UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Van Sweringen Company'S
MLS Listing ID 5232076
Bedrooms 6
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1941
Annual Tax Amount $9,341
Tax Year 2025
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Duplex
Property Description
Classic brick colonial with a sided extension on a tree lined corner lot. Each unit has its own street address and its own front entrance on a different street, the upper off Chagrin and the lower off Storer. Separate addresses keep leases, mail, and utility accounts cleanly divided, and tenants come and go without crossing paths at the front door. A rear hallway, back stairs, back door, and basement are shared. The lower unit is a fully remodeled 3 bedroom, 1.5 bath. The upper is a newly updated 3 bedroom with 2 full baths. Both offer spacious living areas, fireplaces, and hardwood floors throughout, plus a 3 car garage and generous storage. Each unit has its own laundry in the shared basement, which also holds a large bonus room ready to become an office, gym, or rec space. Walkable addresses near Van Aken, steps from the restaurants, market hall, and shops, draw professional tenants and cut vacancy days. Gas and electric are separately metered, so the owner's only recurring utility expense is water and sewer as the tenants pay Gas and Electric. The property will be Point of Sale compliant at closing.
The lower unit is rented at $1,700 per month to a reliable, in place tenant. That is income from day one and roughly $300 under market, as comparable Shaker 3 bedrooms with 1 to 1.5 baths lease near $2,000. The upper unit, with its second full bath, is vacant and move in ready, and comparable 2 bath units near Van Aken support $2,200. That projects about $3,900 per month today, or roughly $4,200 per month and $50,400 annually once the lower unit resets.
One vacancy to lease at market, one under rented unit to raise, and two full 3 bedroom units that draw long term family tenants rather than annual churn. Separate addresses, separate front entrances, separate systems, separate meters. Schedule your showing before it is gone.
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
Appliance Dryer, Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer
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, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
NEARBY SCHOOL & BUSINESS
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