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577 Lakewood, 
Detroit, MI

$101,000


4

Beds


1

Bath


1,760

Sq Ft


Single Family

Active

Listed by

Jessica Crossland

Downriver Homes LLC.

734-626-0478

Last updated:

January 5, 2026, 10:42 PM

MLS#

60955517

Source:

MI REALSOURCE

About This Home

577 Lakewood

Great Investor Opportunity! Located in the desirable Jefferson Chalmers area of Detroit, this brick colonial offers 4 bedrooms, 1 bathroom, an unfinished full basement, and a 2-car garage. Homes in this neighborhood are consistently selling for $200-300k! This is a great property for all types of buyers. Looking for a rental investment? This house is currently being renting out for $1,500 to a great tenant. Looking for a fix and flip project? Check out the comps and you will be shocked at the ARV. The home is livable and full of potential for the right investor looking to add value. Recent updates within the last five years include a new furnace, new hot water tank, updated electrical, and a refreshed kitchen with new flooring, countertop, and sink. The home could benefit from new windows and a small roof repair at the back, leaving plenty of room to customize and improve. Conveniently situated near neighborhood parks, the Detroit River, and the Grosse Pointe communities, this property offers both charm and opportunity. Home is being sold as is. Don't miss your chance to take on this promising project in a sought-after Detroit neighborhood!

Home Facts

Single Family

1 Bath

4 Bedrooms

Built in 1938

Price Summary

101,000

$57 per Sq. Ft.

MLS #:

60955517

Last Updated:

January 5, 2026, 10:42 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,760 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial

Building Area:

1,760 Sq. Ft.

Year Built:

1938


Lot

Lot Size (Sq. Ft):

4,356


Finances & Disclosures

Finances

Price:

$101,000

Price per Sq. Ft:

$57 per Sq. Ft.

Source:MI REALSOURCE
The information being provided by Michigan Mls/Mirealsource is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Michigan Mls/Mirealsource All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.