For Sale
12875 Steel Street, Detroit, MI 48227
$120,000
MLS # 20261048341 (Realcomp)
5 beds2 baths1,590 sqftBuilt 19280.09 acres
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Listing Description
Great investment opportunity in Detroit's Schoolcraft Southfield neighborhood. This single family home offers a functional layout and strong rental potential, making it a great addition to any investment portfolio.Conveniently located near the Southfield Freeway, I 96, shopping, schools, and parks, the property provides easy access to Downtown Detroit and surrounding communities. The area continues to attract investors due to its affordable price point and steady rental demand.Whether you're looking for your next rental property or a home to renovate and hold, 12875 Steel is an excellent opportunity with plenty of potential.
Source: SparkMLS
About this home
Located in Mackenzie in Detroit, this property offers 5-bedroom, 2-bath, 1,590 sq ft, with original construction dating to 1928.
Listed at $120,000 (about $75/sq ft).
Estimated annual property tax: $777, or about $65 monthly. 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
Bedrooms5
Bathrooms2
Living Area1,590 sqft
Lot Size0.09 acres
Year Built1928
Stories2
Location
CityDetroit
Zip Code48227
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
SewerPublic
Sale & Financing
Listed6/26/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,210
Tax Year2025
State Equalized Value$12,100
Assessed Value$12,100
Homestead (PRE)100%
Parcel #22023057.
Source: Public Records
Legal Description
W STEEL 75 JOHN M WELCHS MAYVIEW SUB L32 P59 PLATS, W C R 22/67 35 X 115
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Michael Gerisch
KW Professionals
Frequently Asked Questions about 12875 Steel Street, Detroit, MI 48227
Which school district serves 12875 Steel Street, Detroit, MI 48227?
Per MLS# 20261048341, 12875 Steel Street, Detroit, MI 48227 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What financing options are available for 12875 Steel Street, Detroit, MI 48227?
Per MLS# 20261048341, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 12875 Steel Street, Detroit, MI 48227?
Per public tax records, annual property taxes for this property are $1,545. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 12875 Steel Street, Detroit, MI 48227 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 12875 Steel Street, Detroit, MI 48227 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 12875 Steel Street, Detroit, MI 48227?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$777
Monthly$65
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$843
Principal & interest$778
Property taxes$65
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
12875 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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