Homes for sale - 5140 W CHICAGO, Detroit, MI 48204

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Maria Reyes

maria.reyes@epique.me +1(248) 943-2250

$43,775

Est. payment - /mo

4,791 Sqft Lot

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UPDATED:

10/07/2024 08:22 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Nardin Park Sub (Plats)

MLS Listing ID 20240073361

Originating Board Realcomp II Ltd

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40.00 x 120.00

Property Description

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.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Residential

Direction Livernois South to grand river go east to w. Chicago, go north

Exterior

Waterfront no

Road Frontage Paved

Building

Sewer Sewer at Street

Water Water at Street

Schools

School District Detroit

Others

Tax ID W16I004855S

Ownership Government Owned,Short Sale - No

Acceptable Financing Cash, Quit Claims Deed

Listing Terms Cash, Quit Claims Deed

Financing Cash,Quit Claims Deed

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Listed by Gene Kelley II of Real Estate One-Southfield

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Maria Reyes

+1(248) 943-2250

Co-Owner/Realtor® | License ID: 6501350194

Co-Owner/Realtor® License ID: 6501350194

5140 W CHICAGO Detroit, MI 48204

Maria Reyes

Maria Reyes

Key Details

Location

Exterior

Building

Schools

Others

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