Great investment opportunity at 5981 University Pl, Detroit, MI! This tenant-occupied home, currently on Section?8, generates $995/month in steady rental income and offers solid long-term potential. Inside, you'll find a warm and inviting layout with hardwood floors, generous natural light, and charming vintage details. Located in a well-connected Detroit neighborhood close to schools, parks, shopping, and public transportation, it’s perfect for both investors seeking reliable cash flow and buyers considering occupancy after lease end. Showings by appointment only with accepted offer. Buyer’s agent to verify all information.
Sold for $64,000
$64,000
5981 University Pl, Detroit, MI 48224
3beds
964sqft
Single Family Residence
Built in 1948
5,227 Square Feet Lot
$65,100 Zestimate®
$66/sqft
$1,307 Estimated rent
Home value
$65,100
$59,000 - $71,000
$1,307/mo
Zestimate® history
Owner options
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$1,307/mo
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$1,307/mo
Rent Zestimate®
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$368/mo
Est. payment
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$368/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Arianna Lee 313-401-9190,
National Realty Centers, Inc,
Ryan Donahue 734-377-3203,
National Realty Centers, Inc
Bought with:
Christine Sterling, 6501462157
EXP Realty Main
Source: Realcomp II,MLS#: 20251013249
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Second
- Area: 224
- Dimensions: 14 X 16
Bedroom
- Level: Entry
- Area: 144
- Dimensions: 12 X 12
Bedroom
- Level: Entry
- Area: 132
- Dimensions: 12 X 11
Other
- Level: Entry
- Area: 56
- Dimensions: 8 X 7
Heating
- Forced Air, Natural Gas
Appliances
- Laundry: Gas Dryer Hookup, Washer Hookup
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 964 sqft
- Finished area above ground: 964
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage, Detached, Driveway
- Garage spaces: 2
Features
- Levels: One And One Half
- Stories: 1.5
- Entry location: GroundLevel
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 5,227 Square Feet
- Dimensions: 40 x 133.38
Details
- Parcel number: 21077459
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1948
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: LODEWYCK 1
HOA
- Has HOA: No
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $31,395
- Annual tax amount: $2,954
- Date on market: 7/3/2025
- Cumulative days on market: 211 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Warranty Deed
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Sold | $64,000+36.2%$66/sqft |
Source:  Realcomp II #20251013249 Report a problem | ||
| 8/21/2024 | Sold | $47,000-34.7%$49/sqft |
Source: Public Record Report a problem | ||
| 6/10/2022 | Sold | $72,000+16.1%$75/sqft |
Source: Public Record Report a problem | ||
| 1/19/2021 | Sold | $62,000-22.4%$64/sqft |
Source: Public Record Report a problem | ||
| 12/11/2018 | Sold | $79,908+24.7%$83/sqft |
Source: Public Record Report a problem | ||
| 1/30/2006 | Sold | $64,100-55%$66/sqft |
Source: Public Record Report a problem | ||
| 12/20/2004 | Sold | $142,592+5.6%$148/sqft |
Source: Public Record Report a problem | ||
| 7/30/2004 | Sold | $135,000+104.5%$140/sqft |
Source: Public Record Report a problem | ||
| 8/29/2003 | Sold | $66,000-7.8%$68/sqft |
Source: Public Record Report a problem | ||
| 3/1/2002 | Sold | $71,606+19.3%$74/sqft |
Source: Public Record Report a problem | ||
| 4/18/2000 | Sold | $60,000$62/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $40,200 +34.4% |
| 2024 | -- | $29,900 +21.1% |
| 2023 | -- | $24,700 +27.3% |
| 2022 | -- | $19,400 +10.9% |
| 2021 | -- | $17,500 |
| 2020 | $850 +52.5% | $17,500 +18.2% |
| 2019 | $557 | $14,800 +11.3% |
| 2018 | $557 | $13,300 -2.2% |
| 2017 | -- | $13,600 -31.3% |
| 2016 | $2,399 | $19,800 |
| 2015 | $2,399 +52.1% | $19,800 -10.2% |
| 2013 | $1,577 -34.3% | $22,044 -31.8% |
| 2010 | $2,399 | $32,320 -18% |
| 2009 | -- | $39,415 -14% |
| 2008 | -- | $45,831 |
| 2007 | -- | $45,831 +5.5% |
| 2005 | $531 | $43,442 +3% |
| 2004 | -- | $42,177 +8.7% |
| 2001 | $2,526 +36.2% | $38,800 +25.3% |
| 2000 | $1,854 | $30,977 |
Find assessor info on the county website
Neighborhood: Cornerstone Village
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Nearby schools
GreatSchools rating
- 3/10Marquette Elementary-Middle SchoolGrades: PK-8Distance: 0.3 mi
- 3/10East English Village Preparatory AcademyGrades: 9-12Distance: 0.6 mi
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Estimated market value
$65,100
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$65,100
- Michigan
- Wayne County
- Detroit
- 48224
- Cornerstone Village
- 5981 University Pl
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