1423 Lakewood ST , Detroit, MI 48215
Est. $1,030/mo with current taxes · · See the breakdown
About this home
Multifamily opportunity at 1423 Lakewood in Detroit! This property features two spacious units, each offering 3 bedrooms and 1 full bathroom, A full kitchen, living room and dining room making it ideal for both investors and owner-occupants. The property includes a shared basement, providing additional storage and utility space for tenants. Outside, you’ll find a large driveway with ample parking along with two separate garages—a 2.5-car garage and an additional 1.5-car garage, a rare and valuable feature for rental properties. Situated on two parcels of land, this property offers added flexibility and long-term potential for expansion or increased value. Conveniently located near major roads, shopping, and local amenities, this is a strong income-producing asset with room to grow. **Second floor unit's address is 1427 Lakewood St, Detroit, MI 48215** **Second parcel included is 1407 Lakewood St, Detroit, MI 48215** Don’t miss out on this versatile Detroit investment opportunity!
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $99,900 |
| Beds | 6 |
| Baths | 2 full |
| Square feet | 2,300 |
| Type | Single family residence |
| Subdivision | SKINNER & MOORES |
| County | Wayne |
| MLS # | 20261087395 |
| Listed | 2026-10-28 |
| Days on market | 0 |
| Year built | 1915 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Full, Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Brick & mortar |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Parcel number | W21I054913C4 |
| Listing office | EXP Realty Main |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $16,122 | about $49,950 |
| Yearly property tax | $2,641 | about $3,206 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $565 a year more than this seller pays. The assessor's state equalized value (SEV) is $77,900. 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.
Location
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 2026-10-28T20:20+00:00; refreshed at least twice daily.