Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3 Beds
1 Bath
3,049 sqft

$119,000

16502 Lilac Street, Detroit MI, 48221

Price per sqft$39.03
Built in1928
Property size3,049 sqft
Property typeResidential
Courtesy of Priscilla Wade, Worth Clark Realty

Overview

Active

Listed Sep 23, 2026

Updated 5h ago

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.

$792/mo

Est. mortgage payment based on a $119,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26040806

Interior Features

Bedrooms
3
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$3,284
Tax Frequency
Annually
MLS provider logo

Courtesy of Worth Clark Realty

The IDX display contains information sourced from the MichRIC® as of 10/10/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 MichRIC® All rights reserved.

Data last updated 10/10/2026

Powered by Luxury Presence