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David Margolis

dbmgolis@me.com +1(216) 403-8079

$ 1,695,000

Est. payment | -/mo

5 Beds

5 Baths

3,785 SqFt

Save

$ 1,695,000

Est. payment | -/mo

Save

5 Beds

5 Baths

3,785 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,785 sqft

Price per Sqft $447

Subdivision Graves Allotment

MLS Listing ID 5238144

Bedrooms 5

Full Baths 4

Half Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 3,785

Year Built 1975

Annual Tax Amount $9,248

Tax Year 2025

Lot Size 0.412 Acres

Acres 0.4116

Property Sub-Type Triplex

Property Description

Incredible opportunity on over .41 of an acre property in the heart of Chagrin Falls, just steps from downtown shopping, restaurants, Riverside Park, and the iconic waterfalls. Overlooking the village with a deck, 2 balconies, and stone patio with wooded views, and a 2nd stone patio with views of downtown, this extensively renovated property offers exceptional flexibility as a high-performing income property or a truly one-of-a-kind personal residence within the Chagrin Falls School District. Taken down to the studs and transformed with over $1.8 million in improvements, including $48,000 in new piping from the home to the sewer in 2024, the property is currently configured as a short-term rental with strong income potential estimated at up to $15,000 per month. An elevator services the home, while a 4-car tandem garage and driveway parking for up to 9 vehicles add remarkable convenience rarely found this close to the village. The open-concept main level is designed for gathering, featuring a spacious family room with stone fireplace and balcony access, dining area with built-in live-edge wood bar, updated eat-in kitchen with stainless steel appliances and center island, plus a guest bedroom, full bath, and a sitting room with patio access that could serve as an additional bedroom. The third-level is highlighted by a vaulted owner's suite with floor-to-ceiling stone fireplace, private balcony, walk-in closet, and spa-inspired bath with soaking tub and tiled Roman shower. This level also offers 2 additional bedrooms, including one with access to the deck, laundry, and the potential to complete a third kitchen for expanded rental use. The lower level functions as a private suite with its own entrance, living area, kitchen, bedroom, and full bath. INCLUDED are ALL kitchen appliances and washer/dryer.

Location

State OH

County Cuyahoga

Rooms

Basement None

Interior

Interior Features Elevator, In-Law Floorplan

Heating Forced Air, Fireplace(s), Gas, Heat Pump, Zoned

Cooling Central Air, Ceiling Fan(s), Heat Pump

Fireplace Yes

Laundry Laundry Closet, Upper Level

Exterior

Exterior Feature Balcony

Parking Features Attached, Garage, Parking Pad

Garage Spaces 4.0

Garage Description 4.0

View Y/N Yes

Water Access Desc Public

View Trees/Woods

Roof Type Asphalt,Fiberglass

Porch Balcony

Private Pool No

Building

Lot Description Wooded

Story 3

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Chagrin Falls Evsd - 1808

Others

Tax ID 931-12-016

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Adam T Zimmerman • Engel & Völkers Distinct • 440-568-0400, cleveland@evrealestate.com

Schools and Properties Nearby

David Margolis

Agent License ID: 2011001930

+1(216) 403-8079 | dbmgolis@me.com

58 W Orange ST Chagrin Falls, OH 44022

David Margolis

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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58 W Orange ST