5132 W CHICAGO Detroit MI 48204 MLS #20240040643

Looking for that perfect small/medium infill project in the Nardin Park Community? You found it directly across the street from Nardin Park!! The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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 that are otherwise available to the selected purchaser. The payment will be deterrmined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.