1729 Lee Place

Off Market

1729 Lee Place

Detroit MI 48206

2340 sq. ft.

0.07 ac.

Multi-Family

Last sold for $25,000

Catina Willis, last sold this property on 29 May 2026 after 124 days on market.

Overview

Development Opportunity in Detroit's Historic Virginia Park Neighborhood. Welcome to 1729 Lee Place, a multi-family property located in the heart of Detroit's desirable Virginia Park Neighborhood. This property presents a solid opportunity for investors, developers, or owner-occupants seeking to establish a presence in a neighborhood experiencing continued revitalization. The property features two residential units, each offering 3 bedrooms and 1 full bathroom, providing a functional layout suitable for rental use, redevelopment, or long-term investment strategies. Conveniently located just minutes from Henry Ford Hospital, Wayne State University, the Motown Museum, and downtown Detroit, this property benefits from proximity to major employers, cultural landmarks, and ongoing development activity throughout the area. With its location and multi-unit configuration, 1729 Lee Place offers strong potential in one of Detroit's historic and steadily growing neighborhoods. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Features

2 bathrooms

2340 sq. ft. floor area

0.07 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Detroit over the last 12 months, the estimated median property value of 1729 Lee Place is $117.45k.

Median value

$117.45k

Estimated value range

$5k - $1m

Median days on market

Estimated value trend

32%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Detroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1729 Lee Place

2026

Sold

$25,000

29 May 2026 by Catina Willis, of Next Level Realty & Investments

Happy sellers in Detroit

96%

96% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Detroit over the last 12 months.

Local market activity for multi families in Detroit

In the last 12 months, 84 multi families similar to 1729 Lee Place, have been sold.

This represents a 8% decrease in multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Detroit for a market analysis.

Randall Fogelman

at O'Connor Realty Inc

(93 reviews)

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Erik Hill

at Nika & Co

4.9

(15 reviews)

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Mark Poloney

(3 reviews)

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Nada Chamoun

at Paloma Realty

(13 reviews)

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Nearby agents

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Randall Fogelman

Sellers who recommend Randall Fogelman have praised them for being local expert, supportive, responsive, reliable, clear communication, great negotiation, and patient