Price Reduction - Primary on Main
Address
16502 Lilac Street, Detroit, MI
Price
$ 129,000
Property Attributes
- MLS#26040806
- TypeSingle Family
- Listing Status Active
- CountyWAYNE
- CityDetroit
- AreaDetroit City
- NeighborhoodDetroit City
- Zip48221
- StyleSingle Family Residence
- Year Built1928
- Taxes$ 3284
- Price$ 129,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage3049
- Lot Size0.07 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
The property currently generates $1,275/month in rental income, offering an investor the opportunity to purchase a tenant-occupied property with an established rental arrangement. Optionable lot Available - The adjacent lot at 16508 Lilac ST is also available for purchase for $6,500-The buyer has the option to purchase the lot separately or in addition tp 16502 Lilac St, providing an opportunity to acquire additional land next to the investment property.
| Price History | |
|---|---|
| 8/6/2026 | Listed $139,000 |
| 9/5/2026 | 8$129,000 |
General Features
| Sewer | Public |
|---|---|
| Heating | Forced Air,Hot Water |
| Cooling | Window Unit(s) |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Construction Materials | Brick,Vinyl Siding |
| Year Built | 1928 |
| Stories Count | 2 |
| Township | Detroit City |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Private Owned |
| County | Wayne |
| New Construction | No |
| Property Type | Residential |
| Subdivision Name | The Garden Add |
| Garage Y/N | No |
| Total Rooms | 5 |
| Full Baths | 1 |
| Status | Active |
| City | Detroit |
| High School District | Detroit |
| Lot Size Units | Acres |
| Lot Size Square Feet | 3049.0 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 3284.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 16790 |
| MobileHomeRemainsYN | No |
| Legal Description | E LILAC 311 GARDEN ADDITION L13 P90 PLATS,W C R 16/305 30 X 100 |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Wood |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Laundry Features | In Basement |
| Total Bedrooms | 3 |
| Below Grade Finished Area | 572.0 |
| Total Baths | 1 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 0.07 |
| Spa | No |
| Building Area Total | 1144.0 |
| Lot Dimensions | 311 |
| Lot Size Acres | 0.07 |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 48221
Price
Taxes
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 24, 2026 12:46 PM UTC
