$139,000
Detroit, MI 48221
MLS# 26040806
3 beds | 1 baths | 1144 sqft
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Property Description
The property currently generates $1,275/month in rental income, offering an investor the opportunity to purchase a tenant-occupied property with an established rental arrangement. Optionable lot Available - The adjacent lot at 16508 Lilac ST is also available for purchase for $6,500-The buyer has the option to purchase the lot separately or in addition tp 16502 Lilac St, providing an opportunity to acquire additional land next to the investment property.
Details
Location & Property Info
Cross Streets: Puritan and Livernois
Property Sub-Type: Single Family Residence
Municipality: Detroit City
Subdivision: The Garden Add
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 121.5
Ownership Type: Private Owned
General Property Info
New Construction: No
Lot Dimensions: 311
Road Frontage: 30
Garage Y/N: No
Waterfront: No
Income Property: Yes
Basement: Yes
Total Rooms AG: 5
Total Fin SqFt All Levels: 3049
SqFt Above Grade: 1144
Below Grade Finished SqFt: 0
Below Grade Unfinished SqFt: 0
Building Total SqFt: 0
Total Beds Above Grade: 3
Main Level Primary: Yes
Stories: 2
School District: Detroit
Association YN: No
Lot Measurement: Acres
Lot Acres: 0.07
Lot Square Footage: 3049
Year Built: 1928
Total Bedrooms: 3
Full Baths: 1
Total Baths: 1
Tax Info
Taxable Value: 16790
SEV: 36900
For Tax Year: 2025
Seller's Annual Property Tax: 3284
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: 0
Tax ID #: 16026188.
Remarks & Misc
Public Remarks: The property currently generates $1,275/month in rental income, offering an investor the opportunity to purchase a tenant-occupied property with an established rental arrangement. Optionable lot Available - The adjacent lot at 16508 Lilac ST is also available for purchase for $6,500-The buyer has the option to purchase the lot separately or in addition tp 16502 Lilac St, providing an opportunity to acquire additional land next to the investment property.
Legal: E LILAC 311 GARDEN ADDITION L13 P90 PLATS, W C R 16/305 30 X 100
Sewer
Public Sewer: 1
Water
Public: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Basement: 1
Exterior Material
Brick: 1
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Upper Rooms
Upper Bedrooms: 3
Upper Full Baths: 1
Upper Level Square Feet: 1144
Total Baths Above Grade: 1
Main Rooms
Main Level SQFT: 1144
Lower Rooms
Lower Finished SQFT: 572
Total Lower SQFT: 0
Basement Rooms
Basement Finished SQFT: 572
Total Basement SQFT: 0
Substructure
Full: 1
Flooring
Wood: 1
Architectural Style
Bungalow: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Wayne
Street #: 16502
Street Name: Lilac
Suffix: Street
State: MI
Zip Code: 48221
Zip (4): 2972
OfficeContract Info
Status: Active
List Price: $139,000
Current Price: $139,000
Listing Date: 2026-08-05
Property Features
Laundry Features: In Basement
Exterior Material: Brick; Vinyl Siding
Substructure: Full
Sewer: Public Sewer
Water: Public
Heat Source: Natural Gas
Heat Type: Forced Air
Flooring: Wood
Architectural Style: Bungalow
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Room Information
| Room Name | Length | Width | Level |
| Living Room | 100.00 | 30.00 | Lower |
Listing Office: Worth Clark Realty
Listing Agent: Priscilla Wade
Last Updated: August - 06 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. 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.