4327 Lakewood St, Detroit, MI, 48215
About This Home
Excellent investment opportunity on Detroit’s east side! This duplex on Lakewood Avenue has been owned by the same family for 55 years and is ready for its next chapter. The property offers tremendous potential for investors, owner-occupants, or buyers looking to renovate and build equity. With some TLC, this duplex could become a strong income-producing property or once again serve as a beautiful multi-generational family home. An adjacent vacant lot, under a separate address, is also available for purchase and may be purchased separately or together with the duplex, offering additional possibilities for expansion, parking, outdoor living, or future development (subject to local approvals). Bring your vision and unlock the potential of this East Detroit gem!
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1923
Materials
- Foundation: Basement,Block
- Roof: Asphalt
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedroom
- Level: Entry
- Area: 108
- Dimensions: 12 X 9
Bedroom
- Level: Entry
- Area: 130
- Dimensions: 13 X 10
Bedroom
- Level: Entry
- Area: 130
- Dimensions: 13 X 10
Bedroom
- Level: Second
- Area: 130
- Dimensions: 13 X 10
Bedroom
- Level: Second
- Area: 108
- Dimensions: 12 X 9
Bedroom
- Level: Second
- Area: 130
- Dimensions: 13 X 10
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Level: Entry
- Area: 224
- Dimensions: 16 X 14
Family Room
- Level: Entry
- Area: 270
- Dimensions: 18 X 15
Features
- Fireplace features: Living Room
- Fireplace: Yes
- Finished area above ground: 2,416
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 2,416 sqft
Kitchen
- Level: Entry
- Area: 81
- Dimensions: 9 X 9
Other
- Level: Entry
- Area: 81
- Dimensions: 9 X 9
Other
- Level: Second
- Area: 81
- Dimensions: 9 X 9
Property
Details
- Parcel number: W21I054816S
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Entry location: LowerLevelwSteps
- Pool features: None
- Patio & porch: Covered
- Fencing: Back Yard
Lot
- Lot size: 6,534 sqft
- Lot size dimensions: 50 x 133.75
Parking
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $758 | $9,096 |
| Home Insurance * | $203 | $2,436 |
| Property Taxes | $183 | $2,196 |
| Electricity | $263 | $3,162 |
| Total | $1,407 | $16,884 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-10 | Price change | $130,000 |
| 2026-08-03 | Price change | $150,000 |
| 2026-07-21 | Listed for sale | $175,000 |
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