5217 Lakeview Street Detroit, MI $ 184,900
5217 Lakeview Street
$ 184,900
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5217 Lakeview Street

Detroit, MI, 48213
$ 184,900
Bedrooms2 Baths2.0 Sq 1,680

Monthly Estimate*

$ 1,167

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Multi-Family Home for sale in Detroit, MI

for $184,900 with 2 bedrooms and 2 full baths. This 1,680 square foot home was built in 1928 on a lot size of 0.09.

Attention Investors! Savvy real estate investors understand that long-term appreciation often follows major public and private investment. This recently renovated duplex is ideally situated just steps from the 200-acre Chandler Park, which is home to the 14 Million Chandler Park Fieldhouse, and near the transformative redevelopment of the 52-acre Villages at Parkside community, where Detroit Housing has partnered on a significant neighborhood revitalization project. Extensively updated both inside and out, this turnkey, low-maintenance duplex offers an outstanding opportunity to enter or expand your portfolio in one of Detroit's emerging investment corridors. With the major improvements already completed, you can avoid costly renovations and begin generating rental income immediately while positioning yourself to benefit from the area's continued growth and redevelopment. Whether you're a first-time investor or an experienced landlord, this income-producing property offers strong upside potential in a rapidly evolving market.

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Multi-Family Active

Price

$ 184,900

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,027

Style

Bungalow

Lot Size

0.09

Year Built

1928

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261048147

Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Bungalow
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1928
Levels OneAndOneHalf
Property Subtype MultiFamily
County Wayne
Net Operating Income 8943.0
Operating Expense 4857.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name PLAT OF ALFRED F STEINERS PARK SUB
Garage Y/N N
Rent Includes Sewer Water
Full Baths 2
Status Active
Directions Dickerson to Frankfort to Lakeview to address
City DetroitCity_Wayne
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area05055DetConMorsGratHstn7Mack
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 2027.0
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 20300
Expected Active Date 2026-07-07
Legal Description W LAKEVIEW 87 PLAT OF ALFRED F STEINERS PARK SUB L40 P61 PLATS W C R 21/630 40 X 101.5
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1680.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public WateratStreet
Foundation Details Basement Block
Spa N
Lot Dimensions 40X101.5
Lot Size Acres 0.09
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 5217
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* Excluded Features
List By
Danny Peterson

Listing Agent

Exp Realty Main

Broker

(810) 423-6669

Phone

Affordability Calculator

$1,336
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,167
Monthly Property Taxes
$169
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
7/8/2026$184,900 Listed Price

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5217 Lakeview Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $184,900 with 1,680 sqft and a lot size of 0.09. 5217 Lakeview Street has 2 bedrooms, 2.0 baths, and was built in 1928. The property's zip code is 48213 which is in Detroit, MI