Search
Brick Duplex with Shared Basement
For Sale
$99,900
Pending

1423 Lakewood Street, Detroit, MI 48215

MULTI_FAMILY - Colonial - Detroit, MI

Property Size2,300 SF
Lot Size0.17 Acres
Days on Market104

Property Features for 1423 Lakewood Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1, Bedroom 6
Pets allowed Yes
Subdivision Skinner & Moores
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions SE of Kercheval Ave and SW Chalmers St
Standard status Pending
APN W21I054913C4
Size 2,300 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description W LAKEWOOD 58 & 57 BLK 3-SKINNER & MOORES SUB L16 P58 PLATS, W C R 21/305 60X123
Tax Annual Amount 1447
Legal Description W LAKEWOOD 58 & 57 BLK 3-SKINNER & MOORES SUB L16 P58 PLATS, W C R 21/305 60X123

Utilities

Heating system Forced Air
Cooling system Ceiling Fan(s)
Water source Public

Amenities

shared basement

Building Details

Year built 1915
Floors in Building 2
Number of units 2
Building materials Brick
Roof type Asphalt
Architectural style Colonial
Listing Agency: EXP Realty Main
Listed By: Moe Kassem · License #6501438220
Added: Apr 30 Changed: Aug 2 Last Checked: Aug 11 at 7:06PM
MLS# 20261030037

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.

Investment Insights

Based on property information with market context.

This brick Colonial duplex at 1423 Lakewood Street includes two spacious units, each with three bedrooms and one full bathroom. Both units are described with a full kitchen, living room, and dining room, and the property also features a shared basement for additional storage and utility space.

The home is situated on two parcels of land, adding flexibility: the second floor unit address is 1427 Lakewood St, Detroit, MI 48215, and the additional parcel included is 1407 Lakewood St, Detroit, MI 48215. Exterior features include a large driveway with ample parking and two separate garages: a 2.5-car garage and an additional 1.5-car garage.

Built in 1915, the property is configured with forced-air heating and cooling via ceiling fan(s). Public water service is listed, and the roof is asphalt.

Key Highlights

  • Two units, each with three bedrooms and one full bathroom
  • Shared basement provides storage and utility space
  • Two parcels included: 1427 Lakewood St and 1407 Lakewood St, Detroit, MI 48215

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Spa & Massage Center (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby

Demographics for 48215, MI

10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit brick duplex on two parcels with a shared basement, forced-air heat, and asphalt roof.
Where is this duplex located?
The property is located at 1423 Lakewood Street Detroit, MI.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Two units, each with three bedrooms and one full bathroom; Shared basement provides storage and utility space; Two parcels included: 1427 Lakewood St and 1407 Lakewood St, Detroit, MI 48215
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message