INVESTOR SPECIAL with significant upside! 2935 Lakewood Street is being sold with two adjacent lots [2927 and 2919], creating a rare three-parcel package in Detroit’s 48215 area. This is an ideal opportunity for a fix-and-flip, rental portfolio expansion, or redevelopment play. The existing home offers a solid footprint ready for renovation (ROOF 2020, MOST WINDOWS NEW), while the additional lots dramatically increase value potential—perfect for new construction, expansion, or future resale (buyer to verify zoning and use, currently zoned R2 [two family] / Room measurements may not be accurate). Located on a residential street with improving surrounding values and proximity to Jefferson-Chalmers, the riverfront, and major commuter routes. Priced with rehab in mind and sold AS-IS, this property is best suited for investors looking to capitalize on land + structure value in an area seeing continued reinvestment. All three parcels included in sale.
Property Details
Price:
$70,000
MLS #:
20261001903
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
GARDEN HEIGHTS
Neighborhood:
05066detmcclellaneastmacktoshore
Listed Date:
Jan 10, 2026
Finished Sq Ft:
2,826
Year Built:
1924
See this Listing
Schools
School District:
Detroit
Interior
Bathrooms
3 Full Bathrooms
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Colonial
Construction Materials
Brick
Parking Features
NoGarage
Financial
Taxes
$4,001
Map
Community
- Address2935 Lakewood Street Detroit MI
- SubdivisionGARDEN HEIGHTS
- CityDetroit
- CountyWayne
- Zip Code48215
Market Summary
Current real estate data for Single Family in Detroit as of Jan 20, 2026
3,069
Single Family Listed
122
Avg DOM
82
Avg $ / SqFt
$148,176
Avg List Price
Property Summary
- Located in the GARDEN HEIGHTS subdivision, 2935 Lakewood Street Detroit MI is a Single Family for sale in Detroit, MI, 48215. It is listed for $70,000 and features 4 beds, 3 baths, and has approximately 2,826 square feet of living space, and was originally constructed in 1924. The current price per square foot is $25. The average price per square foot for Single Family listings in Detroit is $82. The average listing price for Single Family in Detroit is $148,176. To schedule a showing of MLS#20261001903 at 2935 Lakewood Street in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
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