Fantastic investment opportunity at 8039 Cahalan St in Detroit's vibrant Vernor-Springwells neighborhood! This .07 acre lot offers potential, zoned R2 for two-family residential use, making it perfect for building a duplex or spacious single-family home. The property is vacant with no structures, providing a clean slate for new development. Located in District 6, this parcel benefits from proximity to local schools, parks, shopping, and easy access to major highways. It's also situated within the Vernor-Springwells Neighborhood Enterprise Zone (H128), offering potential tax incentives for new builds. The property is a fantastic low-cost entry into Detroit's thriving real estate market. Whether you're an investor or builder, this land is a prime spot to create a valuable asset in a growing community. Don't miss this chance to invest in Detroit's exciting resurgence.
Property Details
Property Features
Listing Office:
Office Name: Continental Real Estate Group, Inc
Office Phone: (877) 996-5728
Listing Agent: Derek Eisenberg
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Other
Directions Information:
Directions: I-80 W. Drive to Springwells St in Detroit. Take exit 45 from I-75 N. Follow Springwells St to Cahalan St
Price Information
Listing Price Info
Price Summary:
List Price: $55,000
Tax Information:
Annual Amount: $38
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $30K 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: #20240078444
Listing Office:
Office Name: Continental Real Estate Group, Inc
Office Phone: (877) 996-5728
Listing Agent: Derek Eisenberg
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Salina Intermediate School
2623 Salina St
Distance between this listing and this school1.18 miles
Public District Grades 4-8
4
/10
Salina Elementary School
2700 Ferney St
Distance between this listing and this school1.25 miles
Public District Grades PK-3
1
/10
Cesar Chavez Academy Intermediate School
4100 Martin St
Distance between this listing and this school1.48 miles
Public Charter Grades 3-5
Nearby Schools
2
/10
Cesar Chavez Middle School
6782 Goldsmith St
Distance between this listing and this school0.57 miles
Public Charter Grades 6-8
2
/10
Escuela Avancemos
3811 Cicotte St
Distance between this listing and this school1.42 miles
Public Charter Grades KG-8
2
/10
Hope of Detroit Academy
4443 N Campbell St
Distance between this listing and this school1.92 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
W-A-Y Academy - Vernor Site
8701 W Vernor Hwy
Distance between this listing and this school0.39 miles
Public Charter Grades 9-12
5
/10
Cesar Chavez High School
1761 Waterman St
Distance between this listing and this school0.62 miles
Public Charter Grades 9-12
3
/10
Universal Academy
4612 Lonyo St
Distance between this listing and this school1.66 miles
The neighbors living near this home have an average income of $48,269. Most Detroit, MI residents have annual incomes between $35k-100k. Most families are married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8039 Cahalan St
What is the listing price of this property?
The listing price of 8039 Cahalan St property is $55,000.
What type of property is this?
The property 8039 Cahalan St is land located in Detroit, Michigan, 48209.
Is this property for sale now?
Active Listing: 8039 Cahalan St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $38 (source: MLS/based on county public records data).
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This home is located at 8039 Cahalan St in Detroit, MI and zip code 48209 in the Springwells neighborhood. This home sits on a 0.07 acre lot. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $55,000.
Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market 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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