5981 University Place Detroit, MI ^$ 79,000

5981 University Place

^$ 79,000

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5981 University Place

Detroit, MI, 48224

^$ 79,000

Bedrooms3 Baths1.0 Sq 964

Monthly Estimate*

^$ 493

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Single Family Home for sale in Detroit, MI

for $79,000 with 3 bedrooms and 1 full bath. This 964 square foot home was built in 1948 on a lot size of 0.12.

Great investment opportunity at 5981 University Pl, Detroit, MI! This tenant-occupied home, currently on Section?8, generates $995/month in steady rental income and offers solid long-term potential. Inside, you'll find a warm and inviting layout with hardwood floors, generous natural light, and charming vintage details. Located in a well-connected Detroit neighborhood close to schools, parks, shopping, and public transportation, it's perfect for both investors seeking reliable cash flow and buyers considering occupancy after lease end. Showings by appointment only with accepted offer. Buyer's agent to verify all information.

Single Family Active

Price

^$ 79,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 2,954

Style

Bungalow

Lot Size

0.12

Year Built

1948

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60914763

Features

General

Heating Forced Air

Possession Rental Agreement

Garage Detached Garage

Water Public Water

Status Active Active

Full Baths 1

Half Baths 0

Bathrooms 1

Year Built 1948

Subdivision Lodewyck 1 MI

Style Bungalow

County Wayne

Class RESIDENTIAL

Type Single Family

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 1 1/2 Story

Area Detroit (82001)

Primary City Detroit

Directions Turn right on Chandler Park Dr onto University Pl

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description W UNIVERSITY PL 127 LODEWYCK SUB NO 1 L53 P26 PLATS W C R 21/866 40 X 133.38A

DOM 133

Postal Code 48224

Price Per Sq Ft Total AG 81.95

Public Remarks Great investment opportunity at 5981 University Pl Detroit MI! This tenant-occupied home currently on Section?8

Interior

Basement Unfinished

Bedroom 3 Level Entry

Bedroom 1 Level Second

Bedroom 2 Level Entry

Beds 3

Fireplace? No

Total Rooms 4

Exterior

Exterior Brick

Exterior Amenities Porch

Frontage 40

Lot Size Area 0.12

Pool (Y/N) No

Lot Dimensions 40X133.38

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Arianna Lee

Listing Agent

National Realty Centers, Inc

Broker

Ariannaleerealty@yahoo.com

Affordability Calculator

$739

Per Month

Monthly Principal & Interest: $493
Monthly Property Taxes: $246
Monthly Home Insurance: --

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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

Single family listings in Detroit, MI

Average List Price ^$128,300

Percent of Sale Price 62%

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
11/5/2025	$79,000	-11.24%	Price Down
8/28/2025	$89,000	-5.32%	Price Down
7/1/2025	$94,000		Listed Price

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5981 University Place, Detroit, MI, 48224 is a Single Family Home for sale at $79,000 with 964 sqft and a lot size of 0.12. 5981 University Place has 3 bedrooms, 1.0 baths, and was built in 1948. The property's zip code is 48224 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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5981 University Place

Single Family Home for sale in Detroit, MI

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