5565 Lakeview Street
Detroit, MI 48213
Single Family Residence · MLS # 20261075702 · Listing courtesy of Keller Williams Realty-Great Lakes
About this home
Incredible value at under $40 per square foot! Welcome to 5565 Lakeview Street—a spacious 5-bedroom, 2.5-bathroom residence showcasing timeless 1930s curb appeal with brick and stone exterior accents, shingle-style gable detailing, and an inviting covered front porch. Offering 1,461 sq. ft. above grade plus a full 1,008 sq. ft. unfinished basement, this home provides plenty of room to grow or maximize rental returns. Includes natural gas forced-air heat, ceiling fans, window A/C units, and a full suite of appliances (washer, dryer, refrigerator, gas stove, dishwasher, and disposal). Tenant-occupied (month-to-month/no existing lease) with possession at close. Cash terms only. Buyer to verify all information.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $58,000, or $40 per square foot, 44% below the city median, and has been on the market 2 days. 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 $1,794 a year. A buyer who lives here would pay about $664 to $1,880 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
Similar homes in Detroit
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