2247 W Philadelphia Street, Detroit, MI 48206

Property Description

Vacant lot in the Virginia Park Community. Close to expressways and Downtown Detroit! This bundle includes 2247 W Philadelphia 2225 W Philadelphia, and 2237 W Philadelphia. Must be sold together. Total price is 17,500. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.

Listing Status:

Active

Date Added:

May 5, 2023 at 05:00AM

Listing Office:

Keller Williams Realty-Great Lakes : 586-541-4000

Listing Agent:

Erick Monzo : 586-808-6436

MLS ID:

60210473

Location

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

Lot

• Zoning: S PHILADELPHIA 115 AUSTINS SUB L30 P45 PLATSW C R 10/106 35 X 128

Utilities

• Water: Public
• Sewer: Public Sanitary

Financial

• Source: MiRealSource

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