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5569 Drexel Street Detroit, MI $ 175,000
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5569 Drexel Street
$ 175,000
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5569 Drexel Street

Detroit, MI, 48213
$ 175,000
Baths2.0 Sq 2,986

Monthly Estimate*

$ 1,078

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Studio

Multi-Family Home for sale in Detroit, MI

for $175,000 with 2 full baths. This 2,986 square foot home was built in 1928 on a lot size of 0.08.

REDUCED! LOCATED 4 MINUTES FROM THE HISTORIC INDIAN VILLAGE, YOU WILL FIND 5569 DREXEL NESTLED ON A 3,833 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW 40 YEAR ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. EVERY WINDOW IN THIS COMPOUND IS BRAND NEW AND SHE HAS BEEN UPGRADED WITH NEW FURNACES, NEW ELECTRICAL, NEW PLUMBING AND HOT WATER TANKS TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 YEAR SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $2491 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

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Multi-Family Active

Price

$ 175,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,168

Style

Bungalow

Lot Size

0.08

Year Built

1928

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261007812
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Bungalow
Pool Features None
Construction Materials Brick
Pets Allowed Call
Year Built 1928
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 29892.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name PARKSIDE MANOR
Garage Y/N N
Full Baths 2
Status Active
Directions I-94 TO CONNER AVE SOUTH ON CONNER AVE TO E WARREN AVE EAST ON E WARREN AVE TO DICKERSON ST SOUTH ON DICKERSON ST TO DREXEL ST EAST ON DREXEL ST TO PROPERTY.
City DetroitCity_Wayne
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05041Det68GrfldDequindre
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 2168.0
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 24600
Expected Active Date 2026-02-06
Legal Description W DREXEL 277 & 1/2 OF VAC ALLEY ADJ PARKSIDE MANOR SUB L45 P53 PLATS W C R 21/675 35 X 109
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Interior
Basement Finished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1981.0
Half Baths 0
Below Grade Finished Area 1005.0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 35X100
Lot Size Acres 0.08
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 5569
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* Excluded Features
List By
Lauryn Johnson

Listing Agent

Kw Domain

Broker

(248) 207-2994

Phone

Affordability Calculator

$1,258
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,078
Monthly Property Taxes
$181
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
2/14/2026$175,000 -12.50% Price Down
2/6/2026$200,000 Listed Price

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5569 Drexel Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $175,000 with 2,986 sqft and a lot size of 0.08. 5569 Drexel Street is a studio with 2.0 baths and was built in 1928. The property's zip code is 48213 which is in Detroit, MI

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