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