1729 Lee PL, Detroit, MI 48206
Jessica Soop
Jessica Soop

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+1(313) 283-1495

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$ 25,000

Est. payment | /mo

2 Baths

2,340 SqFt

$ 25,000

Est. payment | /mo

2 Baths

2,340 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Sold

Purchase Type For Sale

Square Footage 2,340 sqft

Price per Sqft $10

Subdivision Gilbert W Lees

MLS Listing ID 20261038467

Sold Date 05/29/26

Style UpperLowerApartment

Full Baths 2

Year Built 1923

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type MultiFamily

Property Description

Development Opportunity in Detroit's Historic Virginia Park Neighborhood. Welcome to 1729 Lee Place, a multi-family property located in the heart of Detroit's desirable Virginia Park Neighborhood. This property presents a solid opportunity for investors, developers, or owner-occupants seeking to establish a presence in a neighborhood experiencing continued revitalization. The property features two residential units, each offering 3 bedrooms and 1 full bathroom, providing a functional layout suitable for rental use, redevelopment, or long-term investment strategies. Conveniently located just minutes from Henry Ford Hospital, Wayne State University, the Motown Museum, and downtown Detroit, this property benefits from proximity to major employers, cultural landmarks, and ongoing development activity throughout the area. With its location and multi-unit configuration, 1729 Lee Place offers strong potential in one of Detroit's historic and steadily growing neighborhoods. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer, Sewer At Street

Water WateratStreet

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition GovernmentOwned, ShortSaleNo

Pets Allowed Yes

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Catina Willis of Next Level Realty & Investments
Bought with Unidentified Office

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Jessica Soop

+1(313) 283-1495

jessica@gracefullivingrg.com

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1729 Lee PL