About This Home

This 4-bedroom, 2-bathroom residential multi family at 5217 Lakeview Street in Detroit, MI is listed for $176,900 ($105 per sqft). Built in 1928, the home offers 1,680 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1928
  • 0.09 acre lot
  • 2 stories

Property Details

2 stories
2 full
1928
Listing Description

Attention Investors! Savvy real estate investors understand that long-term appreciation often follows major public and private investment. This recently renovated duplex is ideally situated just steps from the 200-acre Chandler Park, which is home to the 14 Million Chandler Park Fieldhouse, and near the transformative redevelopment of the 52-acre V

illages at Parkside community, where Detroit Housing has partnered on a significant neighborhood revitalization project. Extensively updated both inside and out, this turnkey, low-maintenance duplex offers an outstanding opportunity to enter or expand your portfolio in one of Detroit's emerging investment corridors.

With the major improvements already completed, you can avoid costly renovations and begin generating rental income immediately while positioning yourself to benefit from the area's continued growth and redevelopment. Whether you're a first-time investor or an experienced landlord, this income-producing property offers strong upside potential in a rapidly evolving market. Currently generating $2400/mo in gross income. Requires an accepted offer prior to any showings.

Monthly Cost Estimate

$946/mo

20% down · 6.5% · 30 years

Principal$128
Interest$767
Insurance$52

Estimates only. Actual payments may vary.

Location

5217 Lakeview Street

Detroit, MI 48213

Plat Of Alfred F Steiners Park Sub

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 5217 Lakeview Street is listed at $176,900 ($105/sqft). The estimated monthly payment is $947 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1928, 0.09 acre lot, 2 stories.

This property is listed by Danny Peterson.

DP

Danny Peterson

Agent at eXp Realty

Listed by eXp Realty · Broker phone: (888) 501-7085 · View on Broker Site

MLS# 20261048147· Source: Realcomp Limited II· 118 days on PropertySimple

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5217 Lakeview Street, Detroit, MI 48213

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