16502 Lilac Street Detroit MI 48221 MLS #81026040806

16502 Lilac Street
Detroit, MI, 48221
$139,000
3 Beds
1 Baths
3,049 SqFt
0.07 Acres
Add
MLS #81026040806 image #0
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.

Property Details

Price:
$139,000
MLS #:
81026040806
Status:
Active
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
SingleFamilyResidence
Subdivision:
THE GARDEN ADD
Neighborhood:
area05042det6tiregrnfldlivernois
Listed Date:
Aug 5, 2026
Finished Sq Ft:
3,049
Lot Size:
132,814,440 sqft / 0.07 acres (approx)
Year Built:
1928
BungalowArea05042det6tiregrnfldlivernoisArea05042det6tiregrnfldlivernoisThe Garden AddDetroit

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Schools

School District:
Detroit

Interior

Above Grade Finished Area
1144
Bathrooms
1 Full Bathroom
Below Grade Finished Area
1144
Flooring
Wood
Heating
Forced Air, Natural Gas
Laundry Features
In Basement

Exterior

Architectural Style
Bungalow
Construction Materials
Brick, Vinyl Siding
Stories
2

Financial

Taxes
$3,284

Map

Community

Subdivisions in Detroit

Market Summary

Current real estate data for Single Family in Detroit as of Aug 08, 2026
3,823
Single Family Listed
124
Avg DOM
94
Avg $ / SqFt
$149,596
Avg List Price

Property Summary

    Located in the THE GARDEN ADD subdivision, 16502 Lilac Street Detroit MI is a Single Family for sale in Detroit, MI, 48221. It is listed for $139,000 and features 3 beds, 1 baths, and has approximately 3,049 square feet of living space, and was originally constructed in 1928. The current price per square foot is $46. The average price per square foot for Single Family listings in Detroit is $94. The average listing price for Single Family in Detroit is $149,596. To schedule a showing of MLS#81026040806 at 16502 Lilac Street in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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