Active

$139,000

16502 Lilac St, Detroit, MI 48221

3beds

3,049sqft

$1,234/mo

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Single Family Residence

Built in 1928

3,049 Square Feet Lot

$138,100 Zestimate^®

$46/sqft

$-- HOA

What's special

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.

12 days

84

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Living room

Level: Lower
Area: 3000
Dimensions: 100.00 x 30.00

Heating

Forced Air, Hot Water

Cooling

Window Unit(s)

Appliances

Laundry: In Basement

Features

Flooring: Wood
Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,144
Total interior livable area: 3,049 sqft
Finished area below ground: 572

Property

Features

Stories: 2

Lot

Size: 3,049 Square Feet
Dimensions: 311

Details

Parcel number: 16026188.

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Brick, Vinyl Siding
Roof: Shingle

Condition

New construction: No
Year built: 1928

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: The Garden Add

Location

Region: Detroit

Financial & listing details

Price per square foot: $46/sqft
Tax assessed value: $16,790
Annual tax amount: $3,284
Date on market: 8/6/2026
Listing terms: Cash,Conventional

Estimated market value

$138,100

$131,000 - $145,000

$1,386/mo

Price history

Date	Event	Price
8/6/2026	Listed for sale	$139,000+104.4%$46/sqft
Source: MichRIC #26040806 Report a problem
3/28/2025	Listing removed	$1,650$1/sqft
Source: Zillow Rentals Report a problem
12/19/2024	Listed for rent	$1,650+34.7%$1/sqft
Source: Zillow Rentals Report a problem
9/25/2023	Listing removed	--
Source: Zillow Rentals Report a problem
9/13/2023	Price change	$1,225-16.9%
Source: Zillow Rentals Report a problem
9/11/2023	Listed for rent	$1,475+40.5%
Source: Zillow Rentals Report a problem
10/6/2021	Listing removed	--
Source: Owner Report a problem
9/18/2021	Listed for sale	$68,000+172%$22/sqft
Source: Owner Report a problem
7/14/2021	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
6/23/2021	Listed for rent	$1,050+40%
Source: Zillow Rental Network_1 Report a problem
10/2/2020	Listing removed	$25,000$8/sqft
Source: Showtime Realty #2200022427 Report a problem
9/11/2020	Pending sale	$25,000$8/sqft
Source: Showtime Realty #2200022427 Report a problem
9/9/2020	Listed for sale	$25,000-16.7%$8/sqft
Source: Showtime Realty #2200022427 Report a problem
5/14/2020	Listing removed	$30,000$10/sqft
Source: Showtime Realty #2200022427 Report a problem
5/8/2020	Price change	$30,000-23.9%$10/sqft
Source: Showtime Realty #2200022427 Report a problem
5/7/2020	Price change	$39,400-0.3%$13/sqft
Source: Showtime Realty #2200022427 Report a problem
3/19/2020	Listed for sale	$39,500$13/sqft
Source: Keller Williams Realty Central #2200022732 Report a problem
10/21/2018	Listing removed	$750
Source: Mutual Property Management Report a problem
10/20/2018	Listed for rent	$750
Source: Mutual Property Management Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$31,500 +25%
2024	--	$25,200 +40.8%
2023	--	$17,900 +25.2%
2022	--	$14,300 +16.3%
2021	--	$12,300
2020	$1,310 +71.7%	$12,300 +29.5%
2019	$763	$9,500 +13.1%
2018	$763	$8,400 +12%
2017	--	$7,500 -64.3%
2016	$910	$21,000 +70.7%
2015	$910 +0.3%	$12,300 -29.1%
2013	$907 -0.3%	$17,344 -30.2%
2010	$910	$24,851 -12%
2009	--	$28,240 -14.5%
2008	--	$33,029
2007	--	$33,029 +5.5%
2005	$91	$31,307 +3%
2004	--	$30,395