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5406 Ivanhoe Street Detroit, MI 48204

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For Sale
$39,900

MULTI_FAMILY - Colonial - Detroit, MI

Property size:
3,700 SF
Added:
Dec 16, 2025
Days on Market:
126
Last Refresh:
Apr 21 at 5:06 am

Property Features for 5406 Ivanhoe Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
8
Bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 7, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 1, Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 4, Basement
Pets allowed
Yes
Standard status
Active
APN
W16I002988S
Size
3,700 SF

Taxes and HOA fees

Tax Description
N IVANHOE 184 SECURITY LAND COS SUB L29 P85 PLATS, W C R 16/183 42.50 X 120

Utilities

Heating system
Forced Air
Water source
Public

Building Details

Year built
1923
Floors in Building
2
Number of units
4
Building materials
Brick
Architectural style
Colonial

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Listing Contact
Natasha C Richards
Natasha C Richards

Listing agent Natasha C Richards License #6502385914

Listing office Bellabay Realty Tri Counties 37361 Eight Mile Road, Livonia, MI

Listing date Dec 16, 2025

MLS# 20251060363 Listing URL

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Income Opportunity in Detroit, MI

This property presents a great income opportunity, including a vacant lot at 5405 Spokane. The location is near the Livernois stretch, shopping, schools, and major freeways. The home and lot will not be sold separately. Sale is contingent on a buyer/seller executed development agreement. 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 and lot combinations 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 abatements on the purchase and development financing. The property is located in Detroit, MI 48204, Wayne County. The property size is 3700 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.128986
Latitude
42.356902

FAQs

What type of property is this?
Residential land & home lot - Residential income property with vacant lot near Livernois stretch.
Where is this residential land & home lot located?
The property is located at 5406 Ivanhoe Street Detroit, MI.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: Income opportunity with included vacant lot; Prime location near Livernois, shopping, schools, and freeways; Brick construction
More about this property
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