A brick two-family flat in Detroit’s Russell Woods neighborhood has been listed by the Detroit Land Bank Authority (DLBA), presenting an opportunity for experienced renovators to undertake a comprehensive rehabilitation project in one of the city’s historically significant districts.
Located in Russell Woods within Detroit, Michigan, the property reflects a traditional early 20th-century two-family flat design. This architectural style, common in Detroit’s historic neighborhoods, typically features stacked units with separate entrances, brick façades, and symmetrical layouts. While the building requires substantial repairs, its masonry construction and original footprint provide a base for restoration.
Redevelopment Potential in a Historic Setting
Russell Woods is known for its brick homes, mature tree canopy, and established street grid. Over recent years, the area has seen steady reinvestment focused on preserving architectural character while improving housing quality. Renovated multi-family properties in the neighborhood have demonstrated consistent rental interest and resale activity, though outcomes vary depending on renovation scope and market conditions.
Two-family flats offer multiple post-renovation strategies. Owners may choose long-term rental of both units, occupy one unit while leasing the other, or reposition the property for resale after rehabilitation. Buyers should independently assess neighborhood comparables and market demand before committing to a redevelopment plan.
DLBA Purchase and Compliance Requirements
All properties sold through the Detroit Land Bank Authority require a formal redevelopment proposal. Prospective buyers must submit a detailed scope of work, timeline, and proof of sufficient funds to complete the project. The DLBA reviews submissions to ensure capacity and alignment with stabilization goals.
Buyers should also review the Land Bank’s tax capture policy. In many cases, the DLBA retains the right to collect property taxes for up to five years after transfer. Waivers may be available under certain circumstances, sometimes involving a payment in lieu of taxes (PILOT), but such arrangements are not automatic and require approval.
Scope of Rehabilitation
The property is positioned for major rehabilitation. Renovators should anticipate work involving structural evaluation, roofing, electrical systems, plumbing, HVAC installation, and full interior reconstruction. Because of the scale of required improvements, the project is best suited for investors or developers familiar with large renovation budgets and permitting processes.
Long-Term Community Impact
DLBA offerings are intended to support neighborhood stabilization rather than short-term speculation. Restoring a historic duplex in Russell Woods contributes to preserving Detroit’s architectural heritage while expanding quality housing options. As reinvestment continues across established neighborhoods, fully rehabilitated multi-family properties remain part of the city’s evolving housing landscape.
For qualified buyers prepared to undertake a full renovation, this Russell Woods two-family flat represents an opportunity to combine redevelopment potential with long-term neighborhood impact.
Listed on Zillow
