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5940 Engel Ave, Cleveland, OH, 44127

$99,000

Home List Price

$1,176*

Closing Credit

5 Bedrooms
3 Full Baths
2,414 SqFt
$41/SqFt
Multi
Schools Nearby

Location

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5940 Engel Ave, Cleveland$99,000

Buyer Closing Credits

$1,176*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingDriveway, Off Street, On Street
Year Built1905
HeatingForced Air
CoolingNone
BasementYes
MLS #5023512
Lot Size0.10 Acres
StatusActive

About 5940 Engel Ave

Welcome to an outstanding investment opportunity in the heart of a thriving neighborhood! This 3-family property is a fantastic investment for both investors and owner occupants. Most of the work here has been done! Boasting updated cabinets, countertops, flooring, fixtures, bathrooms and more. Roof replaced August 2023, some new HVAC, and recently re-wired and new plumbing. There is still room for further enhancements so bring your creativity! With three separate units, the property presents diverse income opportunities, catering to both long-term tenants and short-term leasing strategies. Its convenient location ensures easy access to amenities and transportation, adding to its appeal. Whether you're a seasoned investor or a newcomer to the real estate market, this property holds promise for long-term appreciation and financial growth. Selling as-is. Front down unit occupied $750/month rent.

Property Details

Property Features

Property Information:

  • Year Built: 1905
  • Stories: 2
  • Living Area: 2,414 SqFt

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Email: klrw297@kw.com
  • Listing Agent: Jessica L Ivans

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Off Street, On Street

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: N of Broadway, E of rt 77

Price Information

Listing Price Info

Price Summary:

  • List Price: $99,000
  • Price Per SqFt: $41/SqFt

Tax Information:

  • Annual Amount: $1,044
  • 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

$157.2K

Med. Price/SqFt

$95

Avg. Days On Market

45

# of Sold Homes

634

5940 Engel Ave vs Cleveland

46 DAYS ON ROCKET

+1 Day

$99,000

-$58.2K Less

$41/SqFt

-$54 Less

KEY TAKEAWAY

This property is $58.2K less than the Median Sold Price and $54/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: #5023512

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Email: klrw297@kw.com
  • Listing Agent: Jessica L Ivans

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: 4/28/2024, 12:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 01, 2004Home Sold
$86,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,044$11,940
2019$966$11,940
2018$973$11,940
2017$1,037$12,260

History based on county public records data.

Payment Calculator

$562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$363

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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-2249482
5
/10

  • Constellation Schools: Eastside Arts Academy

  • 6804 Lansing Ave

  • 0.97 miles

  • Public Charter Grades KG-5

school-card-donut-2249483
3
/10

  • Village Preparatory School:: Woodland Hills Campus

  • 9201 Crane Ave

  • 1.33 miles

  • Public Charter Grades KG-3

school-card-donut-2249484
3
/10

  • Cleveland School of Arts Lower Campus

  • 2501 E 61st St

  • 1.71 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,591. Residents of Cleveland, OH typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44127›5940 Engel Ave

This home is located at 5940 Engel Ave in Cleveland, OH and zip code 44127 in the Broadway-Slavic village neighborhood. This 2,414 square foot home, which was built in 1905, sits on a 0.10 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 13, 2024 and is currently priced at $99,000.

Over 217 listings were sold over their listed price in March 2024 in Cleveland, OH. In the same period over 318 listings were sold below the listed price and 99 listings were sold for the listed price. The number of homes for sale in Cleveland, OH increased by 5.3% between February 2024 and March 2024. In March 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $157,247.

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

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