For Sale
11311 Steel Street, Detroit, MI 48227
$115,000
MLS # 20261032972 (Realcomp)
3 beds1 bath982 sqftBuilt 19460.12 acres
1 / 1
Listing Description
Charming investment opportunity in Detroit! 11311 Steel St is a tenant-occupied property offering immediate rental income potential and strong long-term value. Currently occupied by a Section 8 tenant paying $1,800/month, this property offers reliable cash flow with an estimated 13% cap rate. The home features a functional layout, spacious living areas, and solid rental appeal, making it an excellent addition to any investment portfolio. Conveniently located near schools, shopping, dining, major freeways, and local amenities, providing strong accessibility for tenants and future occupants alike. Ideal for investors seeking steady cash flow or buyers looking for future owner-occupancy potential. Tenant occupied — please do not disturb tenant. Showings available with accepted offer or approved access only.
Source: SparkMLS
About this home
Located in Mackenzie in Detroit, this property offers 3-bedroom, 1-bath, 982 sq ft, with original construction dating to 1946.
Asking $115,000 (about $117/sq ft).
Property tax estimate: $1,008 per year ($84/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area982 sqft
Lot Size0.12 acres
Year Built1946
Stories1
Location
CityDetroit
Zip Code48227
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/7/2026
Original Price$85,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,570
Tax Year2025
State Equalized Value$15,700
Assessed Value$15,700
Parcel #22023124.006
Source: Public Records
Legal Description
W STEEL 7 CLARE SUB L69 P74 PLATS, W C R 22/709 40 X 130.38
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Samar Taha
Sonic Realty LLC
Frequently Asked Questions about 11311 Steel Street, Detroit, MI 48227
What school district is 11311 Steel Street, Detroit, MI 48227 in?
Per MLS# 20261032972, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 11311 Steel Street, Detroit, MI 48227?
Per MLS# 20261032972, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261032972, the most recent reported annual property tax for 11311 Steel Street, Detroit, MI 48227 is $3,181. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 11311 Steel Street, Detroit, MI 48227 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 11311 Steel Street, Detroit, MI 48227 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$1,008
Monthly$84
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$830
Principal & interest$746
Property taxes$84
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
11311 Steel Street, Detroit, MI 48227
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Neighborhood
Mackenzie
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Community
Detroit
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County
Wayne County
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