4488 Humboldt Street Detroit, MI 48208

Seven contiguous vacant residential lots are available in the Core City neighborhood, totaling approximately 0.44 acres. The lots include 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt. The properties are situated near Grand River Ave and Buchanan St. Zoned residential, this bundle offers excellent potential for new construction and infill development. All lots must be purchased together and cannot be separated. Interested buyers must submit a proposal that includes a project proposal with the intended use of structure and timeline, proof of funds, scope of work with a breakdown of renovation costs, and proof of previous projects including addresses and photos. Sale is contingent on execution of a Detroit Land Bank Authority Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five tax years following transfer of ownership. 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. The Detroit Land Bank Authority recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood.