5042 Pennsylvania ST , Detroit, MI 48213
Est. $408/mo with current taxes · · See the breakdown
About this home
Add an established rental property to your investment portfolio. This tenant-occupied opportunity has a proven long-term rental history, with the current tenant in place for decades and current rent of $750 per month. Offered as-is and priced to reflect needed repairs and updates, the property is suited to investors prepared to take on its condition. A new furnace has been installed. Rent ledger and lease documentation are available upon request. An accepted offer is required before any interior access or showings due to tenant occupancy. Room dimensions are estimated. Seller is related to the agent. Flexible land contract terms available. Buyer to verify all information.
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 | $15,000 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 1,353 |
| Type | Single family residence |
| Subdivision | ALBERT HESSELBACHER & JOSEPH S VISGERS (PLATS) |
| County | Wayne |
| MLS # | 20261088816 |
| Listed | 2026-11-03 |
| Days on market | 0 |
| Year built | 1915 |
| Possession | Subject to tenant's rights |
| Stories | 1.5 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Poured |
| Water / Sewer | City water & sewer |
| Parcel number | W19I005696S |
| Listing office | Wise Property Buyers |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $13,856 | about $7,500 |
| Yearly property tax | $1,400 | about $481 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $19,700. 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 2026-11-03T21:03+00:00; refreshed at least twice daily.