For Sale
5291 Lakewood Street, Detroit, MI 48213
$42,500
MLS # 20261025203 (Realcomp)
4 beds2 baths2,164 sqftBuilt 19250.1 acres
1 / 22
Listing Description
Spacious 4-bedroom, 2-bathroom home offering a functional layout and plenty of living space. Features a large living room ideal for entertaining and a generously sized kitchen with ample room for dining and meal preparation. Property provides great potential for homeowners or investors. Conveniently located near schools, shopping, and major roadways. A solid opportunity with good space and versatility.
Source: SparkMLS
About this home
This 4-bedroom, 2-bath, 2,164 sq ft home built in 1925 sits in Chandler Park in Detroit.
Asking $42,500 (about $20/sq ft).
Property tax estimate: $1,348 per year ($112/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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area2,164 sqft
Lot Size0.1 acres
Year Built1925
Stories2
Location
CityDetroit
Zip Code48213
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/13/2026
Original Price$59,900
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$934
Tax Year2025
State Equalized Value$21,000
Assessed Value$21,000
Parcel #21054767.
Source: Public Records
Legal Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2024. W LAKEWOOD 186 N 1 FT 187 WERNERS PARK SUB L43 P1 PLATS, W C R 21/621 41 X 107
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Hussein Farhat
RE/MAX Team 2000
Frequently Asked Questions about 5291 Lakewood Street, Detroit, MI 48213
Which school district serves 5291 Lakewood Street, Detroit, MI 48213?
Per MLS# 20261025203, 5291 Lakewood Street, Detroit, MI 48213 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# 20261025203, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5291 Lakewood Street, Detroit, MI 48213?
Per public tax records, annual property taxes for this property are $1,070. 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, 5291 Lakewood Street, Detroit, MI 48213 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 5291 Lakewood Street, Detroit, MI 48213 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 5291 Lakewood Street, Detroit, MI 48213?
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$1,348
Monthly$112
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$388
Principal & interest$276
Property taxes$112
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
5291 Lakewood Street, Detroit, MI 48213
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Neighborhood
Chandler Park
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Community
Detroit
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County
Wayne County
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