For Sale
1408 Lee Place, Detroit, MI 48206
$399,000
MLS # 20261020942 (Realcomp)
Built 19240.21 acres
1 / 12
Listing Description
*OPPORTUNITY!* 29 unit apartment building (15 one bedroom units and 14 two bedroom units) in strategic corner location in the Herman Kiefer sub just south of Boston Edison. Huge opportunity to bring this apartment building back to its former glory! Bring all offers and act fast! Clear title with warranty deed and title insurance. Buyer to verify all information, taxes, room sizes, etc.
Source: SparkMLS
About this home
29-bath home in Rosa Parks in Detroit built in 1924.
Listed at $399,000.
Property tax estimate: $14,076 per year ($1,173/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 TypeMulti Family
Bathrooms29
Lot Size0.21 acres
Year Built1924
Location
CityDetroit
Zip Code48206
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed3/31/2026
Original Price$420,000
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$927
Tax Year2025
State Equalized Value$219,300
Assessed Value$219,300
Parcel #06002129.
Source: Public Records
Legal Description
N LEE PLACE 52 53 54 BARBERS SUB L30 P64 PLATS, W C R 6/182 96.66 X 95.77
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Lawrence Else
Realtyflo Inc
Frequently Asked Questions about 1408 Lee Place, Detroit, MI 48206
Which school district serves 1408 Lee Place, Detroit, MI 48206?
Per MLS# 20261020942, 1408 Lee Place, Detroit, MI 48206 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 1408 Lee Place, Detroit, MI 48206?
Per MLS# 20261020942, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 1408 Lee Place, Detroit, MI 48206?
Per public tax records, annual property taxes for this property are $2,261. 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, 1408 Lee Place, Detroit, MI 48206 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 1408 Lee Place, Detroit, MI 48206 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 1408 Lee Place, Detroit, MI 48206?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: 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$14,076
Monthly$1,173
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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%
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Monthly payment$3,761
Principal & interest$2,588
Property taxes$1,173
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
1408 Lee Place, Detroit, MI 48206
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Neighborhood
Rosa Parks
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Community
Detroit
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County
Wayne County
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