$59,000

16503 Ohio Street, Detroit, MI 48221

4 beds |
2 baths |
2,154 sqft

Single-Family Home
Built in 1928
3,920sqft lot
2 car garage
$27/sqft
Listed 1 month ago

Property Description

4 Bed Brick Bungalow in the Opportunity in Fitzgerald/Marygrove Neighborhood â€“ Detroit Land Bank Owned Fantastic opportunity to restore this 4 Bed Brick Bungalow property in the Fitzgerald/Marygrove neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.

Listing Status:: Active
Date Added:: September 27, 2025 at 05:00AM
Listing Office:: Keller Williams Realty-Great Lakes : 586-541-4000
Listing Agent:: Erick Monzo : 586-808-6436
MLS ID:: 60940319

Basement: Unfinished
Heating: Natural GasForced Air

Style: Bungalow
Parking: Parking spaces: 2

General: BrickOne and One HalfBasement

Road/Access: Paved
Originating MLS: MiRealSource
School District: Detroit City School District
County: Wayne

Zoning: W OHIO 315 PURITAN HEIGHTS SUB L34 P60 PLATSW C R 16/302 35 X 114

Water: Public

Source: MiRealSource

This listing courtesy of Erick Monzo, Keller Williams Realty-Great Lakes

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Mary McLeod Bethune Elementary-Middle School

8145 Puritan St, Detroit, MI, 48238

Grades PK-8

0.31 miles away

Mary McLeod Bethune Elementary-Middle School

8145 Puritan St, Detroit, MI, 48238

Grades PK-8

0.31 miles away

The School at Marygrove

8425 W McNichols Rd, Detroit, MI, 48221

Grades 9-12

0.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.