Sold
5511 Ivanhoe Street, Detroit, MI 48204
Sold on 06/22/2026 for$144,000
MLS # 20261013940 (Realcomp)
4 beds2 baths1,368 sqftBuilt 19220.09 acres
1 / 21
Listing Description
Excellent opportunity to acquire a fully remodeled, income-producing ready property in the 48204 area of Detroit. This two-story home has been renovated throughout, minimizing immediate capital expenditures and offering strong rental potential.The property features 4 bedrooms and 2 full bathrooms, a modern open-concept kitchen, updated mechanicals and finishes, and a 1-car garage. The functional layout and size make it attractive for both long-term tenants and potential Section 8 opportunities or first time buyers.With Detroit’s continued rental demand and affordable acquisition price points compared to national averages, this property presents a solid addition to any investor’s portfolio.Ideal for:• Buy-and-hold investors• Out-of-state investors seeking turnkey assets• Portfolio expansion in a high-demand rental marketMove-in ready and positioned for immediate.
Source: SparkMLS
About this home
Located in Tireman in Detroit, this property offers 4-bedroom, 2-bath, 1,368 sq ft, with original construction dating to 1922.
This home sold for $144,000 (about $105/sq ft).
Property tax estimate: $2,038 per year ($170/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
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 Area1,368 sqft
Lot Size0.09 acres
Year Built1922
Stories2
Location
CityDetroit
Zip Code48204
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding
Garage1 space
WaterPublic
SewerPublic
InteriorHumidifier
Sale & Financing
Listed3/3/2026
Sold Date6/21/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$0
Tax Year2025
Assessed Value$0
Parcel #16002957.
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 12/30/2029. S IVANHOE 410 ADDITION TO DAILEY PK L31 P49 PLATS, W C R 16/186 34 X 120
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Nataly Pinilla
Own It Realty
Frequently Asked Questions about 5511 Ivanhoe Street, Detroit, MI 48204
Which school district serves 5511 Ivanhoe Street, Detroit, MI 48204?
Per MLS# 20261013940, 5511 Ivanhoe Street, Detroit, MI 48204 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 type of financing is accepted for this listing?
Per MLS# 20261013940, 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 5511 Ivanhoe Street, Detroit, MI 48204?
Per public tax records, annual property taxes for this property are $2,038. 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, 5511 Ivanhoe 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.
Is 5511 Ivanhoe Street, Detroit, MI 48204 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 5511 Ivanhoe Street, Detroit, MI 48204?
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
$
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
$
%
$
$
$
Monthly payment$908
Principal & interest$908
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
5511 Ivanhoe Street, Detroit, MI 48204
View full property history →
Neighborhood
Tireman
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 5511 Ivanhoe Street
We'll notify you when something hits the market in Tireman or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.