Detroit Land Infill Build
3743 EDISON Street Detroit, MI 48206
3743 EDISON Street, Detroit, MI, 48206
$60,000
For Sale
$60,000
LAND - Detroit, MI
Lot Size0.10 Acres
Days on Market828
Property Features for 3743 EDISON Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active
- APN
- 1400348991
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- S EDISON 99 MC QUADES DEXTER BLVD SUB L35 P5 PLATS, W C R 14/184 ALSO W 41 FT OF E 239 FT OF N 50 FT OF 1/4 SEC 32, TTAT LYG W & ADJ DEXTER S & ADJ SD LOT 14/--- 41 X 111
Utilities
- Water source
- Public
Listing agency
Bellabay Realty Tri Counties
(248) 274-6614
Listed by
Natasha C Richards · License #6502385914
(248) 274-6614
Added: Apr 16, 2024 Updated: May 13 at 3:30AM Checked: Jul 22 at 4:06PM
MLS# 20240024517
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Investment Insights
Based on property information with market context.
This sale presents an opportunity for new infill construction across six lots located on Edison Street in Detroit, Michigan. The specific lot numbers included in the sale are 3743, 3751, 3761, 3767, 3775, and 3785. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development projects aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability in the area. Prospective buyers are encouraged to consult the DLBA's proposal guidelines for new build opportunities. Additionally, the DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department to gain additional context about the neighborhood. The total lot size is approximately 0.1 acres. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Key Highlights
- Six contiguous lots included, offering a substantial development opportunity.
- Infill build opportunity aimed at increasing housing supply.
- Aligned with the Detroit Land Bank Authority's (DLBA) goals.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
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FAQs
What type of property is this?
Residential land & home lot - Six residential lots for infill development in Detroit, Michigan.
Where is this residential land & home lot located?
The property is located at 3743 EDISON Street Detroit, MI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Six contiguous lots included, offering a substantial development opportunity.; Infill build opportunity aimed at increasing housing supply.; Aligned with the Detroit Land Bank Authority's (DLBA) goals.