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Touring Detroit's Crazy $10K (Or Less!) Real Estate Scene

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As Detroit attempts to claw its way out of an $18 billion bankruptcy hole, its real estate market offers some of the most affordable homes in the country. And when we say affordable, we don't mean $55K starter homes — we mean properties you can can buy for the price of a low-end iPod. Join us for a tour of the cheapest segment of the country's cheapest real estate market.

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Just a few hundred bucks buys this 1916 duplex containing a couple of two-bedroom apartments.
4 bed / 2 bath / 2,352 sq ft

$10,000

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This 1950s duplex comes complete with tenants. We can't say if that's a good thing.
4 bed / 2 bath / 2,250 sqft

This charming Cape Cod comes with "Florida Room" and a brand-new furnace.
3 bed / 1 bath /898 sqft

This one boasts hardwood floors, an alarm system, and a partially finished basement.
3 bed / 3 bath / 1,611 sqft

$10,000

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Just three blocks off Woodward, this 1912 fixer-upper might sound like a good deal at $10K, but the current owner only paid $800 for the place in 2008.
4 bed / 1 bath / 1,370 sqft

This Russell Woods duplex offers a lot of house for the money, asking just under $0.20 per square foot.
4 bed / 3 bath / 2,800 sqft

$10,000

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A cute Bungalow in Grandmont Rosedale comes with a fireplace and a garage.
4 bed / 1 bath / 1,324 sqft

Located on the unfortunately named Hurlbut Street, this house's interior has definitely lost a bit of copper.
3 bed / 2 bath / 1,338 sqft

With ornate woodwork and hardwood floors, there's still a lot to like about this east side home.
4 bed / 1 bath / 1,647 sqft

A house in the East Village is just a few blocks from the Joseph Barry Subdivision and several riverside parks.
3 bed / 1 bath / 1,592 sqft

$10,000

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Values in the Brightmoor neighborhood can only go up -- a recent trash clean-up yielded 70,000 pounds of rubbish.
3 bed / 1 bath / 922 sqft.

Walk a couple blocks for a round of golf at Chandler Park, or drive a few more blocks to the affluence of Grosse Pointe Park.
3 Beds / 2 Baths/ 1,477 sqft

A green bungalow by City Airport looks to have a relatively intact interior.
3 Beds / 1 Bath / 702 sqft

Just two blocks from Grosse Pointe Park, this 97-year-old duplex last sold for $52,000 in 2010.
4 Beds / 2 Baths / 2,000 sqft

This corner lot clearance home boasts its proximity to Redford High School, as it will eventually be torn down to make way for Detroit's second-ever Meijer superstore.
3 bed / 2 bath / 2,062 sqft

An interesting roofline on a west side home that's been "cleaned out both interior and exterior."
3 Beds / 1 bath / 1,530 sqft

$10,000

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This little house sold for $57,000 during the bullish days of 2007. Today, all it gets is a $10,000 ask with "AS IS" for a description.
3 bed /2 bath/800 sqft

This home may not have all of its windows, but those it does have are "newer."
3 Beds / 3 Baths / 2,304 sqft

$10,000

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This little bungalow looks cozy in the snow. Let's hope that stovepipe isn't indicative of a need for supplemental heat.
3 bed / 1 bath / 1,286 sqft

A large home just off Michigan Ave claims to have in inexplicable 7 bathrooms.
5 Beds / 7 baths / 1,658 sqft

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$480

Just a few hundred bucks buys this 1916 duplex containing a couple of two-bedroom apartments.
4 bed / 2 bath / 2,352 sq ft

$10,000

This 1950s duplex comes complete with tenants. We can't say if that's a good thing.
4 bed / 2 bath / 2,250 sqft

$7,900

This charming Cape Cod comes with "Florida Room" and a brand-new furnace.
3 bed / 1 bath /898 sqft

$8,644

This one boasts hardwood floors, an alarm system, and a partially finished basement.
3 bed / 3 bath / 1,611 sqft

$10,000

Just three blocks off Woodward, this 1912 fixer-upper might sound like a good deal at $10K, but the current owner only paid $800 for the place in 2008.
4 bed / 1 bath / 1,370 sqft

$550

This Russell Woods duplex offers a lot of house for the money, asking just under $0.20 per square foot.
4 bed / 3 bath / 2,800 sqft

$10,000

A cute Bungalow in Grandmont Rosedale comes with a fireplace and a garage.
4 bed / 1 bath / 1,324 sqft

$3,900

Located on the unfortunately named Hurlbut Street, this house's interior has definitely lost a bit of copper.
3 bed / 2 bath / 1,338 sqft

$4,900

With ornate woodwork and hardwood floors, there's still a lot to like about this east side home.
4 bed / 1 bath / 1,647 sqft

$4,000

A house in the East Village is just a few blocks from the Joseph Barry Subdivision and several riverside parks.
3 bed / 1 bath / 1,592 sqft

$10,000

Values in the Brightmoor neighborhood can only go up -- a recent trash clean-up yielded 70,000 pounds of rubbish.
3 bed / 1 bath / 922 sqft.

$5,000

Walk a couple blocks for a round of golf at Chandler Park, or drive a few more blocks to the affluence of Grosse Pointe Park.
3 Beds / 2 Baths/ 1,477 sqft

$6,000

A green bungalow by City Airport looks to have a relatively intact interior.
3 Beds / 1 Bath / 702 sqft

$6,900

Just two blocks from Grosse Pointe Park, this 97-year-old duplex last sold for $52,000 in 2010.
4 Beds / 2 Baths / 2,000 sqft

$9,500

This corner lot clearance home boasts its proximity to Redford High School, as it will eventually be torn down to make way for Detroit's second-ever Meijer superstore.
3 bed / 2 bath / 2,062 sqft

$9,850

An interesting roofline on a west side home that's been "cleaned out both interior and exterior."
3 Beds / 1 bath / 1,530 sqft

$10,000

This little house sold for $57,000 during the bullish days of 2007. Today, all it gets is a $10,000 ask with "AS IS" for a description.
3 bed /2 bath/800 sqft

$5,000

This home may not have all of its windows, but those it does have are "newer."
3 Beds / 3 Baths / 2,304 sqft

$10,000

This little bungalow looks cozy in the snow. Let's hope that stovepipe isn't indicative of a need for supplemental heat.
3 bed / 1 bath / 1,286 sqft

$6,900

A large home just off Michigan Ave claims to have in inexplicable 7 bathrooms.
5 Beds / 7 baths / 1,658 sqft