Listed By:
RE/MAX First - 5867998000
Address
5117 University Place, Detroit, MI
Price
$ 27,000
Property Attributes
  • ID#20261045731
  • TypeSingle Family
  • Listing Status Active
  • CountyWAYNE
  • CityDetroit
  • AreaDet Con Mors Grat Hstn7 Mack
  • NeighborhoodFARMBROOK
  • Zip48224
  • StyleBungalow
  • Year Built1937
  • Taxes$ 3757
  • Price$ 27,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1336
  • Lot Size0.15 Acres
Data Source:
RealComp
Property Description

Great investment opportunity in Detroit’s Cornerstone Village neighborhood! This 3-bedroom, 1-bath home offers over 1,300 square feet and has tons of potential for the right investor. The property experienced fire damage and will need a full renovation, but it sits on a solid foundation and provides a great opportunity to add value. Features include a spacious floor plan and a large detached garage that was not affected by the fire. Located in an established neighborhood with many updated and well-maintained homes nearby, this property has strong upside for resale or rental income. Cash buyers only. Sold as-is. Buyer to verify all information (BATVAI).

Price History
6/18/2026 Listed $27,000

General Features

Sewer PublicSewer
Heating ForcedAir, NaturalGas
Possession AtClose
Garage Spaces 2.0
Architectural Style Bungalow
Pool Features None
Construction Materials Brick
Year Built 1937
Levels OneAndOneHalf
Property Subtype SingleFamilyResidence
County Wayne
New Construction No
Property Type Residential
HOA No
Attached Garage No
Subdivision Name FARMBROOK
Garage Y/N Yes
Total Rooms 5
Full Baths 1
Status Active
Directions Head south on I-75 S (or Van Dyke Ave S) Merge onto I-94 E Take exit 224 for Cadieux Rd Turn right on Cadieux Rd heading south Turn right on University Pl Property is on the left 5117 University Pl
City DetroitCity_Wayne
Disclosures TaxesNotHomesteadExempt
Entry Location GroundLevelwSteps
Senior Community Y/N No
High School District Detroit
MLS Area Area05055DetConMorsGratHstn7Mack
Lot Size Units Acres
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 3757.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 27827
Expected Active Date 2026-06-17
MobileHomeRemainsYN No
PostalCity Detroit_Wayne
Legal Description W UNIVERSITY PL 10 FARMBROOK SUB L51 P79 PLATS, W C R 21/849 50 X 133.69

Interior Features

Basement Unfinished
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 1336.0
Total Bedrooms 3
LivingAreaSource PublicRecords
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1

Exterior Features

Parking Features TwoCarGarage, Detached
Water Source Public
Foundation Details Basement, Block
Spa No
Lot Dimensions 50X133.69
Lot Size Acres 0.15
Waterfront Y/N No
Road Frontage Type Paved
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via REMAX First and The Originating MLS(found above), © 2026 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is 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.

Data is updated as of September 14, 2026 5:34 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Single Family Average in 48224

Price
AVG $100K
$30K
Taxes
AVG $2,168
$3,757
Year Built
AVG 1939
1937
Visits
AVG 165
197
Data Provided by Inside Real Estate®

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