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Listed price in listed location currency (USD).
$115,000

420

MLS® 5250126

Overview

Key Facts

Type Duplex
Levels Residential Income
Size 2448 sqft
Garage 
Taxes $1,160
Days Active 1
Lot Size 0.1905 Acres
Approx. Age 1920
Avg. Price Per Sqft $46
MLS® Number 5250126

Property Address: 2897 E 111th St, Cleveland, OH, 44104-4803

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity – Cleveland Duplex with Value-Add Potential! Bring your vision to 2897 E. 111th St., a two-family property offering two separate units, each featuring 2 bedrooms and 1 full bathroom. Whether you're looking to renovate and hold as a rental or add another multifamily property to your portfolio, this duplex offers plenty of potential. Some improvements have already been started, including newer electrical panel boxes, one newer furnace, and one newer hot water tank. The property does have known electrical issues and will require additional electrical work, giving the next owner the opportunity to complete the improvements and maximize the property's potential. Conveniently located on Cleveland's east side with access to major employment, medical, and educational hubs, including the Cleveland Clinic and University Circle area. The nearby Opportunity Corridor provides improved connectivity between the east side, I-490, and University Circle, an area that continues to see public and private investment and redevelopment. With two rentable units and an affordable entry point into Cleveland's multifamily market, this could be an excellent opportunity for an investor looking for a renovation project with future income-producing potential. Property is being sold in its current condition. Buyer to perform their own due diligence regarding property condition, electrical system, repairs, rental potential, and projected income.
MLS® Number5250126
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementUnfinished
DrivewayDriveway
Garage Spaces
HeatForced Air
A/CNone

Extras

Price History

Last Sold Price

$63,000$63K

Appreciation

+0.0%

Avg. Days Listed

26 days

Today, For Sale for $115,000

For Sale · 0 days

$115,000

MLS® 5250126

7 hours ago

Not Sold Yet

October 2026, For Sale for $115,000

For Sale · 0 days

$115,000

MLS® 5250126

7 hours ago

Not Sold Yet

October 2024, Sold for $63,000

View of front of property with a porch and a front yard
Sold · 16 days

$63,000$68,500

MLS® 5075933

2 years ago

Sold on Oct 24, 2024

  • Oct 24, 2024, Sold for $63,000

Home Estimate Zoopraisal®

This property is estimated to sell between: $90,000 and $128,000.
Similar properties in this area sold on average for: $90,954
Expected to sell in 23 days. Similar properties sold in 24 days. This home has been on Zoocasa for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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