2935 Lakewood St, Detroit, MI, 48215
About This Home
INVESTOR SPECIAL with significant upside! 2935 Lakewood Street is being sold with two adjacent lots [2927 and 2919], creating a rare three-parcel package in Detroit’s 48215 area. This is an ideal opportunity for a fix-and-flip, rental portfolio expansion, or redevelopment play. The existing home offers a solid footprint ready for renovation (ROOF 2020, MOST WINDOWS NEW), while the additional lots dramatically increase value potential—perfect for new construction, expansion, or future resale (buyer to verify zoning and use, currently zoned R2 [two family] / Room measurements may not be accurate). Located on a residential street with improving surrounding values and proximity to Jefferson-Chalmers, the riverfront, and major commuter routes. Priced with rehab in mind and sold AS-IS, this property is best suited for investors looking to capitalize on land + structure value in an area seeing continued reinvestment. All three parcels included in sale.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Foundation: Basement,Brick Mortar
- 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: Second
- Area: 100
- Dimensions: 10 X 10
Bedroom
- Level: Second
- Area: 100
- Dimensions: 10 X 10
Bedroom
- Level: Entry
- Area: 100
- Dimensions: 10 X 10
Bedroom
- Level: Entry
- Area: 100
- Dimensions: 10 X 10
Bedroom
- Level: Entry
- Area: 100
- Dimensions: 10 X 10
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 2,826
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 2,826 sqft
Other
- Level: Entry
Other
- Level: Second
Primary Bedroom
- Level: Second
- Area: 100
- Dimensions: 10 X 10
Property
Details
- Parcel number: W21I054872S
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Entry location: GroundLevel
- Pool features: None
Lot
- Lot size: 6,098 sqft
- Lot size dimensions: 40 x 150.61
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
- Inland Flooding
- 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 | $328 | $3,936 |
| Home Insurance * | $88 | $1,056 |
| Property Taxes | $79 | $948 |
| Electricity | $308 | $3,698 |
| Total | $803 | $9,636 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-10 | Listed for sale | $70,000 |
| 2024-06-12 | Listing removed | -- |
| 2024-05-06 | Listed for sale | $70,000 |
| 2023-03-28 | Listing removed | $70,000 |
| 2023-03-08 | Listed for sale | $70,000 |
| 2023-02-27 | Pending sale | $70,000 |
| 2023-01-31 | Listed for sale | $70,000 |
| 2023-01-01 | Listing removed | -- |
| 2022-06-28 | Listed for sale | $100,000 |
| 2019-03-21 | Listing removed | $19,900 |
| 2018-09-18 | Listed for sale | $19,900 |
| 2017-01-25 | Sold | $11,500 |
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