Eminem's childhood home, which was featured on the cover of his 2000 classic album, 'The Marshal Mathers LP,' has recently been placed on the auction block with a minimum bid of $1. Yes, you read that correctly.

Don't be shock by the low price. Ever since Detroit declared bankruptcy, prices on homes in the city have fallen to near record lows. It's an unfortunate state of affairs.

According to Freep.com, the house, located at 19946 Dresden just south of Eight Mile, is being auctioned off by Michigan Land Bank.

According to public records, the home was once owned by Em's mother, Deborah Mathers, from March 1992 until April 2003.

Zillow.com lists the 767-square-foot bungalow’s worth at $32,675. The property boasts 1.5 bathrooms and a detached garage. However, the house is dilapidated with the metal porch roof gone and the fake stone facade discolored.

“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 Michigan Land Bank executive Director Kim Homan. “Nobody knew it was Eminem’s home, either. But with the neighborhood being rough..."

So, if you want a piece of Eminem, here's your chance to own his crib in a not-so good neighborhood.

The house was up for sale in 2007, and there were no buyers, so it's very unlikely that Em will come and snatch it up. Hopefully, the buzz of his new album, 'The Marshall Mathers LP 2,' will motivate someone to buy the property and restore it for historical purposes.