16502 Lilac Street, Detroit, MI 48221

New Listing

$129,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,144 Lot Size (sq. ft.): 3,049 Status: Active

Current Price: $129,000 List Date: 9/23/2026 Last Modified: 9/23/2026

Overview

Description

The property currently generates $1,275/month in rental income, offering an investor the opportunity to purchase a tenant-occupied property with an established rental arrangement. Optionable lot Available - The adjacent lot at 16508 Lilac ST is also available for purchase for $6,500-The buyer has the option to purchase the lot separately or in addition tp 16502 Lilac St, providing an opportunity to acquire additional land next to the investment property.

Listing Details MLS# 26040806

Location Property Info

County: Wayne
Street #: 16502
Street Name: Lilac
Suffix: Street
State: MI
Zip Code: 48221
Zip (4): 2972

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.07
Lot Square Footage: 3049
Lot Dimensions: 311
Year Built: 1928
Road Frontage: 30
Garage Y/N: No
Income Property: Yes
Total Rooms AG: 5
Total Fin SqFt All Levels: 3049
SqFt Above Grade: 1144
Total Beds Above Grade: 3
Total Bedrooms: 3
Full Baths: Yes
Total Baths: Yes
Main Level Primary: Yes
Stories: 2
School District: Detroit
Association YN: No
Waterfront: No

Tax Info

Tax ID #: 16026188.
Taxable Value: 16790
SEV: 36900
For Tax Year: 2025
Seller's Annual Property Tax: 3284
Tax Year: 2025

Access Feat

Accessibility Features: No

Upper Rooms

Upper Bedrooms: 3
Upper Full Baths: Yes
Upper Level Square Feet: 1144
Total Baths Above Grade: Yes

More Information

Main Rooms

Main Level SQFT: 1144

Basement Rooms

Basement Finished SQFT: 572

Property Features

Laundry Features: In Basement Exterior Material: Brick; Vinyl Siding Roofing: Shingle Substructure: Full Sewer: Public Sewer Water: Public Heat Source: Natural Gas Heat Type: Forced Air; Hot Water Air Conditioning: Window Unit(s) Flooring: Wood Patio and Porch Features: Covered; Porch(es) Architectural Style: Bungalow Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None

Room Information

Room Name	Length	Width	Level
Living Room	100.00	30.00	Lower

Listing Office: Worth Clark Realty

Listing Agent: Priscilla Wade

Last Updated: September - 23 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.