4488 Humboldt Street
Detroit, MI 48208

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Description

These are seven contiguous vacant lots available in the Core City neighborhood, including: 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt, with a combined total of approximately 0.44 acres. Situated near Grand River Ave and Buchanan St. Zoned residential, this bundle offers excellent potential for new construction/infill development. All lots must be purchased together and cannot be separated. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48208
• School District: Detroit
• Lot Size: 1307 sq ft lot
• Directions: Southeast on Grand River Ave, then west on Forest Ave
• List Price Acre: 1266666.67
• Lot Size Area: 0.03
• Lot Size Square Feet: 1306.8
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W10I008200S
• Street Type: Paved
• Tax Legal Description: E HUMBOLDT S 34 FT 26 BERNHARD & JULIUS STROHS SUB L8 P90 PLATS, W C R 10/40 34 X 29