Detroit, Michigan
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This four-bedroom, 1.5-bathroom house in the Jefferson Chalmers neighborhood of Detroit is for sale for $5,000. It was last sold at a foreclosure auction in September 2012 for an undisclosed price. It was built in 1919 and is about 93 percent less expensive than the area's median home value of $70,000.
The 1,903-square-foot house is being sold as-is. It has a sunroom, detached two car garage, a fireplace with built-in bookshelves and hardwood floors.
