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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1544 W Philadelphia St , Detroit, MI 48206
$18,000
Est. Payment: $92.69/mo
3 Bed
1 Bath
1172 Sqft
Status: active | Days on site: 3
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House Description

Detroit Land Bank Authority opportunity in the sought-after Virginia Park neighborhood! This historic home is ready for a complete renovation and offers endless potential for investors, developers, or owner-occupants looking to restore a classic Detroit property. Ideally located just minutes from New Center, Midtown, the Motown Museum, Henry Ford Hospital, Wayne State University, and Downtown Detroit. The surrounding area continues to experience significant residential redevelopment, new investment, and neighborhood revitalization while maintaining its historic character. Convenient access to major freeways, public transit, parks, dining, shopping, and cultural attractions makes this an exceptional opportunity to invest in one of Detroit's growing communities. Purchaser to comply with all Detroit Land Bank Authority requirements. Sold as-is.Located in an area experiencing continued residential investment and revitalization Purchaser to verify allmeasurements, zoning, and development requirements. DLBA Disclosure: DLBA is entitled to a tax capture for the 5 tax years subsequent totransferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to theselected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve suchrequests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase anddevelopment financing.

Highlights

Listed by Erick Monzo , 586-808-6436 Keller Williams Realty-Great Lakes , 586-541-4000. MichRIC

Property Type

Residential

Lot/Acreage
0.07

Year Built

1915

County

Wayne

School District

Detroit

Listing ID

20261058296

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Other:Public

Exterior Features

Sewer:Public
Principal Interest
$93
Taxes
$95

Home Price

$18,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$3,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$92.69

Principal

Taxes

Principal Taxes HOA Total
Monthly $92.69 $95.25 $0.00 $187.94
Yearly $1,112.29 $1,143.00 $0.00 $2,255.29
Total $33,368.72 $34,290.00 $0.00 $67,658.72
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC