6220 JOHN KRONK Street Detroit, MI 48210

Listing agency Bellabay Realty Tri Counties n***@comcast.net Show Phone

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Apr 17, 2024 Updated: May 13 at 3:31AM Checked: Jul 23 at 4:06AM

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MLS# 20240024669

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Investment Insights

Based on property information with market context.

This 0.39-acre residential land is located in Central Southwest Detroit, offering an infill build opportunity. 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 the proposal guidelines for new build opportunities. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. 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

• Infill build opportunity in Central Southwest Detroit
• Aims to increase housing supply and restore urban fabric
• Supports density and walkability

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FAQs

What type of property is this?

Residential land & home lot - Infill build opportunity in Central Southwest Detroit.

Where is this residential land & home lot located?

The property is located at 6220 JOHN KRONK Street Detroit, MI.

What is the asking price?

The asking price for this property is $40,000.

What are key features of this property?

This property features: Infill build opportunity in Central Southwest Detroit; Aims to increase housing supply and restore urban fabric; Supports density and walkability