$109,900

16502 Lilac Street, Detroit MI, 48221

Price per sqft$96.07

Built in1928

Property size1,144 sqft

Property typeResidential

Overview

Active

Updated 5 days ago

Excellent opportunity in a highly desirable Detroit area near the popular Livernois Avenue corridor! This income-producing property features an existing Section 8 tenant paying $1,275 per month, providing immediate rental income for the new owner. Conveniently located near shopping, restaurant's, entertainment, and nationhood amenities. Bonus Opportunity: the adjacent vacant lot at 16508 lilac St is also available for purchase at a discounted price when acquired with the home.

$731/mo

Est. mortgage payment based on a $109,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS^® ID: 81026058057

Interior Features

Bedrooms: 3
Bathrooms: 1
Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.07 Acres

Other Property Details

Taxes: $3,284
Tax Frequency: Annually

Courtesy of Worth Clark Realty

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Alexis Hanczaryk shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated 4:44 AM UTC, 11/3/2026

$109,900

Overview

$731/mo

Down payment--

Loan details30-year fixed, 7%

Property tax--

HOA fees--

Additional information

Interior Features

Exterior Features

Other Property Details