5319 Ivanhoe Street Detroit, MI $ 400,000
5319 Ivanhoe Street
$ 400,000
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5319 Ivanhoe Street

Detroit, MI, 48204
$ 400,000
Baths4.4 Sq 4,000

Monthly Estimate*

$ 2,463

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Studio

Multi-Family Home for sale in Detroit, MI

for $400,000 with 4 full baths, 4 half baths. This 4,000 square foot home was built in 1924 on a lot size of 0.16.

LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT, YOU WILL FIND 5319 IVANHOE NESTLED ON A SPACIOUS 6,795 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF, GUTTERS, TRIM AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. EVERY WINDOW lHAS BEEN UPGRADED WITH TOP OF THE LOW E MAINTENANCE FREE APPOINTMENTS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEW FURNACES AND NEWLY INSTALLED HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING AND BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $4605 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 PERCENT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $150 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

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Multi-Family Active

Price

$ 400,000

Bedrooms

Studio

Full Bath

4

Half Bath

4

Property Type

Multi-Family

Taxes

$ 3,825

Style

Lot Size

0.16

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61002094

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 4
Half Baths 4
Bathrooms 8
Year Built 1924
Subdivision Joseph Tireman MI
County Wayne
Class MULTIFAMILY
Type Multi-Family
Net Income 55260
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Detroit (82001)
Primary City Detroit
Directions Linwood St. Drive About 0.5 Mile Then Turn Right Onto Ivanhoe St Continue Until You Reach 5319 Ivanhoe St.
City Detroit
School District Detroit City School District
Financial Terms Cash Conventional
Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. S IVANHOE 231&230 BLK 10 JOSEPH TIREMANS SUB L28 P22 PLATS
DOM 1
Postal Code 48204
Price Per Sq Ft Total AG 100
Public Remarks LOCATED 6 MINUTES FROM THE HISTORIC BOSTON EDISON DISTRICT YOU WILL FIND 5319 IVANHOE NESTLED ON A SPACIOUS 6
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Interior
Basement Poured
Fireplace? No
Total Number of Units 4
Fuel Type Natural Gas
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Exterior
Lot Size Area 0.16
Lot Dimensions 56.9X120
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Lauryn Johnson

Listing Agent

Kw Domain

Broker

laurynlojo@gmail.com

Email

Affordability Calculator

$2,782
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,463
Monthly Property Taxes
$319
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
759604 Elementary School
760475 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/13/2026$400,000 Listed Price

Map


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5319 Ivanhoe Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $400,000 with 4,000 sqft and a lot size of 0.16. 5319 Ivanhoe Street is a studio with 4.4 baths and was built in 1924. The property's zip code is 48204 which is in Detroit, MI