15818 Cherrylawn ST , Detroit, MI 48238
Est. $613/mo with current taxes · · See the breakdown
About this home
INVESTOR SPECIAL! BRICK MULTI-FAMILY OPPORTUNITY IN DETROIT’S WEST SIDE. THIS 2-UNIT DUPLEX FEATURES A 2 BED 1 BATH UNIT AND A 1 BED 1 BATH UNIT! PROPERTY REQUIRES A FULL RENOVATION—IDEAL FOR SEASONED INVESTORS OR REHABBERS LOOKING TO ADD VALUE. BRICK EXTERIOR WITH SEPARATE ENTRANCES, LARGE ROOMS WITH NATURAL LIGHT, A DECENT SIZED UNFINISHED BASEMENT, AND A 1 CAR DETACHED GARAGE! THIS PROPERTY HAS EXCELLENT POTENTIAL FOR LONG-TERM CASH FLOW OR FUTURE RESALE. AS IS SALE. ALL DATA IS APPROXIMATE, BUYERS AGENT TO VERIFY ALL INFORMATION. HOLD HARMLESS MUST BE SIGNED PRIOR TO SHOWING.
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 | $39,900 |
| Beds | 3 |
| Baths | 2 full |
| Square feet | 1,420 |
| Type | Single family residence |
| Subdivision | UNIVERSITY MANOR |
| County | Wayne |
| MLS # | 20261089005 |
| Listed | 2026-11-03 |
| Days on market | 0 |
| Year built | 1927 |
| Possession | At closing |
| Stories | 1.5 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Brick & mortar |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Parcel number | W16I032831S |
| Listing office | RE/MAX Team 2000 |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $21,369 | about $19,950 |
| Yearly property tax | $2,035 | about $1,280 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $33,900. 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 2026-11-04T01:25+00:00; refreshed at least twice daily.