MLS # 20251039226 (Realcomp)

Brick Condo Opportunity in the Islandview Neighborhood – Detroit Land Bank OwnedFantastic opportunity to restore this Brick Condo in the Islandview neighborhood of Detroit. How to Apply:Interested buyers must submit a proposal that includes:1. Project Proposal (intended use of structure + timeline)2. Proof of Funds (bank statement or lender letter)3. Scope of Work (breakdown of renovation costs)4. Proof of Previous Projects: (include addresses and photos)Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
Source: SparkMLS
Located in Butzel in Detroit, this property offers 2-bedroom, 2-bath, 1,302 sq ft, with original construction dating to 1910.
Currently offered at $80,000 (about $61/sq ft).
Property tax estimate: $9,024 per year ($752/month). 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 1,200 Mbps from 7 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
UNIT 3 ; WAYNE COUNTY CONDO PLAN NO 905, " ST. PAUL PLACE CONDOMINIUM " REC L44428 P73-120 DEEDS, WCR 15/290 16.67%
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Erick Monzo
Keller Williams Realty-Great Lakes
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
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Download
1.2 Gbps
Upload
75 Mbps
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7246 Saint Paul Street, Detroit, MI 48214
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Neighborhood
Butzel
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Community
Detroit
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County
Wayne County
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