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7320 E Lafayette, Detroit, MI 48214

Detroit
Local realty services provided by:CENTURY 21 Northland
7320 E Lafayette,Detroit, MI 48214
$115,000
  • 0.3 Acres
  • Lots / Land
  • Active
Listed by: bill swanson
Office: o'connor realty detroit, llc.
MLS#:60325701
Source:MI_REALSOURCE

Price summary

  • Price:$115,000

About this home

Nice sized buildable land in Islandview in the vibrant and growing Villages neighborhood. Low Income Housing Income Tax Potential - According to the U.S. Housing and Urban Development website, this property is located in a Qualified Tract Zone, which allows for an additional 30% of low income housing credits, in addition to the 9% credit on qualified development costs. Buyer to Verify Zoning - The property is zoned R5, which allows for apartments/affordable housing to be constructed. Also, R5 zoning may allow for certain specified non-residential uses, as long as those uses can be blended into the district. So, for example, the first floor of a building could be rented out to businesses such as convenience stores, gyms, hair/nail salon, and other businesses which directly support residents.

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Home facts

  • Subdivision & Development:M. W. FIELDS SUB (PLATS)
  • Listing ID #:60325701
  • Added:827 day(s) ago
  • Updated:October 29, 2026 at 10:48 AM

Structure and exterior

  • Lot area:0.3 Acres

Utilities

  • Water:Public Water at Street
  • Sewer:Public At Street

Finances and disclosures

  • Price:$115,000
  • Tax amount:$103
MLS LogoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. MI_REALSOURCE Member Broker: Brad Platt

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