Eminem's house is up for auction in Detroit for just 1 dollar - now a true "Stan" can get their hands on the ultimate Eminem memorabilia collector's item.

Eminem's house up for auction in Detroit is at 19946 Dresden. The house was featured on the cover of his 2000 album, the Marshall Mathers LP.  It is located just south of 8 Mile Road on Detroit's east side. The minimum bid for the Eminem house is just 1 dollar.

The Eminem house up for auction in Detroit is currently vacant, and is little more than a boarded-up, 767-square-foot shack. According to the Detroit Free Press, the metal porch roof and downspout are missing, and the fake stone facade is stained.

Eminem's mother bought the Eminem house up for auction in Detroit in 1987 for $19,000 in an agreement requiring her to pay the couple who owned it $3,000 upfront and $220 a month.  Ms. Mathers was issued a deed for the house in 1994.  She turned it over to Ann Investment the same day.

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According to the Detroit Free Pree, "the property changed hands about 10 times before the Wayne County Treasurer's Office foreclosed for non-payment of taxes in 2001. A company listed as EM & UU Properties bought the house for $1 in 2009."

Detroit is famous as the Motor City, the American city where auto manufacturers Henry Ford, Chrysler, and General Motors made their fortune.  Since that time, however, the city has been steadily declining due to the erosion of jobs and other factors.  Many Detroit neighborhoods are suffering from urban blight with run down houses and high crime; city services can't be supported by the current tax base.

Some look at the current condition of Detroit as ripe for renewal.  Urban farming and other experimental projects have taken hold due to the vast amount of vacant land.  Enterprising people who are able to deal with the lack of amenities are buying houses for themselves to fix up.  Large land speculators are also buying and holding larger tracts of land in hopes of a comeback for the Motor City.

Eminem's house up for auction in Detroit is just one house in a city of many blighted properties.  The house is just one out of more than 11,000 vacant properties in Detroit owned by the Michigan Land Bank, a state-run agency that manages vacant properties in some of the city's most decaying neighborhoods.   

Last year, the home failed to sell at tax auction for the minimum bid of $500 - like more than 4,000 other homes in the area.  The Treasurer's Office turned it over to Land Bank.

According to Zillow, the Eminem house is currently valued at $32,675.

"In a case like this, if the property is blighted, or the whole neighborhood is blighted, it would be unusual to get a buyer,' said Kim Homan, executive director of the Michigan Land Bank. "Nobody knew it was Eminem's home, either. But with the neighborhood being rough..."

Neighbor Rhonda Brown, says she'd like to see Eminem buy the home, fix it up and donate it to a city resident: "It's sad to see things like this, especially when you made it successful.  My little coins, I put together and try to give back. Why (can't) millionaires ... do that? One or two of us is not going to work. We need a load full of people who still have passion, still have love for Detroit."