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Backup Offers

3531 E 118th St, Cleveland, OH, 44105

$110,000

Home List Price

$1,306*

Closing Credit

4 Bedrooms
2 Full Baths
3,038 SqFt
$36/SqFt
Multi
Schools Nearby

Location

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3531 E 118th St, Cleveland$110,000

Buyer Closing Credits

$1,306*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingCarport
Year Built1918
HeatingForced Air
CoolingNone
BasementYes
MLS #5038770
Lot Size0.09 Acres
StatusAccepting Backup Offers
(Contingent)

About 3531 E 118th St

Welcome to this remarkable investment opportunity! This charming duplex boasts two spacious units, each featuring 2 bedrooms. With recent upgrades including a new roof, vinyl siding, plumbing, and water heaters. First floor showcases new furnace and hot water heater installations, ensuring comfort and efficiency for tenants. This was originally 3 bedroom each unit as recorded in county which is rare and could be made back to 3 bedrooms each unit. This is a Great investment for someone who wants to finish the work on the house and collect rental income. This property presents a turnkey opportunity for those looking to capitalize on the thriving rental market. Being sold as-is. Don't miss out on the chance to add this gem to your portfolio!

Property Details

Property Features

Property Information:

  • Year Built: 1918
  • Stories: 2
  • Living Area: 3,038 SqFt

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Phone: (216) 554-3413
  • Listing Agent: Carol Y Joiner

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other

Parking Information:

  • Attached Garage: No
  • Parking: Carport

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Off Union Ave to E 118th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $110,000
  • Price Per SqFt: $36/SqFt

Tax Information:

  • Annual Amount: $401
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cleveland, OH.

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Cleveland, OH

City

Med. Sold Price

$157.3K

Med. Price/SqFt

$95

Avg. Days On Market

41

# of Sold Homes

722

3531 E 118th St vs Cleveland

15 DAYS ON ROCKET

-26 Days

$110,000

-$47.3K Less

$36/SqFt

-$59 Less

KEY TAKEAWAY

This property is $47.3K less than the Median Sold Price and $59/SqFt less than other homes in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5038770

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Phone: (216) 554-3413
  • Listing Agent: Carol Y Joiner

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 3:20:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$401$11,030
2019$371$11,030
2018$370$11,030
2017$402$11,350

History based on county public records data.

Payment Calculator

$617

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$396

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-6034379
3
/10

  • Village Preparatory School:: Woodland Hills Campus

  • 9201 Crane Ave

  • 1.12 miles

  • Public Charter Grades KG-3

school-card-donut-6034380
3
/10

  • Phoenix Village Academy Primary 2

  • 12601 Shaker Blvd

  • 1.52 miles

  • Public Charter Grades 3-6

school-card-donut-6034381
5
/10

  • Onaway Elementary School

  • 3115 Woodbury Rd

  • 1.71 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,100. Most Cleveland, OH residents have annual incomes less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44105›3531 E 118th St

This home is located at 3531 E 118th St in Cleveland, OH and zip code 44105 in the Union-Rice neighborhood. This 3,038 square foot home, which was built in 1918, sits on a 0.09 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $110,000.

Cleveland, OH housing market in April 2024 saw over 284 listings sold above listed price, more than 94 sold at listed price and over 344 sold below. Between March 2024 and April 2024, Cleveland, OH real estate market has seen decrease in the number of listings by 1.2%. While the average time on the market in April 2024 was 41 days, the median list price was $157,362.

From Rocket Homes Real Estate and based on county public records data.

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