For Sale
15340 Stout Street, Detroit, MI 48223
$180,000
MLS # 20261030478 (Realcomp)
3 beds2 baths1,586 sqftBuilt 19240.11 acres
1 / 16
Listing Description
Fully renovated in 2024, this move-in-ready home blends modern updates with everyday comfort. Improvements include fresh paint, new flooring throughout, updated plumbing, a new furnace and water heater, plus a brand-new roof (2025). A second full bathroom adds extra convenience and functionality.Located in the desirable Minock Park area near Rosedale Park, this property is ideal for a primary homeowner or a savvy investor seeking a turnkey rental opportunity, with estimated market rents around $1,500/month. Currently tenant-occupied; showings are available with an accepted offer only. Seller will deliver the property vacant at closing. Adjacent lot is available for purchase from the city. Priced to sell—don’t miss your chance to secure a fully updated home with strong upside. Seller is open to seller financing.
Source: SparkMLS
About this home
Located in Rosedale in Detroit, this property offers 3-bedroom, 2-bath, 1,586 sq ft, with original construction dating to 1924.
Asking $180,000 (about $113/sq ft).
Estimated annual property tax: $2,869, or about $239 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
Bedrooms3
Bathrooms2
Living Area1,586 sqft
Lot Size0.11 acres
Year Built1924
Stories2
Location
CityDetroit
Zip Code48223
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding, Brick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/3/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,811
Tax Year2025
State Equalized Value$44,700
Assessed Value$44,700
Parcel #22101277.
Source: Public Records
Legal Description
E STOUT 218 MORNINGSIDE SUB L41 P61 PLATS, W C R 22/471 40 X 115
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Joseph Hammel
Keller Williams Somerset
Frequently Asked Questions about 15340 Stout Street, Detroit, MI 48223
Which school district serves 15340 Stout Street, Detroit, MI 48223?
Per MLS# 20261030478, 15340 Stout Street, Detroit, MI 48223 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.
Can I use FHA or VA financing for this property?
Per MLS# 20261030478, 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 15340 Stout Street, Detroit, MI 48223?
Per public tax records, annual property taxes for this property are $5,277. 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, 15340 Stout Street, Detroit, MI 48223 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 15340 Stout Street, Detroit, MI 48223 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 15340 Stout Street, Detroit, MI 48223?
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.
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.
Map
Tax Estimate
$
Annual tax$2,869
Monthly$239
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$1,407
Principal & interest$1,167
Property taxes$239
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
15340 Stout Street, Detroit, MI 48223
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Neighborhood
Rosedale
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Community
Detroit
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County
Wayne County
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