For Sale
5555 Neff Avenue, Detroit, MI 48224
$48,000
MLS # 20261047354 (Realcomp)
2 beds1 bath720 sqftBuilt 19500.14 acres
1 / 13
Listing Description
Excellent Opportunity to purchase this property in the 48224 Zip code of Detroit's Eastside. This property is already rented to long-standing tenants who pay $1,100 per month, making it a great option for investors.
Source: SparkMLS
About this home
Located in Finney in Detroit, this property offers 2-bedroom, 1-bath, 720 sq ft, with original construction dating to 1950.
Currently offered at $48,000 (about $67/sq ft).
Annual property taxes run approximately $1,592 ($133/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
Bedrooms2
Bathrooms1
Living Area720 sqft
Lot Size0.14 acres
Year Built1950
Stories1
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/22/2026
Original Price$55,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$927
Tax Year2025
State Equalized Value$24,800
Assessed Value$24,800
Parcel #21076298.004
Source: Public Records
Legal Description
W NEFF 4 ASSESSORS DETROIT PLAT NO 1 L72 P7 PLATS, W C R 21/1024 38 X 155.84A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Nader Shariff
Upside Investments
Frequently Asked Questions about 5555 Neff Avenue, Detroit, MI 48224
Which school district serves 5555 Neff Avenue, Detroit, MI 48224?
Per MLS# 20261047354, 5555 Neff Avenue, Detroit, MI 48224 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# 20261047354, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5555 Neff Avenue, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $5,310. 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, 5555 Neff Avenue, Detroit, MI 48224 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 5555 Neff Avenue, Detroit, MI 48224 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 5555 Neff Avenue, Detroit, MI 48224?
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$1,592
Monthly$133
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$444
Principal & interest$311
Property taxes$133
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
5555 Neff Avenue, Detroit, MI 48224
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Neighborhood
Finney
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Community
Detroit
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County
Wayne County
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