The property currently generates $1,275/month in rental income, offering an investor the opportunity to purchase a tenant-occupied property with an established rental arrangement. Optionable lot Available - The adjacent lot at 16508 Lilac ST is also available for purchase for $6,500-The buyer has the option to purchase the lot separately or in addition tp 16502 Lilac St, providing an opportunity to acquire additional land next to the investment property.
Listed By
Agency Name: Worth Clark Realty
Agent Name: Priscilla Wade
Agency Phone: 800-991-6092
Shown By
Agent Name: Cindy Witke
Agent Phone: (616) 322-9990
Agency Title: Key Realty
![]() | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 08/21/2026. |
Estimated Payment
$ 1,091.73 per month $777.53 Principal & Interest $273.67 Property Tax $40.54 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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16502 Lilac Street | MLS# 26040806
This single family home located at 16502 Lilac Street, Detroit, MI 48221 is currently listed for sale with an asking price of $139,000. This property was built in 1928 and has 3 bedrooms and 1 full baths with 3049 sq. ft. Lilac Street is located in the The Garden Add subdivision within the Detroit school district. Search The Garden Add real estate on cindywitke.ikeyrealty.com today.