4 months on rocket

1396 E 53rd St, Cleveland, OH, 44103

$70,000

Home List Price

$831*

Closing Credit

6 Bedrooms
3 Full Baths
2,676 SqFt
$26/SqFt
Multi

Location

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1396 E 53rd St, Cleveland$70,000

Buyer Closing Credits

$831*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway
Year Built1890
HeatingForced Air
CoolingCeiling Fan(s)
BasementYes
MLS #5051957
Lot Size0.09 Acres
StatusActive

About 1396 E 53rd St

This is a fantastic investment opportunity in a rapidly growing area! This triplex features three spacious units, each with a potential rental income of $1,200 per month, totaling $3,600 monthly. Perfect for an investor looking to complete a project, this property can be Section 8 friendly and located near public transportation, shopping, schools, and parks. With high demand for rentals in this area, you can expect a steady stream of tenants. Don't miss out—contact us today to schedule a viewing!

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Stories: 3
  • Living Area: 2,676 SqFt

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Phone: (440) 694-5551
  • Listing Agent: Alexys Jones

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: Left of East 55th

Price Information

Listing Price Info

Price Summary:

  • List Price: $70,000
  • Price Per SqFt: $26/SqFt

Tax Information:

  • Annual Amount: $675
  • 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

$164.2K

Med. Price/SqFt

$99

Avg. Days On Market

36

# of Sold Homes

719

1396 E 53rd St vs Cleveland

140 DAYS ON ROCKET

+104 Days

$70,000

-$94.2K Less

$26/SqFt

-$74 Less

KEY TAKEAWAY

This property is $94.2K less than the Median Sold Price and $74/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: #5051957

Listing Office:

  • Office Name: Keller Williams Greater Metropolitan
  • Office Phone: (440) 694-5551
  • Listing Agent: Alexys Jones

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: 11/23/2024, 8:20:54 PM 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$675$7,740
2019$625$7,740
2018$623$7,740
2017$692$8,300

History based on county public records data.

Payment Calculator

$417

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$276

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NMLS#3030

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-975411
2
/10

  • Stepstone Academy

  • 3328 Carnegie Ave

  • 1.44 miles

  • Public Charter Grades KG-4

school-card-donut-975412
3
/10

  • Mayfair Elementary School

  • 13916 Mayfair Ave

  • 3.74 miles

  • Public District Grades 3-5

school-card-donut-975413
6
/10

  • Roxboro Elementary School

  • 2405 Roxboro Rd

  • 3.84 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,327. Typical income of Cleveland, OH residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44103›1396 E 53rd St

This home is located at 1396 E 53rd St in Cleveland, OH and zip code 44103 in the Goodrich / Kirtland Park neighborhood. This 2,676 square foot home, which was built in 1890, sits on a 0.09 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 07, 2024 and is currently priced at $70,000.

While more than 275 listings in Cleveland, OH in October 2024 were sold above asking price, there were more than 110 listings sold at asking price, and more than 333 were sold below. In October 2024 in Cleveland, OH there were 4.7% more homes for sale than in September 2024. In October 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $164,291.

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

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