Michigan company looking to unload Detroit residence.
Built in 1945, the single-family residence located on Detroit's east side, is owned by Michigan Land Bank Fast Track Authority, a government program working to "promote economic growth" by rehabbing and selling public properties.
Em's mother, Debra Matthers, purchased the 747-square-foot house for $19,000 in 1987, and was listed as a resident until 2003. Since then, the property has been bought and sold roughly 10 times until it was acquired by Michigan Land Bank from Wayne County Treasurer's Office last year, after the house failed to reach the $500 minimum bid at auction. "In a case like this, if the property is blighted, or the whole neighborhood is blighted, it would be unusual to get a buyer," Michigan Land Bank executive Kim Homan said. "Nobody knew it was Eminem's home, either."
Other owners have tried to get rid of the location by slapping unusually large or extremely small tags on the home. EM & UU Properties bought the house for $1 in 2009, while another owner tried to sell the modest bungalow on eBay for $500,000.
Michigan Land Bank has not given a list price for the house, but according to Zillow.com its estimated worth is $32,675.
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(Photo: Christopher Polk/Getty Images)