Find or sell your home today!

(734) 822-7496
Search Home Listings

16502 Lilac Street, Detroit, MI 48221

$139,000
Sq. Ft. 3,049 Beds 3 Full Bath 1 Yr Built 1928
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.

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.

Listing Info MLS# 26040806

Status
Active
Listed On
August 5, 2026
Days on Mkt
4 Days
Price
$139,000
Square Feet
3,049 Sq Ft
Bed
3 Bedrooms
Bath
1 Full / 0 Half
Type
Single Family Home
Style
Year Built
1928
Acres
0.07
Basement
Full
Garage
Has Garage: No
Interior
Exterior
City
Detroit, MI
Zip
48221
County
Wayne

School Information

District Detroit

Property Taxes and Assessment

Year 2025
Total Tax $3,284
Assessment $16,790

Nearby Properties (5)

ACTIVE
$139,000 More Info
3 bed, 1.0 bath, 3,049 sqft
16502 Lilac Street, Detroit
ACTIVE
$154,900 More Info
3 bed, 1.0 bath, 1,190 sqft
16571 Woodingham Drive, Detroit
ACTIVE
$269,000 More Info
5 bed, 3.0 bath, 1,858 sqft
16684 Woodingham Drive, Detroit
ACTIVE
$249,000 More Info
5 bed, 3.0 bath, 1,858 sqft
16684 Woodingham Drive, Detroit
ACTIVE
$199,000 More Info
5 bed, 2.1 bath, 1,807 sqft
16148 Roselawn Street, Detroit
Listing courtesy of Worth Clark Realty

IDX listing data provided by and Copyright © Ann Arbor Area Board of Realtors Multiple Listing Service.

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED
Source MLS Verified

    Request More Information

    This field is for validation purposes and should be left unchanged.
    Consent(Required)

  • Testimonials

    • "Andy is a great realtor! He has great knowledge and is super helpful. He was Always available for us especially when it was crunch time in a hot market! He helped us sell our house and use the proceeds to find our dream home!" -Mike & Sarah