15772 Chatham St, Detroit, MI 48223

Property Description

Welcome to the latest offering from the Detroit Land Bank Authority. Discover a unique opportunity with this 2-bedroom ranch home located in Detroit. This aluminum-sided gem is awaiting your personal touch and creativity. Nestled on a spacious lot, it also includes an additional lot at 15776 Chatham, offering plenty of room for outdoor activities, landscaping, or gardening. Imagine the potential to create your own urban oasis or a perfect space for family gatherings. Conveniently located near local amenities and transportation, this home is ideal for those seeking a project with great possibilities. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines