2087 Meade St, Hamtramck, MI 48212

$4,500 Asking Price

2 beds
1 bath
698  sqft
Built in 1919

Here is the latest offering from the Detroit Land Bank Authority. Single family home in need of extensive renovation. However, this property comes with the following vacant lots: 2091 Meade, 2097 Meade, 2111 Meade, 2115 Meade. Lots of potential here. Rehab the house and expand with the lots, Or tear down the house and re-purpose the land. The choice is yours. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal Guidelines

Features & Amenities

Interior

Heating:
Natural Gas, Forced Air

Exterior

General:
Aluminum
Style:
Bungalow

Construction

General:
1 1/2 Story, Crawl

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
N MEADE 405 GRACE & ROOS ADD L15 P31 PLATS, W C R 9/128 30 X 100, W09I005864S

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
RealComp

This listing courtesy of:
Real Estate One-Southfield, Gene Kelley

About Hamtramck, MI

Housing

Number of Units
13,934
Median Home Value
$63,097
Median Rent
$560

41.43% of housing units are renter occupied.

10.68% are vacant.

Commute

Car
82.34%
Public Transportation
3.14%
Walk to Work
1.78%
Work from Home
11.63%
Other
0.33%

The median travel time to work is 25 minutes.

People

Population
42,188
Median Age
29.90
Median Household Size
3.44

Education

High School
36.51%
Associate’s Degree
5.42%
Bachelor’s Degree
8.83%
Graduate Degree
4.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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