16502 Lilac Street, Detroit, MI 48221 (MLS# 26040806)

16502 Lilac Street, Detroit, MI 48221

New Listing
$139,000
Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,144 Lot Size (sq. ft.): 3,049 Status: Active
Current Price: $139,000 List Date: 8/06/2026 Last Modified: 8/06/2026

Overview

Description

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.

Listing Details MLS# 26040806

Location Property Info

County
Wayne
Street #
16502
Street Name
Lilac
Suffix
Street
State
MI
Zip Code
48221
Zip (4)
2972

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
0.07
Lot Square Footage
3049
Lot Dimensions
311
Year Built
1928
Road Frontage
30
Garage Y/N
No
Income Property
Yes
Total Rooms AG
5
Total Fin SqFt All Levels
3049
SqFt Above Grade
1144
Total Beds Above Grade
3
Total Bedrooms
3
Full Baths
Yes
Total Baths
Yes
Main Level Primary
Yes
Stories
2
School District
Detroit
Association YN
No
Waterfront
No
Basement
Yes
Below Grade Finished SqFt
0
Below Grade Unfinished SqFt
0
Building Total SqFt
0

Tax Info

Tax ID #
16026188.
Taxable Value
16790
SEV
36900
For Tax Year
2025
Seller's Annual Property Tax
3284
Tax Year
2025
Homestead %
0
Spec Assessment & Type
No

Access Feat

Accessibility Features
No

Upper Rooms

Upper Bedrooms
3
Upper Full Baths
Yes
Upper Level Square Feet
1144
Total Baths Above Grade
Yes

More Information

Main Rooms

Main Level SQFT
1144

Basement Rooms

Basement Finished SQFT
572
Total Basement SQFT
0

Location & Property Info

Cross Streets
Puritan and Livernois
Property Sub-Type
Single Family Residence
Municipality
Detroit City
Subdivision
The Garden Add

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
121.5
Ownership Type
Private Owned

Remarks & Misc

Public Remarks
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.
Legal
E LILAC 311 GARDEN ADDITION L13 P90 PLATS, W C R 16/305 30 X 100

Sewer

Public Sewer
Yes

Water

Public
Yes

Terms Available

Cash
Yes
Conventional
Yes

Laundry Features

In Basement
Yes

Exterior Material

Brick
Yes
Vinyl Siding
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Forced Air
Yes

Lower Rooms

Lower Finished SQFT
572
Total Lower SQFT
0

Substructure

Full
Yes

Flooring

Wood
Yes

Architectural Style

Bungalow
Yes

Possession

Close Of Escrow
Yes

Property Features

Laundry Features: In Basement Exterior Material: Brick; Vinyl Siding Substructure: Full Sewer: Public Sewer Water: Public Heat Source: Natural Gas Heat Type: Forced Air Flooring: Wood Architectural Style: Bungalow Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None

Room Information

Room NameLengthWidthLevel
Living Room100.0030.00Lower
IDX
Listing Office: Worth Clark Realty
Listing Agent: Priscilla Wade
Source MLS Verified
Last Updated: August - 06 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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