Detroit — Top 5 Renovation Picks (Aug 11, 2025)

7243 Dacosta — $84,900

  • Beds/Baths/Sqft: 3 bd / 1 ba / 853 sqft
  • Price per SqFt: $99
  • Lot size: 40,134 sqft
  • Year Built / Type: 1945 / Single Family Residential
  • Status / Last Sale: Listed (Active) / $84,900 Aug 11, 2025
  • Summary: This boarded property presents a significant renovation opportunity for a primary residence or investment. It features a spacious kitchen and a large backyard.
  • Renovation rationale:
    • Low price of $84,900 with a price per sqft of $99 makes it an affordable entry point for investors.
    • Large lot size of 40,134 sqft provides ample outdoor space for potential expansions or landscaping.
  • Why these metrics matter for renovation:
    • The affordable price offers a low entry point for renovation budgets, while the large lot allows for potential outdoor enhancements or additional structures, increasing overall property value.
  • Recommended renovation ideas: Focus on interior updates, including kitchen and bathroom renovations, and enhance the exterior for curb appeal.
  • View on Redfin

20093 FAUST Ave — $47,500

  • Beds/Baths/Sqft: 2 bd / 1 ba / 779 sqft
  • Price per SqFt: $61
  • Lot size: 5,227 sqft
  • Year Built / Type: 1944 / Single Family Residential
  • Status / Last Sale: Listed (Active) / $47,500 Aug 10, 2025
  • Summary: This two-bedroom ranch is a great opportunity for renovations at a very low price, reflecting needed repairs and updates.
  • Renovation rationale:
    • Incredibly low price of $47,500 and price per sqft of $61 provide a solid foundation for renovation.
    • Usable lot size of 5,227 sqft allows for outdoor enhancements or expansions.
  • Why these metrics matter for renovation:
    • The low price significantly reduces financial risk, while the small lot size keeps maintenance costs manageable, making it ideal for first-time investors.
  • Recommended renovation ideas: Focus on kitchen and bathroom updates, and consider adding outdoor living space.
  • View on Redfin

17136 Stout St — $79,900

  • Beds/Baths/Sqft: 3 bd / 1 ba / 993 sqft
  • Price per SqFt: $80
  • Lot size: 80,126 sqft
  • Year Built / Type: 1952 / Single Family Residential
  • Status / Last Sale: Listed (Active) / $79,900 Aug 11, 2025
  • Summary: This three-bedroom home features a large backyard and garage, making it ideal for families and renovation projects.
  • Renovation rationale:
    • Affordable price of $79,900 and low price per sqft of $80 provide an excellent opportunity for investment.
    • Expansive lot size of 80,126 sqft allows for significant renovations or additions.
  • Why these metrics matter for renovation:
    • The low price allows for a larger renovation budget, and the large lot offers flexibility for additions or outdoor enhancements, which can increase property value.
  • Recommended renovation ideas: Update the interior, enhance outdoor spaces, and consider adding a second bathroom for increased functionality.
  • View on Redfin

18134 Dequindre St — $125,000

  • Beds/Baths/Sqft: 3 bd / 2 ba / 993 sqft
  • Price per SqFt: $126
  • Lot size: 5,227 sqft
  • Year Built / Type: 1956 / Single Family Residential
  • Status / Last Sale: Listed (Active) / $125,000 Aug 10, 2025
  • Summary: A charming three-bedroom home with modern updates, including a finished basement, ready for a new owner.
  • Renovation rationale:
    • Priced at $125,000 with a price per sqft of $126, it offers a solid investment opportunity.
    • The small lot size is manageable, reducing maintenance costs while providing enough space for outdoor living.
  • Why these metrics matter for renovation:
    • The reasonable price allows for potential equity growth through targeted renovations, and the finished basement adds usable space, enhancing rental or resale value.
  • Recommended renovation ideas: Focus on enhancing outdoor spaces and possibly expanding the basement for additional living space.
  • View on Redfin

3605 Chatsworth St — $249,900

  • Beds/Baths/Sqft: 3 bd / 2 ba / 1,673 sqft
  • Price per SqFt: $149
  • Lot size: 50,111 sqft
  • Year Built / Type: 1931 / Single Family Residential
  • Status / Last Sale: Listed (Active) / $249,900 Aug 11, 2025
  • Summary: This beautifully restored brick Tudor offers a blend of old-world charm and modern upgrades, move-in ready with no detail overlooked.
  • Renovation rationale:
    • Competitive price of $249,900 with a price per sqft of $149 reflects the value of the upgrades while still allowing for additional improvements.
    • Large lot size of 50,111 sqft provides ample outdoor space for potential enhancements or expansions.
  • Why these metrics matter for renovation:
    • The reasonable price paired with the large lot allows for further renovations to increase property value, while the existing upgrades reduce immediate renovation costs.
  • Recommended renovation ideas: Consider enhancing outdoor entertaining areas and updating any remaining original features for a modern touch.
  • View on Redfin

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This makes spotting a good deal so much easier.