Penrose, 48203, District 2
3 houses are for sale inside Penrose's boundary right now, in our homes index. Type the address and Rebuild Detroit makes you a real cash offer, checked against our network of local buyers.
Tevin Jackson, founder of Rebuild Detroit We buy houses in Penrose, Detroit. Call (888) 471-3135. About Tevin
Got it. Your cash offer comes by text.
Neon, the Rebuild Detroit text assistant, answers on (888) 471-3135. Send it a text now and it picks up from your address with a few short questions:
Text Neon nowNo cost, no obligation. Rebuild Detroit buys houses, and the offer you get is a real offer from us, confirmed at one walkthrough.
Neighborhoods next door
Three ways to sell
Worked on a house worth $71,700 once fixed up, the median here, that needs a new roof, a furnace, and updated wiring. Repairs are priced from our cost book: permit values filed in Metro Detroit blended with published Detroit figures.
$18,500
A real offer, confirmed at one walkthrough. Close in as little as 2 days with a clear title.
$68,000
The most money if the house is ready, after 30 to 90 days.
$57,000
A cash-out refinance, less what you owe, subject to a lender's approval.
Price my own house three ways Worked on the typical house here. Type your own address for your own offer from Rebuild Detroit, real and confirmed at one walkthrough. Loans are made by lenders on their own terms.
The houses
The Census puts the median home in Penrose at $71,700, 15% below Detroit's $83,900.
The median house was built in 1954, and 32% of the 801 homes here date from before 1940. Houses that old often still carry plaster walls, original wiring and a cast iron drain stack, the work a cash buyer prices in first.
100% of owners have no mortgage, so a cash price goes to them less closing costs and any taxes owed.
35% of homes stand vacant, by the Census count.
The median property tax bill is $2,474 a year; it is split at closing by the days each side owned the house.
Share of 801 homes, American Community Survey 2020 to 2024.
On the record
From Rebuild Detroit's homes index, the assessors' recorded sales, the building departments' permits and the City of Detroit's open data, refreshed daily.
Local cash buyers
Cash buyers in our network work in Penrose from the towns next door. Rebuild Detroit makes its own offer and checks your request against these buyers too, so you see the best one. Look any of them up.
Office in Dearborn Heights
Rebuild Detroit grade C-
See the profileThe local rules
Detroit has not required a pre-sale inspection on a house since November 2014; a seller may still order one. In February 2026 the City Council's Legislative Policy Division reported that bringing mandatory inspections back would take an amendment to the Housing Code.
A sale before the last day pays the taxes at closing, and what is left is yours. A former owner can claim what a foreclosure sale brings above the taxes owed by filing Form 5743 with the Wayne County Treasurer by the July 1 after the foreclosure.
On a $71,700 sale, Michigan's transfer taxes come to about $619: $540 to the state and $79 to the county, usually paid by the seller at closing.
Who you are dealing with
Rebuild Detroit buys houses in Penrose, the company Tevin Jackson founded and runs. When you ask for an offer here, the offer comes from us, not from a list of your details sold to investors, and it is checked against the local cash buyers in our network so you see the best way to sell.
Questions
Rebuild Detroit buys houses in Penrose itself, and cash buyers and wholesalers in our network serve it too, among them Dearborn Heights Carpet & Flooring Group. Rebuild Detroit makes its own offer and checks your request against them, so you see the best one.
Our offer starts from what the house would sell for fixed up, less the repairs, and never above what listing it would leave you. On a Penrose house worth $71,700 fixed up that needs a new roof, a furnace, and updated wiring, that is about $18,500. Type your own address for your own offer; it holds 95% of the time when the condition you give is accurate.
Detroit has not required a pre-sale inspection on a house since November 2014; a seller may still order one. In February 2026 the City Council's Legislative Policy Division reported that bringing mandatory inspections back would take an amendment to the Housing Code.
Unpaid taxes go to the Wayne County Treasurer ((313) 224-5990) on March 1. If they stay unpaid, the house forfeits a year later and the foreclosure takes title on March 31 of the year after that. Selling before then pays the taxes at closing, and the rest is yours.
Yes. Rebuild Detroit and the cash buyers in our network buy as is, with no repairs or cleanout. You still fill out the Michigan seller disclosure with what you know about the house, and a title company checks for liens and pays you at closing.
Next door
Penrose neighborhood guide Cash offers in all of Detroit Every town in Wayne County All of Metro Detroit
Sources
County and city rules checked October 24, 2026 on each office's own site. Rules, fees and phone numbers change, so call before you count on one.
