For Sale
7320 E LAFAYETTE Street, Detroit, MI 48214
$115,000
MLS # 20240050145 (Realcomp)
0.3 acres
1 / 16
Listing Description
Nice sized buildable land in Islandview in the vibrant and growing Villages neighborhood. Low Income Housing Income Tax Potential – According to the U.S. Housing and Urban Development website, this property is located in a Qualified Tract Zone, which allows for an additional 30% of low income housing credits, in addition to the 9% credit on qualified development costs. Buyer to Verify Zoning - The property is zoned R5, which allows for apartments/affordable housing to be constructed. Also, R5 zoning may allow for certain specified non-residential uses, as long as those uses can be blended into the district. So, for example, the first floor of a building could be rented out to businesses such as convenience stores, gyms, hair/nail salon, and other businesses which directly support residents.
Source: SparkMLS
About this home
Asking $115,000.
Property tax estimate: $103 per year ($9/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Fiber internet is available at this address with download speeds up to 1,200 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.3 acres
Location
CityDetroit
Zip Code48214
CountyWayne
School DistrictDetroit
Sale & Financing
Listed7/22/2024
Original Price$125,000
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$103
Parcel #17013509..11
Source: SparkMLS
Legal Description
Lots 59, 60 & 61 "Plot of Moses Field Subdivision of Private Claim 16" .T.2S., R.12E., Hamtramck, Wayne County MI as recorded in Liber 4 Page 10 of Plots.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Bill Swanson
O'Connor Realty Detroit, LLC
Frequently Asked Questions about 7320 E LAFAYETTE Street, Detroit, MI 48214
What school district is 7320 E LAFAYETTE Street, Detroit, MI 48214 in?
Per MLS# 20240050145, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20240050145, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20240050145, the most recent reported annual property tax for 7320 E LAFAYETTE Street, Detroit, MI 48214 is $103. 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.
Is 7320 E LAFAYETTE Street, Detroit, MI 48214 eligible for USDA financing?
Per USDA Rural Development boundary data, 7320 E LAFAYETTE Street, Detroit, MI 48214 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 7320 E LAFAYETTE Street, Detroit, MI 48214 is in flood zone X (minimal risk). 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.
Is fiber internet available at 7320 E LAFAYETTE Street, Detroit, MI 48214?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 1.2 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Loading map...
Mortgage Calculator
$
%
$
$
$
Monthly payment$746
Principal & interest$746
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
9 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
7320 E LAFAYETTE Street, Detroit, MI 48214
View full property history →
Neighborhood
Butzel
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 7320 E LAFAYETTE Street
We'll notify you when something hits the market in Butzel or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.