For Sale
20401 Norwood Street, Detroit, MI 48234
$75,000
MLS # 20261046200 (Realcomp)
3 beds1 bath973 sqftBuilt 19480.08 acres
1 / 1
Listing Description
Beautiful 3-bedroom, 1-bathroom rental unit with a great long-term tenant bringing in $1000 a month in rental income. The home is located on a nice, quiet and well-maintained street. We need 48 hours to notify the tenant of a walkthrough and can set up that showing following an accepted offer. This home is being well maintained by this tenant. Please do not approach the home!! This is a beautiful addition to any portfolio or a great single-family option for any buyer. This home is currently managed by our Property Management Division and can continue to manage following a sale. Lease and ledgers can be provided following an accepted offer. Shown upon accepted offer only, no exceptions. Once offer is accepted, the property manager will coordinate access for inspection etc. Pre-approval and or proof of funds must be included in this package before any offer can be presented.
Source: SparkMLS
About this home
3-bedroom, 1-bath, 973 sq ft home in Pershing in Detroit built in 1948.
Listed at $75,000 (about $77/sq ft).
Estimated annual property tax: $1,573, or about $131 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
Bathrooms1
Living Area973 sqft
Lot Size0.08 acres
Year Built1948
Stories2
Location
CityDetroit
Zip Code48234
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/17/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,035
Tax Year2025
State Equalized Value$24,500
Assessed Value$24,500
Parcel #13022243.
Source: Public Records
Legal Description
W NORWOOD 348 SEYMOUR & TROESTERS CLAIRMONT PARK SUB L52 P43 PLATS, W C R 13/312 36 IRREG
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Bashar G Nijem
Realtyflo Inc
Frequently Asked Questions about 20401 Norwood Street, Detroit, MI 48234
Which school district serves 20401 Norwood Street, Detroit, MI 48234?
Per MLS# 20261046200, 20401 Norwood Street, Detroit, MI 48234 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 20401 Norwood Street, Detroit, MI 48234?
Per MLS# 20261046200, 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 20401 Norwood Street, Detroit, MI 48234?
Per public tax records, annual property taxes for this property are $2,285. 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, 20401 Norwood Street, Detroit, MI 48234 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 20401 Norwood Street, Detroit, MI 48234 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 20401 Norwood Street, Detroit, MI 48234?
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$1,573
Monthly$131
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$618
Principal & interest$486
Property taxes$131
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
20401 Norwood Street, Detroit, MI 48234
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Neighborhood
Pershing
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Community
Detroit
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County
Wayne County
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