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David Margolis

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

$ 375,000

Est. payment | -/mo

6 Beds

4 Baths

9,147 Sqft Lot

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$ 375,000

Est. payment | -/mo

Save

6 Beds

4 Baths

9,147 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Van Sweringen Company'S

MLS Listing ID 5252900

Bedrooms 6

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1941

Annual Tax Amount $9,342

Tax Year 2025

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Duplex

Property Description

BACK ON THE MARKET AT NO FAULT OF THE SELLERS! Incredible opportunity to own a spacious, income producing 2-family property in a prime Shaker Heights location. The property is a short walk from the shops, restaurants, and entertainment of the Van Aken District and within the highly desirable Shaker Heights school district. Valid POS certificate through 2028. An inspection report is available upon an accepted offer. FHA and VA buyers are welcome! Whether you're looking to live in one unit while the other helps pay your mortgage or add a turnkey income property to your portfolio, this duplex offers excellent flexibility. Situated on a beautiful, tree lined corner lot, this classic brick colonial features two units, each with its own street address and private front entrance. The upper unit enters from Chagrin, while the lower enters from Storer, both units have central air. The rear hallway, staircase, back entrance, and basement are shared.The lower unit is a fully remodeled 3 bedroom, 1.5 bath residence, while the upper unit is a newly updated 3 bedroom, 2 full bath residence that is vacant and move in ready. Both units feature spacious living areas, fireplaces, and hardwood floors throughout. The property offers a three car garage, generous storage, and separate laundry facilities for each unit. A large basement bonus room provides additional flexibility for a home office, gym, or recreation space. Gas and electric are separately metered and paid directly by tenants, leaving water and sewer as the owner's only recurring utility expenses. Lower unit is currently rented for $1,700 per month to a reliable tenant, approximately $300 below market value. The upper unit has an estimated market rental value of $2,200 per month. At current rents, the property offers approximately $3,900 in monthly income. Once the lower unit reaches market rent, the property could generate approximately $4,200 per month, or $50,400 annually. Schedule your private showing today!

Location

State OH

County Cuyahoga

Community Common Grounds/Area, Fitness Center, Golf, Medical Service, Playground, Park, Shopping, Tennis Court(S)

Rooms

Basement Unfinished

Interior

Interior Features Bookcases, Natural Woodwork

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Laundry In Basement

Exterior

Parking Features Detached, Garage

Garage Spaces 3.0

Garage Description 3.0

Community Features Common Grounds/Area, Fitness Center, Golf, Medical Service, Playground, Park, Shopping, Tennis Court(s)

View Y/N Yes

Water Access Desc Public

View Trees/Woods

Roof Type Slate

Accessibility None

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Shaker Heights Csd - 1827

Others

Tax ID 736-23-029

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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

Listed by Cielo McClain • Keller Williams Citywide • Cielo@CieloBlueCielo.com, 440-662-3704

Schools and Properties Nearby

David Margolis

Agent License ID: 2011001930

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

19208 Chagrin Shaker Heights, OH 44122

David Margolis

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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19208 Chagrin