2363 Elmhurst St Detroit, MI 48206

This offering includes two properties, sold together with 2373 Elmhurst, totaling 16,401 square feet. The properties are zoned R3, designated for residential use. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers should consult DLBA proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. All offers must be supported by Proof of Funds, demonstrating funds sufficient to meet or exceed development costs. Note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible with other tax abatements. The 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. See attached documents for DLBA requirements and offer submission information. The properties are located in Detroit, MI 48206, Wayne County.