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Sold for $171,000
  • $171,000

    5569 Drexel St, Detroit, MI 48213

    4beds
    2,986sqft
    Multi Family
    Built in 1928
    -- sqft lot
    $172,300 Zestimate®
    $57/sqft
    $1,167 Estimated rent

    Home value

    $172,300

    $159,000 - $188,000

    $1,167/mo

    Zestimate® history
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    What's special

    New furnacesFreshly rolled paintNew plumbingNew electrical
    REDUCED! LOCATED 4 MINUTES FROM THE HISTORIC INDIAN VILLAGE, YOU WILL FIND 5569 DREXEL NESTLED ON A 3,833 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW 40 YEAR ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. EVERY WINDOW IN THIS COMPOUND IS BRAND NEW AND SHE HAS BEEN UPGRADED WITH NEW FURNACES, NEW ELECTRICAL, NEW PLUMBING AND HOT WATER TANKS TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE SHE HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 YEAR SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $2178 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lauryn Johnson 248-207-2994,

    KW Domain

    Bought with:

    Joseph Hammel, 6501422602

    Keller Williams Somerset

    Source: Realcomp II,MLS#: 20261007812MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Features
    • Basement: Finished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,986 sqft
    • Finished area above ground: 1,981
    • Finished area below ground: 1,005

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 3,484 sqft
    • Dimensions: 35 x 100
    Details
    • Parcel number: W21I050773S
    • Zoning description: Residential
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement, Block
    Condition
    • New construction: No
    • Year built: 1928

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Detroit
    • Subdivision: PARKSIDE MANOR

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/15/2026Sold$171,000+0.6%$57/sqft
    Source: Realcomp II #20261007812 Report a problem
    2/25/2026Price change$169,999-2.9%$57/sqft
    Source: Realcomp II #20261007812 Report a problem
    2/14/2026Price change$175,000-12.5%$59/sqft
    Source: Realcomp II #20261007812 Report a problem
    2/6/2026Listed for sale$200,000+700%$67/sqft
    Source: Realcomp II #20261007812 Report a problem
    8/12/2024Sold$25,000$8/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $20,700 +22.5%
    2024-- $16,900 +31%
    2023-- $12,900 +59.3%
    2022-- $8,100 -6.9%
    2021-- $8,700
    2020$510 -42%$8,700 +11.5%
    2019$880 $7,800 +5.4%
    2018$880 $7,400
    2017-- $7,400 -40.3%
    2016$905 $12,400
    2015$905 -9.1%$12,400 -14.5%
    2013$995 +10%$14,501 -31.8%
    2010$905 $21,261 -12%
    2009-- $24,160 -13.5%
    2008-- $27,931
    2007-- $27,931 +5.5%
    2005$100 $26,475 +3%
    2004-- $25,704

    Find assessor info on the county website

    Neighborhood: Chandler Park

    Nearby schools

    GreatSchools rating
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