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Top Ten Under Twenty: Detroit's Best Buys Under $20K

By Paul Beshouri
30 comments / new
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By Paul Beshouri
30 comments / new

Detroit has some of the cheapest real estate in the world, but exactly how much bang can you really get for just a few bucks? Quite a bit, in fact. Digging through the current listings, we amassed our Top 10 Detroit properties with prices at or below $20K. We're not implying that these houses are anything near flawless, or that their property taxes aren't huge, or that they're on terrific streets. But many are large, in decent shape, and cost less than a compact car. Take a look at our Top Ten Under Twenty for all the house your money can buy.

Note: Many of these homes have additional photos available on their listing websites. Click the link on the right of each home if one catches your eye.

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$17,000

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Sneaking into the University District for under $20K is no easy feat.
Beds: 4
Baths: 2
SF: 2,016

17363 Warrington Drive, Detroit, MI 48221

$19,900

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Morningside is the hot 'hood for investors lately, or at least it was during the tax auction. This one looks to be in great shape.
Beds: 3
Baths: 1
SF: 1,593

4381 Balfour Road, Detroit, MI 48224

$19,900

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Seminole Street is best known as a main pillar of Indian Village, but this Duplex is five long blocks to the north.
Beds: 4-5
Baths: 3.5
SF: 3,200

5090 Seminole Street, Detroit, MI 48213

$18,000

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This is a lot of house for a tiny price.
Beds: 6
Baths: 2
SF: 2,592

1593 Cadillac Boulevard, Detroit, MI 48214

$16,900

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Here's a behemoth near Boston-Edison, just off of Woodward. It sold for $250K in 2005.
Bed: 5
Bath: 3
SF: 3,500

26 Atkinson Street, Detroit, MI 48202

$20,000

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Remember how this entire street is getting renovated over the next 2-3 years? Here's a condo in a Kahn-designed building right in the midst of it all. And it's insanely cheap.
Beds: 2
Baths: 1
SF: 800

120 Seward Street, Detroit, MI 48202

$17,000

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Up in NW Goldberg, this duplex just hit the market and has almost 4,000 square feet.
Beds: Unknown
Baths: 4
SF: 3,996

Missouri Street, Detroit, MI 48208

$13,000

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Another deal in Morningside.
Beds: 3
Baths: 2
SF: 1,800

3485 3 Mile Drive, Detroit, MI 48224

$14,900

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A lot of bang for your buck here, as this one is in great shape. Comes with breakfast nook, library, and a privacy fence.
Beds: 4
Baths: 1.5
SF: 2,010

4645 Devonshire Road, Detroit, MI 48224

$19,900

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This duplex has been completely remodeled, but the description warns of some "repairs" up front.
Beds: Unknown
Baths: 2
SF: 2,350

3006 Northwestern Street, Detroit, MI 48206

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$17,000

17363 Warrington Drive, Detroit, MI 48221

Sneaking into the University District for under $20K is no easy feat.
Beds: 4
Baths: 2
SF: 2,016

17363 Warrington Drive, Detroit, MI 48221

$19,900

4381 Balfour Road, Detroit, MI 48224

Morningside is the hot 'hood for investors lately, or at least it was during the tax auction. This one looks to be in great shape.
Beds: 3
Baths: 1
SF: 1,593

4381 Balfour Road, Detroit, MI 48224

$19,900

5090 Seminole Street, Detroit, MI 48213

Seminole Street is best known as a main pillar of Indian Village, but this Duplex is five long blocks to the north.
Beds: 4-5
Baths: 3.5
SF: 3,200

5090 Seminole Street, Detroit, MI 48213

$18,000

1593 Cadillac Boulevard, Detroit, MI 48214

This is a lot of house for a tiny price.
Beds: 6
Baths: 2
SF: 2,592

1593 Cadillac Boulevard, Detroit, MI 48214

$16,900

26 Atkinson Street, Detroit, MI 48202

Here's a behemoth near Boston-Edison, just off of Woodward. It sold for $250K in 2005.
Bed: 5
Bath: 3
SF: 3,500

26 Atkinson Street, Detroit, MI 48202

$20,000

120 Seward Street, Detroit, MI 48202

Remember how this entire street is getting renovated over the next 2-3 years? Here's a condo in a Kahn-designed building right in the midst of it all. And it's insanely cheap.
Beds: 2
Baths: 1
SF: 800

120 Seward Street, Detroit, MI 48202

$17,000

Missouri Street, Detroit, MI 48208

Up in NW Goldberg, this duplex just hit the market and has almost 4,000 square feet.
Beds: Unknown
Baths: 4
SF: 3,996

Missouri Street, Detroit, MI 48208

$13,000

3485 3 Mile Drive, Detroit, MI 48224

Another deal in Morningside.
Beds: 3
Baths: 2
SF: 1,800

3485 3 Mile Drive, Detroit, MI 48224

$14,900

4645 Devonshire Road, Detroit, MI 48224

A lot of bang for your buck here, as this one is in great shape. Comes with breakfast nook, library, and a privacy fence.
Beds: 4
Baths: 1.5
SF: 2,010

4645 Devonshire Road, Detroit, MI 48224

$19,900

3006 Northwestern Street, Detroit, MI 48206

This duplex has been completely remodeled, but the description warns of some "repairs" up front.
Beds: Unknown
Baths: 2
SF: 2,350

3006 Northwestern Street, Detroit, MI 48206