4257 MOUNT ELLIOTT Street Detroit, MI 48207
- Added:
- Jun 14, 2023
- Days on Market:
- 1026
- Last Refresh:
- Apr 4 at 4:06 am
Property Features for 4257 MOUNT ELLIOTT Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active
- APN
- 13009851.
- Lot size
- 0.07 Acres
Building Details
- Architectural style
- Other
Listing agent Leonard A Pickett III (248) 440-2268
Listing office RCH Brokerage Legacy Inc 21411 Civic Center Dr Ste 2200, Southfield, MI (248) 440-2268
Listing date Jun 14, 2023
MLS# 20230047631
Listing URL
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Overview
Residential Land Bundle in Detroit
This property is offered as a bundle of 8 parcels, including addresses 4253, 4233, 4239, 4245, and 4265 Mt Elliot, totaling 23,749 sqft, and 3730 and 3722 E Canfield, totaling 5401 sqft. The properties are not sold separately. Zoned R3, the land is suitable for experienced investors. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and enhance density and walkability. Interested buyers should consult 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. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years following the property ownership transfer, which may be incompatible with available tax abatements. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined upon reviewing the development proforma and the effect of any tax abatement on purchase and development financing.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0250599
- Latitude
- 42.3659669
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Bundle of vacant land parcels totaling 29,150 sqft in Detroit.
Where is this residential land & home lot located?
The property is located at 4257 MOUNT ELLIOTT Street Detroit, MI.
What is the asking price?
The asking price for this property is $58,300.
What are key features of this property?
This property features: Bundle of 8 properties totaling 29,150 sqft (23,749 sqft on Mt Elliot and 5401 sqft on E Canfield).; Zoned R3, suitable for development.; Opportunity for infill development to increase housing supply.
