Active listing · MLS #20261051445

5217 Lakeview Street, Detroit

$176,900

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About this home

Has housing affordability become a challenge for you? Consider a smart house-hacking opportunity that can significantly reduce your monthly living expenses while building long-term wealth. Live in the lower unit and offset your housing costs by collecting approximately $1,150 per month in rental income from the upper unit. In addition to lowering your out-of-pocket expenses, you'll enjoy the potential tax advantages that come with owning an income-producing property. Best of all, this fully remodeled duplex provides the confidence and peace of mind that comes with owning a move-in-ready, low-maintenance investment. Accepted offer is required prior to any showings.

The facts

Price$176,900
Original price$184,900
Price cut−$8,000
Beds4
Baths2 full
Square feet1,780
TypeSingle family residence
SubdivisionPLAT OF ALFRED F STEINERS PARK SUB
CountyWayne
MLS #20261051445
Listed2026-07-07
Days on market90
Year built1928
PossessionAt closing
Stories1.5 stories
BasementFull, Unfinished
HeatingForced air, Natural gas
FoundationBasement, Block
Water / SewerCity water & sewer
Parcel numberW21I052495S
Listing officeEXP Realty Main

Property taxes: the seller's bill vs. yours

This seller today You, the year after buying
Taxable value$20,300about $88,450
Yearly property tax$2,027about $5,677

Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $3,650 a year more than this seller pays. The assessor's state equalized value (SEV) is $20,300. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.

Ask Match Realty about this home

IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-05T17:20-04:00; refreshed at least twice daily.