$1,000
2% of area home value12351 Greenlawn
Detroit, MI
Detroit Land BankStructure
Location & enrichment
- Property type
- Structure
- Flood zone
- X
- Lot size
- —
- Nearest metro
- 6.3 mi
- Nearest airport
- 12.3 mi
- Assessed value (county)
- —
- Area median home value
- $43,100
- Area pop. trend (5yr)
- -7.3%
- Area median rent
- —
- Owner-occupied
- —
- Rental vacancy
- —
Not investment advice. Verify eligibility, price, and restrictions with the source listing before acting. Imagery is approximate (parcel centroid). Inventory checked July 8, 2026.
How to buy from the Detroit Land Bank
The Detroit Land Bank Authority sells move-in-ready and rehab homes through auctions and fixed-price Own It Now listings on buildingdetroit.org, and runs a separate side-lot program that sells vacant lots to adjacent neighbors at a deep discount.
Quick deal check
All-in $41,000 = 95% of ARV
Over budget for a flipARV starts from the area's median home value (Census) — replace it with real comps before acting. The 70% rule: flippers target purchase + rehab ≤ 70% of ARV. Not financial advice.
