For sale

$95,000

18988 Algonac St, Detroit, MI 48234

3beds

1,040sqft

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Single Family Residence

Built in 1952

3,920 Square Feet Lot

$-- Zestimate^®

$91/sqft

$-- HOA

What's special

WELCOME TO 18988 ALGONAC — A TURNKEY SECTION 8 INVESTMENT OPPORTUNITY LOCATED ON DETROIT’S EAST SIDE. THIS 3-BEDROOM, 1-BATHROOM HOME IS CURRENTLY LEASED TO A SECTION 8 TENANT AT $1,200 PER MONTH WITH A FRESH LEASE IN PLACE, PROVIDING IMMEDIATE CASH FLOW FROM DAY ONE. THE PROPERTY WAS FRESHLY RENOVATED IN 2026 AND OFFERS A LOW-MAINTENANCE INVESTMENT SETUP WITH THE TENANT RESPONSIBLE FOR ALL UTILITIES AND LAWN MAINTENANCE. STRONG RENTAL PERFORMANCE, RELIABLE GOVERNMENT-BACKED INCOME, AND A SOLID TENANT PLACEMENT MAKE THIS PROPERTY AN EXCELLENT ADDITION TO ANY INVESTOR’S PORTFOLIO. PROPERTY MAY BE PURCHASED INDIVIDUALLY OR AS A PACKAGE WITH 3423 BUCKINGHAM, WHICH IS CURRENTLY GENERATING $1,000 IN MONTHLY RENT. NO SHOWINGS WITHOUT AN ACCEPTED FULL PRICE OFFER.

60 days

113

4

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Bedroom

Level: Entry
Area: 100
Dimensions: 10 X 10

Bedroom

Level: Entry
Area: 110
Dimensions: 11 X 10

Bedroom

Level: Second
Area: 156
Dimensions: 12 X 13

Other

Level: Entry
Area: 56
Dimensions: 7 X 8

Heating

Forced Air, Natural Gas

Features

Basement: Unfinished
Has fireplace: No

Interior area

Total interior livable area: 1,040 sqft
Finished area above ground: 1,040

Property

Parking

Total spaces: 1
Parking features: One Car Garage, Detached
Garage spaces: 1

Features

Levels: Two
Stories: 2
Entry location: GroundLevelwSteps
Pool features: None

Lot

Size: 3,920 Square Feet
Dimensions: 35 x 115

Details

Parcel number: W17I015650S
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence

Materials

Brick
Foundation: Basement, Poured

Condition

New construction: No
Year built: 1952
Major remodel year: 2026

Utilities & green energy

Sewer: Sewer At Street
Water: Waterat Street

Community & HOA

Community

Subdivision: KONCZAL PARK

HOA

Has HOA: No

Location

Region: Detroit

Financial & listing details

Price per square foot: $91/sqft
Tax assessed value: $12,174
Annual tax amount: $1,025
Date on market: 5/5/2026
Cumulative days on market: 61 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Exclusions: Exclusion(s) Do Not Exist

Estimated market value

Not available

Estimated sales range

Not available

$1,337/mo

Price history

Date	Event	Price
5/5/2026	Listed for sale	$95,000+771.6%$91/sqft
Source: Realcomp II #20261031720 Report a problem
12/5/2012	Sold	$10,900$10/sqft
Source: MiRealSource #31125999 Report a problem
11/9/2012	Listed for sale	$10,900-80.9%$10/sqft
Source: Villa Residential Realty #31125999 Report a problem
2/17/2012	Sold	$57,153$55/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$25,200 +24.1%
2024	--	$20,300 +18%
2023	--	$17,200 +25.5%
2022	--	$13,700 +14.2%
2021	--	$12,000
2020	$1,390 +52.9%	$12,000 +14.3%
2019	$909	$10,500 +2.9%
2018	$909	$10,200 +6.3%
2017	--	$9,600 -30.4%
2016	$1,291	$13,800
2015	$1,291 -30.3%	$13,800 -27.8%
2013	$1,853 +43.5%	$19,118 -31.8%
2010	$1,291	$28,030 -12%
2009	--	$31,852 -13.5%
2008	--	$36,823
2007	--	$36,823 +5.5%
2005	$185	$34,903 +3%
2004	--	$33,886

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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