#20250003027, Gaston Munoz, Listing Office: Munoz Realty Inc
Property details
About 7320 E Lafayette St
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.
Highlights
Home typeVacant Land
StatusActive
Lot size0.3 Acres
MLS #20240050145
Summary
- Basement: No
- Attached Garage: No
- List Price: $115,000
- Lot: Corner Lot, Sidewalk
- Directions: Down the street from the Tunnel to Belle Isle
- Lot Size: 0.3 Acres
- MLS Number: 20240050145
- MLS Name: Realcomp II Ltd
- Office Name: OConnor Realty Detroit, LLC
- Office Phone: (313) 963-9891
- Listing Agent: Bill Swanson
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: 4/30/2025, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$115,000
7320 E Lafayette St
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Price information
Property sales
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Tax history
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Nearby schools
1
Roberto Clemente Learning Academy
Public District PK-5
0.3 mi
•1551 Beard St
2
Bennett Elementary School
Public District PK-5
0.8 mi
•2111 Mullane St
2
Harms Elementary School
Public District PK-5
0.8 mi
•2400 Central 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 $37,917. Most Detroit, MI residents have annual incomes less than $<35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
47%
<35k
44%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
32%
Single, No Kids
25%
Single, with Kids
16%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
11%
12-17 yrs old
28%
18-34 yrs old
33%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
White Castle
Jack In The Box
What do the neighbors drive?
Dodge
Kia
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 7320 E Lafayette St
The listing price of 7320 E Lafayette St property is $115,000.
The property 7320 E Lafayette St is land located in Detroit, Michigan, 48214.
Active Listing: 7320 E Lafayette St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7320 E Lafayette St are: Roberto Clemente Learning Academy (GreatSchools Rating 1/10), Bennett Elementary School (GreatSchools Rating 2/10), Harms Elementary School (GreatSchools Rating 2/10), Cesar Chavez Middle School (GreatSchools Rating 2/10), Neinas Dual Language Learning Academy (GreatSchools Rating 2/10), Clippert Academy (GreatSchools Rating 5/10), Cesar Chavez High School (GreatSchools Rating 5/10), Way Academy Vernor Site (GreatSchools Rating 1/10), Academy of the Americas High School (GreatSchools Rating 2/10).
The property 7320 E Lafayette St is 0.3 acres.
This home is located at 7320 E Lafayette St in Detroit, MI and zip code 48209 in the Near West neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $115,000.
Detroit, MI housing market in March 2025 saw over 91 listings sold above listed price, more than 81 sold at listed price and over 203 sold below. The inventory of homes for sale in Detroit, MI between February and March 2025 increased by 14.9%. In March 2025, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $89,542.
From Rocket Homes Real Estate and based on county public records data.