5298 NEFF AVE Detroit MI 48224 MLS #20240089080

5298 NEFF AVE
Detroit, MI, 48224
$49,900
2 Beds
1 Baths
720 SqFt
0.15 Acres
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**OPPORTUNITY** This 2 bedroom, 1 bathroom Cornerstone Village home could be perfect for a first-time homebuyer who isn’t afraid of generating a little sweat equity or it could also be perfect for an investor looking to start or expand their portfolio! With Section 8 rents for similar properties as high as $1,100/month, the ROI on this property would be sky-high! The property features hardwood flooring throughout almost all of the property, an updated kitchen, an bathroom that would need very minimal work to make it nice, forced air heating, wrought-iron windows w/ storm windows, a 3D architectural shingle roof, a 3 seasons room, an oversized 1.5 car garage, and so much more! Best of all, the property is located in the East Warren/Cadieux Strategic Neighborhood Fund area, which has enabled the renovation of the Warren streetscape and has brought in tens of millions of dollars of both public and private investment, with more to come! NO SELLER FINANCING – VA OR FHA MAY BE CONSIDERED @ NO COST TO SELLER

Property Details

Price:
$49,900
MLS #:
20240089080
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
ASSESSORS DETROIT PLAT NO 1
Neighborhood:
05055detconmorsgrathstn7mack
Listed Date:
Dec 17, 2024
Finished Sq Ft:
720
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1950
Short Sale05055 – Det Con-mors/grat. Hstn/7 Mack05055detconmorsgrathstn7mackAssessors Detroit Plat No 1Detroit

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Schools

School District:
Detroit

Interior

Bathrooms
1 Full Bathroom
Heating
Forced Air, Natural Gas

Exterior

Architectural Style
Ranch
Community Features
Sidewalks
Construction Materials
Aluminum Siding
Parking Features
OneandHalfCarGarage, Detached
Roof
Asphalt

Financial

Taxes
$1,311

Map

Community

Market Summary

Current real estate data for Single Family in Detroit as of Nov 06, 2025
3,411
Single Family Listed
109
Avg DOM
83
Avg $ / SqFt
$155,248
Avg List Price

Property Summary

    Located in the ASSESSORS DETROIT PLAT NO 1 subdivision, 5298 NEFF AVE Detroit MI is a Single Family for sale in Detroit, MI, 48224. It is listed for $49,900 and features 2 beds, 1 baths, and has approximately 720 square feet of living space, and was originally constructed in 1950. The current price per square foot is $69. The average price per square foot for Single Family listings in Detroit is $83. The average listing price for Single Family in Detroit is $155,248. To schedule a showing of MLS#20240089080 at 5298 NEFF AVE in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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