Detroit — Top 5 Renovation Picks (Aug 09, 2025)

19320 Grandville Ave — $40,000

  • Beds/Baths/Sqft: 3 bd / 2 ba / 1,038 sqft
  • Price per SqFt: $39
  • Lot size: 5,663 sqft
  • Year Built / Type: 1952 / Single Family Residential
  • District / MLS: Education Achievement Authority Of Michigan and Detroit Public Schools Community District. / 25040249
  • Status / Last Sale: Listed (Active) / $40,000 Aug 9, 2025
  • Summary: This 3-bedroom, 2-bath home features a finished basement and a functional layout, making it a strong candidate for renovation and rental potential.
  • Renovation rationale:
    • Low price per sqft at $39, offering significant equity upside.
    • Finished basement adds usable space, enhancing rental appeal.
  • Why these metrics matter for renovation:
    • The low price per sqft allows for a larger renovation budget, while the finished basement can be transformed into additional living space or rental units, maximizing ARV.
  • Recommended renovation ideas:
    • Update kitchen and bathrooms, enhance curb appeal, and consider finishing the basement for additional rental income.

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2989 Oakman Ct — $90,000

  • Beds/Baths/Sqft: 4 bd / 1.5 ba / 1,919 sqft
  • Price per SqFt: $47
  • Lot size: 5,663 sqft
  • Year Built / Type: 1935 / Single Family Residential
  • District / MLS: Education Achievement Authority Of Michigan and Detroit Public Schools Community District. / 25040192
  • Status / Last Sale: Listed (Active) / $90,000 Aug 9, 2025
  • Summary: This property offers a solid foundation in a historic neighborhood, perfect for investors looking for a renovation project.
  • Renovation rationale:
    • Low price per sqft at $47 makes it highly attractive for renovation.
    • Located in a neighborhood undergoing revitalization, increasing potential resale value.
  • Why these metrics matter for renovation:
    • The low price per sqft provides flexibility in renovation budgets, while the neighborhood’s growth can lead to increased property values post-renovation.
  • Recommended renovation ideas:
    • Focus on kitchen and bathroom updates, enhance landscaping, and consider modernizing the interior layout for better flow.

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12880 Sussex St — $45,000

  • Beds/Baths/Sqft: 2 bd / 1 ba / 1,200 sqft
  • Price per SqFt: $38
  • Lot size: 41,100 sqft
  • Year Built / Type: 1940 / Single Family Residential
  • District / MLS: Education Achievement Authority Of Michigan and Detroit Public Schools Community District. / 60926245
  • Status / Last Sale: Listed (Active) / $45,000 Aug 9, 2025
  • Summary: This cozy bungalow offers great potential for customization and equity building, ideal for first-time buyers or investors.
  • Renovation rationale:
    • Extremely low price per sqft at $38 and a large lot size of 41,100 sqft.
  • Why these metrics matter for renovation:
    • The low acquisition cost and large lot size present opportunities for expansion or additional structures, which can significantly increase property value.
  • Recommended renovation ideas:
    • Update the kitchen and bathroom, enhance the outdoor space, and consider adding a deck or patio for outdoor living.

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12922 Grayfield St — $97,900

  • Beds/Baths/Sqft: 3 bd / 1 ba / 900 sqft
  • Price per SqFt: $109
  • Lot size: 40,135 sqft
  • Year Built / Type: 1947 / Single Family Residential
  • District / MLS: Education Achievement Authority Of Michigan and Detroit Public Schools Community District. / 60926237
  • Status / Last Sale: Listed (Active) / $97,900 Aug 9, 2025
  • Summary: This charming brick ranch is in a desirable community, offering a cozy living space with room for updates.
  • Renovation rationale:
    • Priced reasonably with a large lot size of 40,135 sqft, providing ample outdoor space.
  • Why these metrics matter for renovation:
    • The combination of a reasonable price and substantial lot size allows for potential expansions or landscaping enhancements, increasing overall value.
  • Recommended renovation ideas:
    • Modernize the kitchen, update fixtures throughout, and enhance outdoor living spaces.

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15454 Gilchrist St — $125,000

  • Beds/Baths/Sqft: 3 bd / 1.5 ba / 1,737 sqft
  • Price per SqFt: $72
  • Lot size: 40,121 sqft
  • Year Built / Type: 1938 / Single Family Residential
  • District / MLS: — / 60926369
  • Status / Last Sale: Coming Soon / $125,000 Aug 8, 2025
  • Summary: This solid brick colonial in a prime location offers move-in condition with high-end finishes and ample space for a family.
  • Renovation rationale:
    • Low price per sqft at $72, with high-end finishes already present.
  • Why these metrics matter for renovation:
    • The low price per sqft allows for cost-effective updates while maintaining the potential for strong resale value due to existing quality finishes.
  • Recommended renovation ideas:
    • Minor updates to kitchen and bathrooms, enhance curb appeal, and consider adding outdoor entertainment features.

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