Investment property priced to sell. Set up like duplex with two meters available, but regestered with the county as single family. What that means is that after renovations the property can be financed with a bank, whether to resale as a flip with new buyers or refinance the home and still profit from separate metered rental units with tenants paying the utilities. Also owner can live in one and rent out the other. Each unit has 2 bedrooms, 1 bath and kitchen. The property needs renovations. The bones are solid, only cosmetics are needed. Home comes with a Warrantee Deed and all property taxes and water are paid and current. Don't miss out on this deal!
Investment property priced to sell. Set up like duplex with two meters available, but regestered with the county as single family. What that means is that after renovations the property can be financed with a bank, whether to resale as a flip with new buyers or refinance the home and still profit from separate metered rental units with tenants paying the utilities. Also owner can live in one and rent out the other. Each unit has 2 bedrooms, 1 bath and kitchen. The property needs renovations. The bones are solid, only cosmetics are needed. Home comes with a Warrantee Deed and all property taxes and water are paid and current. Don't miss out on this deal!
REALCOMP #20240037833
Oct 18, 2024
Sold
$46,000
$27/sq ft
Oct 7, 2024
Pending
—
Jul 14, 2024
Relisted
—
Jul 10, 2024
Pending
—
May 31, 2024
Listed
$51,900
$31/sq ft
REALCOMP #217007369
Jun 15, 2017
Sold
$6,500
$4/sq ft
Jun 7, 2017
Pending
—
Mar 2, 2017
Price Changed
$11,500
$7/sq ft
Jan 31, 2017
Listed
$15,000
$9/sq ft
MiRealSource-MiMLS #21256920
Jun 15, 2017
Sold
$6,500
$4/sq ft
Jun 7, 2017
Pending
—
Mar 2, 2017
Price Changed
$11,500
$7/sq ft
Jan 31, 2017
Listed
$15,000
$9/sq ft
Jan 31, 2017
Listed
$11,500
$7/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,912 (+61.8%)
2024
$1,182 (+4.6%)
2023
$1,130 (+3.0%)
2022
$1,098 (+2.7%)
2021
$1,069 (+2.3%)
2020
$1,045 (−4.8%)
2019
$1,098 (+1.8%)
2018
$1,079 (−2.7%)
2017
$1,109 (−7.6%)
2016
$1,200 (−3.5%)
2015
$1,243 (−3.4%)
2014
$1,287
Tax history for 5545 RIDGEWOOD St
Year
Property tax
Land + Additions
Assessment*
2025
$1,912 (+61.8%)
2024
$1,182 (+4.6%)
2023
$1,130 (+3.0%)
2022
$1,098 (+2.7%)
2021
$1,069 (+2.3%)
2020
$1,045 (−4.8%)
2019
$1,098 (+1.8%)
2018
$1,079 (−2.7%)
2017
$1,109 (−7.6%)
2016
$1,200 (−3.5%)
2015
$1,243 (−3.4%)
2014
$1,287
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
1.5
Stories
1.5
Lot width
35 ft.
Lot depth
120 ft.
Lot size
6,098 Sq. Ft.
Year renovated
—
Sq. Ft.
1,688
Year built
1923
Style
Single Family Residential
County
Wayne County
APN
16004292.
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 8, 2026.
R2
Two-Family Residential District
The R2 Two-Family Residential District is designed to protect and enhance those areas developed or likely to develop with single- or two-family dwellings. The district regulations are designed to promote a suitable environment for homes and for activities connected with family life. The only principal uses permitted by right are single- and two-family dwellings. Additional uses are conditional.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Parking
Parking/Garage Information
Has Garage
# of Parking Spaces in Garage: 1
Garage Type: Detached Garage
Interior
Interior Features
# of Rooms (Total): 6
Bathroom Information
# of Bathrooms (Full): 2
# of Baths/Lavatories (Total): 2
Laundry/Basement Information
Basement : Has Basement
Basement Type: Unfinished
Exterior
Exterior Features
Exterior Construction: Brick
Foundation Type: Basement
Property Information
Property Type: Residential
Structure Style: 2 Story
Year Built: 1923
Below Grade Sq. Ft.: 1125
Land Information
Land Contract: No
Acreage: 0.15
Roads: Paved Street
Frontage: 52
Financial
Tax/Assessments Information
Taxable Value: $10,303
Total Tax Amount: $1,130
Summer Tax Amount: $1,033
Winter Tax Amount: $97
Has Assessments
Assessments Amount: $240
Utilities
Utility Information
Heat/Fuel Type: Natural Gas
Water: Public Water
Heating System: Hot Water
Sewer Septic: Public Sanitary
Location
Unit 5 Information
Living Room Dimensions: L=1688
School Information
School District: Detroit City School District
School District: Detroit City School District
Address Information
Street Designation: Street
Location Details
Directions: Exit I-96, go south down Livernois, take left onto Ridgewood St, house is on the right.
Municipality Type: City
Municipality: Detroit
Mail City: Detroit
Subdivision: DAILEY PARK SUB (PLATS)
Municipality: Detroit
Area (Municipality): Detroit (82001)
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 1,688
Stories: 1.5
Lot Size: 6,098 square feet
Style: Single Family Residential
Year Built: 1923
Year Renovated: —
County: Wayne County
APN: 16004292.
Home facts updated by county records on Aug 8, 2026
Other
Listing Information
Originating MLS: RealComp
No
Around this home
Schools
Sampsonwebber Leadership Academy
Public PreK-8 • Assigned • 1.1mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Detroit, MI • 48204 2198
Average low and high temperatures (°F)
29
17
35
21
53
33
62
43
68
50
81
63
86
69
80
63
77
58
66
48
50
39
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 2.5 hours in December, placing it below the
U.S. average for solar exposure.
9.3 hrs
2.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$84,000 – $102,000
Sell confidently with a local market expert in Detroit. 3 minutes to get started.