27 days on rocket

5511 Drexel St, Detroit, MI, 48213

$35,000

Home List Price

$416*

Closing Credit

2 Full Baths
1,985 SqFt
$18/SqFt
Multi

Location

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5511 Drexel St, Detroit$35,000

Buyer Closing Credits

$416*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1929
HeatingForced Air, Natural Gas
BasementYes
MLS #20240089735
Lot Size0.08 Acres
StatusActive

About 5511 Drexel St

Investor's Special: Duplex with Tons of Potential! This duplex offers a unique opportunity for investors or seasoned renovators looking for a project. Located in a prime area, this property is ready to be brought back to life with some much-needed work, updates and tlc. Both units in this spacious duplex feature functional layouts and a solid foundation, making it an ideal candidate for a full renovation. The building offers potential for great rental income once fully updated. Whether you're looking to fix it up and flip it, or hold it for long-term rental potential, this property has great bones. The property is priced accordingly to reflect the necessary repairs and upgrades. With the right vision, it could become a fantastic investment. This property won’t last long! Bring your tools, your vision, and turn this diamond in the rough into a real gem. Schedule a showing today! BATVAI

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex, UpperLowerApartment
  • Year Built: 1929
  • Living Area: 1,985 SqFt

Listing Office:

  • Office Name: Century 21 Curran & Oberski
  • Office Phone: (313) 274-7200
  • Listing Agent: Theodora Brown

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: S of Chandler Park Dr/E of Dickerson Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $35,000
  • Price Per SqFt: $18/SqFt

Tax Information:

  • Annual Amount: $497
  • Tax Year: 2021
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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

$85.9K

Med. Price/SqFt

$68

Avg. Days On Market

46

# of Sold Homes

390

5511 Drexel St vs Detroit

27 DAYS ON ROCKET

-19 Days

$35,000

-$50.9K Less

$18/SqFt

-$51 Less

KEY TAKEAWAY

This property is $50.9K less than the Median Sold Price and $51/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: #20240089735

Listing Office:

  • Office Name: Century 21 Curran & Oberski
  • Office Phone: (313) 274-7200
  • Listing Agent: Theodora Brown

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 © 2025 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: 1/3/2025, 4:21:01 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$497$6,460
2020$893$8,100
2018$893$6,400
2017$901$6,400

History based on county public records data.

Payment Calculator

$242

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$171

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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-153038
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.44 miles

  • Public District Grades PK-5

school-card-donut-153039
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.56 miles

  • Public Charter Grades KG-5

school-card-donut-153040
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.81 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,300. Typical income of Detroit, MI residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48213›5511 Drexel St

This home is located at 5511 Drexel St in Detroit, MI and zip code 48213 in the Chandler Park neighborhood. This 1,985 square foot home, which was built in 1929, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $35,000.

In December 2024 more than 91 listings in Detroit, MI were sold above the asking price. During the same period more than 68 listings were sold at asking price, while more than 231 were sold below. Between November 2024 and December 2024, Detroit, MI real estate market has seen increase in the number of listings by 0.2%. In December 2024 median list price was $85,917 and the average listing age was 46 days.

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

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