5117 University Place Detroit, MI ^$ 49,990

5117 University Place

^$ 49,990

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5117 University Place

Detroit, MI, 48224

^$ 49,990

Bedrooms3 Baths1.0 Sq 1,336

Monthly Estimate*

^$ 308

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Single Family Home for sale in Detroit, MI

for $49,990 with 3 bedrooms and 1 full bath. This 1,336 square foot home was built in 1937 on a lot size of 0.15.

Investor special in Cornerstone Village with strong upside - this 3-bedroom, 1-bath home offers over 1,300 sq ft and sits in a desirable East Detroit neighborhood with solid comparable sales supporting an estimated ARV in the mid $100's. The property has fire damage and will require a full rehab but features a solid foundation, making it an ideal project for investors looking to add value. Highlights include a spacious layout and a large detached garage that was not affected by the fire, adding strong appeal for future resale or rental potential. Located in a well-established area surrounded by maintained homes and ongoing renovations, this is a prime opportunity to capitalize on continued demand. Cash or renovation financing only; property sold as-is. BATVAI

Single Family Active

Price

^$ 49,990

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 1,974

Style

Bungalow

Lot Size

0.15

Year Built

1937

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60981272

Features

General

Heating Forced Air

Kitchen Level Entry

Possession At Close

Garage Detached Garage

Water Public Water

Status Active Active

Full Baths 1

Half Baths 0

Bathrooms 1

Year Built 1937

Subdivision Farmbrook 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 Head south on I-75 S (or Van Dyke Ave S) Merge onto I-94 E Take exit 224 for Cadieux Rd Turn right on Cadieux Rd heading south Turn right on University Pl Property is on the left - 5117 University P

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description W UNIVERSITY PL 10 FARMBROOK SUB L51 P79 PLATS W C R 21/849 50 X 133.69

DOM 1

Postal Code 48224

Price Per Sq Ft Total AG 37.42

Public Remarks Investor special in Cornerstone Village with strong upside - this 3-bedroom 1-bath home offers over 1

Interior

Basement Unfinished

Bedroom 3 Level Entry

Bedroom 1 Level Second

Bedroom 2 Level Entry

Beds 3

Fireplace? No

Total Rooms 5

Exterior

Exterior Brick

Frontage 30

Lot Size Area 0.15

Pool (Y/N) No

Lot Dimensions 50X133.69

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Jordan White

Listing Agent

Exp Realty Main

Broker

jnwhite5813@gmail.com

Affordability Calculator

$472

Per Month

Monthly Principal & Interest: $308
Monthly Property Taxes: $165
Monthly Home Insurance: --

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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

Trends
Schools

Single family listings in Detroit, MI

Average List Price ^$129,410

Percent of Sale Price 159%

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
4/6/2026	$49,990		Listed Price

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5117 University Place, Detroit, MI, 48224 is a Single Family Home for sale at $49,990 with 1,336 sqft and a lot size of 0.15. 5117 University Place has 3 bedrooms, 1.0 baths, and was built in 1937. 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 6.25% 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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5117 University Place

Single Family Home for sale in Detroit, MI

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