For Sale
5042 Dailey Street, Detroit, MI 48204
$40,000
MLS # 20261007859 (Realcomp)
Built 19180.1 acres
1 / 38
Listing Description
Value-add duplex minutes from downtown and Mexican town with direct access to I-96 freeway. Full renovation required making it ideal for rehab, BRRRR, or a long-term hold. ARVs in the area are $150k with rental comps of $1200 (per unit) conservatively. This property offers strong rental upside in a high demand area with easy freeway access. Located in the heart of the city, this property is in close proximity to dining, entertainment, jobs, and transit. Sold as-is. Cash or renovation financing accepted.
Source: SparkMLS
About this home
2-bath home in Tireman in Detroit built in 1918.
Asking $40,000.
Estimated annual property tax: $1,297, or about $108 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 2,000 Mbps from 7 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.1 acres
Year Built1918
Location
CityDetroit
Zip Code48204
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
Sale & Financing
Listed2/6/2026
Original Price$60,000
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$893
Tax Year2025
State Equalized Value$20,200
Assessed Value$20,200
Parcel #16003945.
Source: Public Records
Legal Description
N DAILEY 714 DAILEY PARK SUB L29 P80 PLATS, W C R 16/185 35 X 120
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Salliece McCain
Robinson Realty & Management Group Inc
Frequently Asked Questions about 5042 Dailey Street, Detroit, MI 48204
What school district is 5042 Dailey Street, Detroit, MI 48204 in?
Per MLS# 20261007859, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261007859, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261007859, the most recent reported annual property tax for 5042 Dailey Street, Detroit, MI 48204 is $2,084. 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 5042 Dailey Street, Detroit, MI 48204 eligible for USDA financing?
Per USDA Rural Development boundary data, 5042 Dailey Street, Detroit, MI 48204 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5042 Dailey Street, Detroit, MI 48204 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.
Is fiber internet available at 5042 Dailey Street, Detroit, MI 48204?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 5042 Dailey Street, Detroit, MI 48204. The maximum advertised download speed is 2.0 Gbps. 7 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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.
Map
Tax Estimate
$
Annual tax$1,297
Monthly$108
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$368
Principal & interest$259
Property taxes$108
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
7 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5042 Dailey Street, Detroit, MI 48204
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Neighborhood
Tireman
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Community
Detroit
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County
Wayne County
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