2950 LAKEWOOD Street Detroit, MI ^$ 99,999

2950 LAKEWOOD Street

^$ 99,999

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2950 LAKEWOOD Street

Detroit, MI, 48215

^$ 99,999

Studio Baths2.0 Sq 2,844

Monthly Estimate*

^$ 624

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Studio

Multi-Family Home for sale in Detroit, MI

for $99,999 with 2 full baths. This 2,844 square foot home was built in 1923 on a lot size of 0.14.

Welcome to 2950/2952 Lakewood Street, situated in Detroit's Garden Heights Subdivision, conveniently located between Mack Avenue and Charlevoix Street. This owner-occupied duplex multifamily property features 3 bedrooms and 1 bath in both the upstairs and downstairs units. As an attractive investment opportunity, this property is being offered for sale in its current condition, presenting potential for rental income and value appreciation. Explore the possibilities of renovating and renting out both units or making improvements for future resale. Located in a prime area, this property is poised for success in the rental market. Schedule a showing today to learn more about this exciting investment opportunity.

Multi-Family Pending

Price

^$ 99,999

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,443

Style

Lot Size

0.14

Year Built

1923

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60374251

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Pending Pending

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1923

Subdivision GARDEN HEIGHTS (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions Take Jefferson Ave to Lakewood St in Detroit then head north to 2950 located between Mack Ave and Charlevoix St.

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional FHA 203K

Legal Description E LAKEWOOD 84 GARDEN HEIGHTS SUB L30 P58 PLATS W C R 21/399 40 X 153.92

DOM 16

Postal Code 48215

Price Per Sq Ft Total AG 35.16

Public Remarks Welcome to 2950/2952 Lakewood Street situated in Detroit's Garden Heights Subdivision

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.14

Lot Dimensions 40.00 x 154.00

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Kevin Mahone

Listing Agent

Keller Williams Realty-Great Lakes

Broker

themahonegroup@gmail.com

Affordability Calculator

$827

Per Month

Monthly Principal & Interest: $624
Monthly Property Taxes: $204
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$237,305

Percent of Sale Price 137%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/5/2025	$99,999		Listed Price

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2950 LAKEWOOD Street, Detroit, MI, 48215 is a Multi-Family Home for sale at $99,999 with 2,844 sqft and a lot size of 0.14. 2950 LAKEWOOD Street is a studio with 2.0 baths and was built in 1923. The property's zip code is 48215 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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2950 LAKEWOOD Street

Multi-Family Home for sale in Detroit, MI

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