13161 Monica Street

About this home

Check out this 3 Bed / 2 Bath bungalow on Detroits West Side! Currently set up as a 2 family flat but can easily be converted back into a single family property. The lower unit features 2 bedrooms and 1 bathroom. The upstairs unit has 1 bedroom and 1 full bathroom. This is a great opportunity for an investor looking for a rental property or an owner occupant looking to house hack by living in one unit and renting the other out. The property is in fair shape as is but does need some TLC throughout. Property was recently appraised above the current asking price giving instant equity (appraisal can be provided for anyone who writes an offer), and since then the seller has had the basement professionally waterproofed. Being sold as-is. Schedule a showing today!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,213 homes sold in Detroit for a median of $100,000, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $80,000, or $56 per square foot, 21% below the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $2,704 a year. A buyer who lives here would pay about $1,621 to $2,593 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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