For Sale
789 Lakewood Street, Detroit, MI 48215
$189,900
MLS # 20261024816 (Realcomp)
4 beds2 baths2,112 sqftBuilt 19210.12 acres
1 / 25
Listing Description
Nicely restored Multi-level Colonial with real character in Jefferson Chalmers! 4 bedrooms possibly 5 with converted playroom with HW floors. Updated kitchen with granite countertops, finished 3rd floor. Recently designated a National Treasure! Just down the street to the Detroit River, A.B. Ford Park. All appliances may be included***Sale is subject to a favorable acceptance of a short sale by lender/
Source: SparkMLS
About this home
This 4-bedroom, 2-bath, 2,112 sq ft home built in 1921 sits in East Riverside in Detroit.
Listed at $189,900 (about $90/sq ft).
Annual property taxes run approximately $2,843 ($237/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
Bedrooms4
Bathrooms2
Living Area2,112 sqft
Lot Size0.12 acres
Year Built1921
Stories3
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingHot Water, Radiant
WaterPublic
SewerPublic
Sale & Financing
Listed4/14/2026
Original Price$227,500
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$791
Tax Year2025
State Equalized Value$44,300
Assessed Value$44,300
Parcel #21054976.
Source: Public Records
Legal Description
W LAKEWOOD 16 LAKEWOOD BLVD ADDITION SUB L30 P6 &LATS, W C R 21/401 40 X 129.71A
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Timothy Plevin
Real Estate One-St Clair Shrs
Frequently Asked Questions about 789 Lakewood Street, Detroit, MI 48215
Which school district serves 789 Lakewood Street, Detroit, MI 48215?
Per MLS# 20261024816, 789 Lakewood Street, Detroit, MI 48215 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# 20261024816, 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 789 Lakewood Street, Detroit, MI 48215?
Per public tax records, annual property taxes for this property are $1,370. 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, 789 Lakewood Street, Detroit, MI 48215 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 789 Lakewood Street, Detroit, MI 48215 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 789 Lakewood Street, Detroit, MI 48215?
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
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Annual tax$2,843
Monthly$237
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$1,469
Principal & interest$1,232
Property taxes$237
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
789 Lakewood Street, Detroit, MI 48215
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Neighborhood
East Riverside
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Community
Detroit
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County
Wayne County
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