$772 Closing Credit¹
#20240034886, Benjamin Ness, Alex Lauer, Listing Office: Clyde Realty LLC
$711
closing credit¹
5298 Neff Ave Detroit, MI 48224
$59,900 List price
$711
Closing credit¹
2 beds
1 full
720 sqft
0.1 acres
$83 / sqft
House
Property details
About 5298 Neff Ave
**OPPORTUNITY** This 2 bedroom, 1 bathroom Cornerstone Village home could be perfect for a first-time homebuyer who isn't afraid of generating a little sweat equity or it could also be perfect for an investor looking to start or expand their portfolio! With Section 8 rents for similar properties as high as $1,100/month, the ROI on this property would be sky-high! The property features hardwood flooring throughout almost all of the property, an updated kitchen, an bathroom that would need very minimal work to make it nice, forced air heating, wrought-iron windows w/ storm windows, a 3D architectural shingle roof, a 3 seasons room, an oversized 1.5 car garage, and so much more! Best of all, the property is located in the East Warren/Cadieux Strategic Neighborhood Fund area, which has enabled the renovation of the Warren streetscape and has brought in tens of millions of dollars of both public and private investment, with more to come! NO SELLER FINANCING - VA OR FHA MAY BE CONSIDERED @ NO COST TO SELLER
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size720 sqft
BasementYes
Lot size0.15 Acres
Year built1950
ParkingOneandHalfCarGarage, Detached
MLS #20240089080
Garage1 space
Summary
- MLS Number: 20240089080
- MLS Name: Realcomp II Ltd
- Office Name: RE/MAX Leading Edge
- Office Phone: (734) 404-8800
- Listing Agent: Ryan E Kain, Samuel Kain
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$59,900
5298 Neff Ave
$711
closing credit¹
Sell your home with Rocket and save even more!
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 17, 2019 | Home Sold | $26,900 |
| Jan 17, 2019 | Home Sold | $58,500 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
1.1 mi
•9740 McKinney St
1
Distinctive College Preparatory
Public Charter KG-6
1.2 mi
•19360 Harper Ave
1
Tyrone Elementary School
Public Magnet 4-6
1.3 mi
•19525 Tyrone St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,125. The majority of Detroit, MI residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
33%
<35k
50%
35k-100k
15%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
50%
Single, No Kids
27%
Single, with Kids
13%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
11%
12-17 yrs old
22%
18-34 yrs old
41%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5298 Neff Ave
This home is located at 5298 Neff Ave in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 720 square foot home, which was built in 1950, sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $59,900.
In January 2025 more than 76 listings in Detroit, MI were sold above the asking price. During the same period more than 63 listings were sold at asking price, while more than 192 were sold below. The inventory of homes for sale in Detroit, MI between December and January 2025 increased by 8.7%. In January 2025 median list price was $87,445 and the average listing age was 58 days.
From Rocket Homes Real Estate and based on county public records data.