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 Details
Property Features
Listing Office:
Office Name: Real Estate One-Southfield
Office Phone: (248) 723-0055
Listing Agent: Gene Kelley II
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Other
Directions Information:
Directions: Livernois South to grand river go east to w. Chicago, go north
Price Information
Listing Price Info
Price Summary:
List Price: $43,775
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $41.2K less than the Median Sold Price in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240073361
Listing Office:
Office Name: Real Estate One-Southfield
Office Phone: (248) 723-0055
Listing Agent: Gene Kelley II
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
Barton Elementary School
8530 Joy Rd
Distance between this listing and this school1.26 miles
Public District Grades KG-5
5
/10
McDonald Elementary School
10151 Diversey St
Distance between this listing and this school1.98 miles
Public District Grades PK-5
2
/10
University Preparatory Art Design Elementary School
10225 3rd St
Distance between this listing and this school2.39 miles
Public Charter Grades KG-5
Nearby Schools
2
/10
Hope Academy
12121 Broadstreet Ave
Distance between this listing and this school0.73 miles
Public Charter Grades PK-8
1
/10
Sampson-Webber Leadership Academy
4700 Tireman St
Distance between this listing and this school1.26 miles
Public District Grades PK-8
1
/10
Mackenzie Elementary-Middle School
10147 W Chicago
Distance between this listing and this school1.41 miles
Public District Grades PK-8
Nearby Schools
1
/10
Central Academy and High School
2425 Tuxedo St
Distance between this listing and this school1.47 miles
Public District Grades 9-12
3
/10
Northwestern High School
2200 W Grand Blvd
Distance between this listing and this school1.68 miles
Public District Grades 9-12
5
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school2.25 miles
The neighbors living near this home have an average income of $15,000. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5140 W Chicago
What is the listing price of this property?
The listing price of 5140 W Chicago property is $43,775.
What type of property is this?
The property 5140 W Chicago is land located in Detroit, Michigan, 48204.
Is this property for sale now?
Active Listing: 5140 W Chicago is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 5140 W Chicago in Detroit, MI and zip code 48204 in the Winterhalter neighborhood. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $43,775.
While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. 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.
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. 
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