For Sale
5776 Lakeview Street, Detroit, MI 48213
$12,500
MLS # 20261002353 (Realcomp)
3 beds1 bath1,299 sqftBuilt 19270.09 acres
1 / 31
Listing Description
Welcome to the latest offering from the Detroit Land Bank Authority. This 3 bedroom brick colonial is being offered in the historic Chandler Park community. This home needs a full rehab but once complete will make a very good investment. Be advised that this home also includes vacant lots located at 5782 and 5790 Lakeview for an additional 8000 sqft. of buildable space. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
Source: SparkMLS
About this home
Located in Chandler Park in Detroit, this property offers 3-bedroom, 1-bath, 1,299 sq ft, with original construction dating to 1927.
Currently offered at $12,500 (about $10/sq ft).
Property tax estimate: $1,264 per year ($105/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. Fiber internet is available at this address with download speeds up to 1,200 Mbps across 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,299 sqft
Lot Size0.09 acres
Year Built1927
Stories2
Location
CityDetroit
Zip Code48213
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed1/15/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$755
Tax Year2025
State Equalized Value$19,700
Assessed Value$19,700
Parcel #21052404.
Source: Public Records
Legal Description
E LAKEVIEW 180 PLAT OF ALFRED F STEINERS PARK SUB L40 P61 PLATS, W C R 21/630 40 X 101.5
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Gene Kelley
Real Estate One-Southfield
Frequently Asked Questions about 5776 Lakeview Street, Detroit, MI 48213
Which school district serves 5776 Lakeview Street, Detroit, MI 48213?
Per MLS# 20261002353, 5776 Lakeview 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# 20261002353, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5776 Lakeview Street, Detroit, MI 48213?
Per public tax records, annual property taxes for this property are $1,350. 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, 5776 Lakeview 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 5776 Lakeview 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 5776 Lakeview Street, Detroit, MI 48213. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5776 Lakeview 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$1,264
Monthly$105
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$186
Principal & interest$81
Property taxes$105
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
1.2 Gbps
Upload
1 Gbps
CableFiberLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 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
5776 Lakeview 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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