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7320 E Lafayette, Detroit, MI

Detroit
Local realty services provided by:CENTURY 21 Realty North
7320 E Lafayette,Detroit, MI
$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

  • Listing ID #:60325701
  • Added:595 day(s) ago
  • Updated:March 10, 2026 at 05:46 PM

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

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