Pingree Park Area! A community known for its rising property values. This property needs some work, but is a perfect investment property for the hands on landlord that wants to grow their real estate portfolio. ?? Property highlights include: Current Income: Twenty-Four Thousand a year Roomy & Comfortable: Each spacious unit boasts 3 generous bedrooms and 1 full bathroom, perfect for growing families or young professionals. Newer roof, newer boiler, and hot water tank, plus fully updated plumbing and electrical systems, ensuring peace of mind and minimal future expenses. ?? Area features include: Vibrant Community: Become part of a thriving neighborhood where blighted and vacant homes are quickly disappearing, replaced with beautifully renovated properties. Prime Location: Conveniently located near Detroit Prep, Indian Village and Eastern Market and public transportation – everything you need is just a stone's throw away. With its high desirability and strong rental income, it presents the perfect blend of stability and growth potential. Don’t miss your chance to invest in Pingree Park’s bright future!
Property Details
Property Features
Property Information:
Architectural Style: Historic
Year Built: 1918
Stories: 3
Living Area: 2,456 SqFt
Listing Office:
Office Name: Historic Realty Detroit
Office Phone: (313) 752-0533
Listing Agent: Jason Hill
Interior Features
Interior Information:
Basement: Yes
Interior: 100 Amp Service
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Fenced
Parking Information:
Parking: Lighted
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Steam
Other
Directions Information:
Directions: Mack to Van Dyke
Price Information
Listing Price Info
Price Summary:
List Price: $115,900
Price Per SqFt: $47/SqFt
Tax Information:
Annual Amount: $1,693
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $30.9K more than the Median Sold Price and $27/SqFt less than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240055475
Listing Office:
Office Name: Historic Realty Detroit
Office Phone: (313) 752-0533
Listing Agent: Jason Hill
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
2
/10
Oakland International Academy Elementary School
4001 Miller St
Distance between this listing and this school1.68 miles
Public Charter Grades 2-4
3
/10
University Preparatory Science and Math Elementary School
2251 Antietam Ave
Distance between this listing and this school2.18 miles
Public Charter Grades KG-5
3
/10
Bridge Academy East
9600 Buffalo St
Distance between this listing and this school2.28 miles
Public Charter Grades PK-5
Nearby Schools
5
/10
Detroit Preparatory
8411 Sylvester St
Distance between this listing and this school0.63 miles
Public Charter Grades KG-8
2
/10
Blackwell Institute
9330 Shoemaker St
Distance between this listing and this school0.93 miles
Public District Grades PK-8
2
/10
Nichols Elementary-Middle School
3000 Burns St
Distance between this listing and this school1.06 miles
Public District Grades PK-8
Nearby Schools
1
/10
Covenant House Academy Detroit East Site
9100 Gratiot Ave Ste 101
Distance between this listing and this school0.85 miles
Public Charter Grades 9-12
3
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.83 miles
Public Magnet Grades 9-12
6
/10
Detroit Edison Public School Academy High School
3402 Saint Aubin St
Distance between this listing and this school2.15 miles
The neighbors living near this home have an average income of $15,000. The most common annual income of people living in Detroit, MI is less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 5095 Van Dyke St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 2,456 square foot home, which was built in 1918, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $115,900.
Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $85,000 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.