
$125,000
- Land
- 0.07 Acre
- $1,785,714 per Acre
- 8026 Kercheval St
- Detroit, MI
Vacant lot in the heart of the West Village commercial district.
Bill Swanson O'Connor Realty Detroit, LLC
Estimated payment $616/month
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.
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 |
---|---|---|---|---|
2023 | $92 | $1,200 | $0 | $0 |
2022 | $19 | $1,200 | $0 | $0 |
2021 | $18 | $1,200 | $0 | $0 |
2020 | $18 | $1,200 | $0 | $0 |
2019 | $18 | $1,200 | $0 | $0 |
2018 | $15 | $200 | $0 | $0 |
2017 | $4 | $200 | $0 | $0 |
2016 | $9 | $100 | $0 | $0 |
2015 | $10 | $100 | $0 | $0 |
2013 | $29 | $286 | $0 | $0 |
2010 | -- | $332 | $264 | $68 |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/10/2025 04/10/25 | Price Changed | $115,000 | -8.0% | -- |
07/23/2024 07/23/24 | For Sale | $125,000 | -- | -- |
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | -- | First American Title | |
Quit Claim Deed | -- | None Available | |
Quit Claim Deed | $4,450 | None Available |
Bill Swanson is one of the top real estate agent based in Detroit with extensive knowledge of Detroit and its neighborhoods. Bill lives., works, plays and raising his family in Detroit.
Source: Realcomp
MLS Number: 20240050145
APN: 17-01-351-10-02L