# 5406 Ivanhoe Street, Detroit, MI 48204

> **TL;DR:** 8bd/4ba residential multi family, $39,900 ($11/sqft), built 1923, 3,700 sqft. Est. $173/mo. Listed 167 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $39,900 |
| Price/sqft | $11 |
| Bedrooms | 8 |
| Bathrooms | 4 full |
| Square Feet | 3,700 |
| Year Built | 1923 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 167 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $173 |
| **Total** | **$173** |

## Property Highlights

- Built in 1923
- 0.12 acre lot
- 2 stories

## Description

### Agent Description
Great income opportunity to include vacant lot, 5405 Spokane. Great location close to Livernois stretch, shopping, schools, major freeways and more! Home and lot will not be sold separately, NO Exceptions! Sale contingent on buyer/seller executed development agreement. 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.

## Location

- **Address:** 5406 Ivanhoe Street, Detroit, MI 48204
- **County:** Wayne
- **Neighborhood:** Security Land Cos
- **Coordinates:** 42.356902, -83.128986
- **Google Maps:** https://www.google.com/maps?q=42.356902,-83.128986

## Listing Agent

- **Name:** Natasha C Richards
- **Brokerage:** Bellabay Realty Tri Counties
- **Phone:** (248) 274-6614
- **Email:** natasharichards@comcast.net

## Primary Photo

![5406 Ivanhoe Street - Primary Photo](http://lh.rdcpix.com/f1fd7b14006e9236f862040746f9737fl-f99217140r.jpg)

*5 total photos available on [listing page](https://www.propertysimple.com/listing/5406-ivanhoe-street-detroit-mi-48204-51060363)*

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**MLS#:** 20251060363 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/5406-ivanhoe-street-detroit-mi-48204-51060363)

---

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  "description": "Great income opportunity to include vacant lot, 5405 Spokane. Great location close to Livernois stretch, shopping, schools, major freeways and more! Home and lot will not be sold separately, NO Exceptions! Sale contingent on buyer/seller executed development agreement. 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 t",
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  "numberOfBedrooms": 8,
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