5540 Guilford Street Detroit, MI $ 62,000
5540 Guilford Street
$ 62,000
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5540 Guilford Street

Detroit, MI, 48224
$ 62,000
Bedrooms3 Baths1.1 Sq 1,169

Monthly Estimate*

$ 382

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Single Family Home for sale in Detroit, MI

for $62,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,169 square foot home was built in 1928 on a lot size of 0.16.

This all-brick property presents a strong opportunity for a savvy investor or handyman looking for their next rehab project. Featuring three bedrooms, one full bathroom, and one half bath, this home offers a functional layout ready for renovation. Built in 1928, the property retains classic character and includes a full basement and a spacious yard, providing additional flexibility for improvements and long-term use. The home is being sold as-is and will require a full rehab due to smoke damage, making it ideal for investors seeking a project with clear value-add potential. Whether your strategy is to renovate and resell or hold as a rental, this property offers a solid foundation to execute your vision. The large yard and brick construction add to its appeal, while the existing layout supports a straightforward renovation plan. Located in an established neighborhood, the property is surrounded by similar homes and ongoing investment activity, supporting long-term upside. This is a great opportunity for those experienced in renovation projects or looking to expand their portfolio with a property that can be transformed through TLC and thoughtful updates.

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Single Family Active

Price

$ 62,000

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 1,236

Style

Ranch

Lot Size

0.16

Year Built

1928

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

26019543

Features
General
Sewer Public
Heating Hot Water
Possession Close Of Escrow
Roof Other
HOA Fee 0.0
Architectural Style Ranch
Construction Materials Brick
Year Built 1928
Stories Count 1
Township Detroit City
Property Subtype Single Family Residence
Tax Year 2025
County Wayne
New Construction N
Property Type Residential
HOA N
Garage Y/N N
Total Rooms 6
Full Baths 1
Status Active
Directions 1. Exit I-94 at exit 223 for M-102 / 8 Mile Road. 2. Head East on 8 Mile Road for approximately 1.5 miles. 3. Turn South (Right) onto Kelly Road. 4. Continue on Kelly Road for roughly 1.3 miles.
City Detroit
High School District Detroit
Lot Size Units Acres
Lot Size Square Feet 6970.0
Carport Y/N N
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 1236.79
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 15595
Legal Description E GUILFORD 158 GROSSE PTE HIGHLANDS SUB L36 P61 PLATS W C R 21/814 60 X 114.46
Senior Community None
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Interior
Basement Other
Flooring Tile Vinyl Wood
Total Fireplaces 1
Heating Y/N Y
Fireplace Y/N Y
Half Baths 1
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 0.0
Main Level Bedrooms 3
Total Baths 2
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Exterior
Lot Features Level
Water Source Public
Lot Size Area 0.16
Spa N
Building Area Total 1169.0
Lot Dimensions 40x110
Lot Size Acres 0.16
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5540
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* Excluded Features
List By
Listwithfreedom.Com

Broker

CCampbell@ListWithFreedom.com

Email

Affordability Calculator

$485
Per Month
79%
21%
0%
Monthly Principal & Interest
$382
Monthly Property Taxes
$103
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
3706345 Elementary School
3706341 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2026$62,000 Listed Price

Map


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5540 Guilford Street, Detroit, MI, 48224 is a Single Family Home for sale at $62,000 with 1,169 sqft and a lot size of 0.16. 5540 Guilford Street has 3 bedrooms, 1.1 baths, and was built in 1928. The property's zip code is 48224 which is in Detroit, MI