$95,000

18988 Algonac St Detroit, MI 48234

Mount Olivet Neighborhood

Estimated payment $588/month

3 Beds
1 Bath
1,040 Sq Ft
$91 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Cass Technical High School Rated 10
  • Garage

About This Home

WELCOME TO 18988 ALGONAC — A TURNKEY SECTION 8 INVESTMENT OPPORTUNITY LOCATED ON DETROIT’S EAST SIDE. THIS 3-BEDROOM, 1-BATHROOM HOME IS CURRENTLY LEASED TO A SECTION 8 TENANT AT $1,200 PER MONTH WITH A FRESH LEASE IN PLACE, PROVIDING IMMEDIATE CASH FLOW FROM DAY ONE. THE PROPERTY WAS FRESHLY RENOVATED IN 2026 AND OFFERS A LOW-MAINTENANCE INVESTMENT SETUP WITH THE TENANT RESPONSIBLE FOR ALL UTILITIES AND LAWN MAINTENANCE. STRONG RENTAL PERFORMANCE, RELIABLE GOVERNMENT-BACKED INCOME, AND A SOLID TENANT PLACEMENT MAKE THIS PROPERTY AN EXCELLENT ADDITION TO ANY INVESTOR’S PORTFOLIO. PROPERTY MAY BE PURCHASED INDIVIDUALLY OR AS A PACKAGE WITH 3423 BUCKINGHAM, WHICH IS CURRENTLY GENERATING $1,000 IN MONTHLY RENT. NO SHOWINGS WITHOUT AN ACCEPTED FULL PRICE OFFER.

Listing Agent

Marta Kopania

Realtyflo Inc License #6501424283 Listed on: 05/05/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1952 | Remodeled in 2026

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 35x115

Parking

  • Garage

Home Design

  • 1,040 Sq Ft Home
  • Brick Exterior Construction
  • Poured Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Additional Features

  • Basement

Community Details

  • Konczal Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number W17I015650S

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,025

Year Built

Built in 1952 | Remodeled in 2026

Lot Details

3,920 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1952
  • State Equalized Value: 28900.00
  • Year Renovated: 2026
  • Entry Location: GroundLevelwSteps
  • Property Sub Type: SingleFamilyResidence
  • Co List Office Mls Id: 386963
  • Above Grade Finished Sq Ft: 1040.00
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Poured
  • Construction Materials: Brick
  • Road Frontage Type: Paved
  • Disclosures: ExclusionsDoNotExist, NoRestrictions, TaxesNotHomesteadExempt
  • Exclusions: Exclusion(s) Do Not Exist
  • Home Warranty: No

Garage/Parking

  • Garage: Yes

Utilities

  • Heating: ForcedAir, NaturalGas
  • Sewer: SewerAtStreet
  • Water Source: WateratStreet

Schools

  • Junior High Dist: Detroit

Lot Info

  • Lot Dimensions: 35X115
  • Parcel Number: W17I015650S
  • Land Lease Expiration Date: 2026-09-30

Tax Info

  • Tax Amount Summer: 936.00
  • Tax Amount Winter: 89.00
  • Tax Annual Amount: 1025.00

Multi Family

  • Above Grade Finished Area Units: SquareFeet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $936 $28,900 $0 $0
2024 $941 $25,200 $0 $0
2023 $912 $20,300 $0 $0
2022 $992 $17,200 $0 $0
2021 $969 $13,700 $0 $0
2020 $959 $12,000 $0 $0
2019 $946 $10,500 $0 $0
2018 $816 $10,200 $0 $0
2017 $182 $9,600 $0 $0
2016 $1,068 $13,800 $0 $0
2015 $1,380 $13,800 $0 $0
2013 $1,853 $19,118 $0 $0
2010 -- $28,030 $725 $27,305
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2026 05/05/26 For Sale $95,000 +771.6% $91 / Sq Ft
12/05/2012 12/05/12 Sold $10,900 0.0% $9 / Sq Ft View Prior Sale
11/15/2012 11/15/12 Pending -- -- --
11/08/2012 11/08/12 For Sale $10,900 -- $9 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $8,200 None Available
Quit Claim Deed -- None Available
Sheriffs Deed $57,153 None Available
Source: Public Records

Source: Realcomp

MLS Number: 20261031720

Realcomp

APN: 17-015650

Michigan Wayne County Detroit 48234 Mount Olivet

18988 Algonac St, Detroit, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2026 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Marta Kopania
Listing Agent
Marta Kopania
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Realtyflo Inc
(734) 301-6553
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