2 months on rocket

5140 W Chicago, Detroit, MI, 48204

$43,775

1 Full Bath
0.11 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
ParkingTwoCarGarage
Garage2 spaces
MLS #20240073361
Lot Size0.11 Acres
StatusActive

About 5140 W Chicago

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

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: TwoCarGarage

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.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

5140 W Chicago vs Detroit

77 DAYS ON ROCKET

+28 Days

$43,775

-$41.2K Less

KEY TAKEAWAY

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

IDXDisclaimer: 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.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 5:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - -

History based on county public records data.

Payment Calculator

$286

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$198

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Rocket Mortgage

NMLS#3030

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.

Nearby Schools

school-card-donut-4406621
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.26 miles

  • Public District Grades KG-5

school-card-donut-4406622
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 1.98 miles

  • Public District Grades PK-5

school-card-donut-4406623
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 2.39 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,000. Most Detroit, MI residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically 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.

How much acreage is this property?

The property 5140 W Chicago is 0.11 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48204›5140 W Chicago

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. Features: 1 bathroom. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $43,775.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. In November 2024 median list price was $85,016 and the average listing age was 49 days.

From Rocket Homes Real Estate and based on county public records data.

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