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5981 University Place Detroit, MI $ 79,000
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$ 79,000 Get more info
5981 University Place
$ 79,000
Back to search
Share Save

5981 University Place

Detroit, MI, 48224
$ 79,000
Bedrooms3 Baths1.0 Sq 964

Monthly Estimate*

$ 486

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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.

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Single Family Active

Price

$ 79,000

Bedrooms

3

Full Bath

1

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

20251013249
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession RentalAgreement
Garage Spaces 2.0
Patio/Porch Features Porch
Architectural Style Bungalow
Pool Features None
Construction Materials Brick
Year Built 1948
Levels OneandOneHalf
Property Subtype SingleFamilyResidence
County Wayne
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name LODEWYCK 1
Garage Y/N Y
Total Rooms 3
Full Baths 1
Status Active
Directions Turn right on Chandler Park Dr onto University Pl
City DetroitCity_Wayne
Disclosures TaxesNotHomesteadExempt
Entry Location GroundLevel
Senior Community Y/N N
High School District Detroit
MLS Area Area05055DetConMorsGratHstn7Mack
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2954.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 31395
Expected Active Date 2025-07-03
Legal Description W UNIVERSITY PL 127 LODEWYCK SUB NO 1 L53 P26 PLATS W C R 21/866 40 X 133.38A
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 964.0
Half Baths 0
Laundry Features GasDryerHookup WasherHookup
Total Bedrooms 3
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1
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Exterior
Parking Features TwoCarGarage Detached Driveway
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 40X133.38
Lot Size Acres 0.12
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5981
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* Excluded Features
List By
Arianna Lee

Listing Agent

National Realty Centers, Inc

Broker

(313) 401-9190

Phone

Affordability Calculator

$733
Per Month
66%
34%
0%
Monthly Principal & Interest
$486
Monthly Property Taxes
$246
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/5/2025$79,000 -11.24% Price Down
8/28/2025$89,000 -5.32% Price Down
7/2/2025$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

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