$100,000

5319 Ivanhoe Street, Detroit, MI 48204

  • 8 baths |
  • 4,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $25/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

Attention investors and contractors! This 4-unit property at 5319 Ivanhoe St, Detroit offers a strong value-add opportunity with major improvements already started. The property is currently mid-renovation, giving the next owner the chance to step in and complete the project while building significant equity. Three of the units have been taken down to the studs, providing a blank canvas for a full renovation. One unit is approximately 70% complete, allowing the next owner to potentially finish and stabilize the property sooner while completing the remaining units. Key updates have already been completed, including a new roof, new water tank, and new furnace, helping reduce major upfront costs and giving investors a head start on the rehab process. This property presents multiple investment strategies, finish the renovations and create a cash-flowing multifamily rental, add it to a long-term portfolio, or complete the project for resale. With strong rental demand in Detroit and the ability to design the remaining renovations to your specifications, the upside potential is significant. Opportunities like this are ideal for experienced investors, builders, or contractors looking to take over a project that already has important improvements completed.

Listing Status:
Active
Date Added:
March 25, 2026
Data Last Updated:
April 5, 2026 at 8:48PM
Listing Office:
LPT Realty, LLC : 877-366-2213
Listing Agent:
Matthew Pierce : 734-682-2174
MLS ID:
60978339
  • Basement: Block
  • Heating: Forced Air
  • General: TwoBasement
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • School District: Detroit City School District
  • County: Wayne
  • Zoning: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. S IVANHOE 231&230 BLK 10 JOSEPH TIREMANS SUB L28 P22 PLATSW C R 16/178 56.90 X 120
  • Water: Public
  • Source: MiRealSource

This listing courtesy of Matthew Pierce , LPT Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sampson-Webber Leadership Academy

4700 Tireman St, Detroit, MI, 48204

Grades PK-8

0.49 miles away

S

Sampson-Webber Leadership Academy

4700 Tireman St, Detroit, MI, 48204

Grades PK-8

0.49 miles away

N

Northwestern High School

2200 W Grand Blvd, Detroit, MI, 48208

Grades 9-12

1.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.