29 days on rocket

2661 Grand Ave, Cleveland, OH, 44104

$329,900

Home List Price

$3,918*

Closing Credit

9 Bedrooms
4 Full Baths, 2 Partial
Multi

Location

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2661 Grand Ave, Cleveland$329,900

Buyer Closing Credits

$3,918*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOff Street, Paved
Year Built1890
HeatingForced Air
CoolingNone
BasementYes
MLS #5080255
Lot Size0.14 Acres
StatusActive

About 2661 Grand Ave

Investment Opportunity in Cleveland's New "Opportunity Corridor" - $330M Redevelopment! Seize this ground-floor investment in Cleveland's newly emerging "Opportunity Corridor" with a fully updated/lead-certified, mixed-use turnkey project. Featuring two well-cared-for, remodeled buildings that reflect beautiful workmanship and pride of ownership, this property offers immense potential. Building #1 includes vacant retail/storefront/office/warehouse space (the current owner is interested in leasing), along with three remodeled apartments. Two 1-bedroom units are rented for $700/month each, and one spacious 3-bedroom unit, just remodeled, is ready to rent for $1,250-$1,400/month (perfect for Section 8). There's room to increase rents, and this building also boasts a full basement, 5 bedrooms, 2 full/2 half baths, and ample parking. Building #2 is a beautiful 4-bedroom, 1.5-bath home, nicely remodeled/currently rented through Section 8 for $1,250/month, with an approved increase to $1,425. With ample parking, potential for billboard advertising, and turnkey professional management available, this is your chance to get in on Cleveland's fast-developing area before prices rise. Out-of-state investors are encouraged to research Cleveland's Opportunity Corridor project and see the potential this prime investment offers!

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Stories: 2

Listing Office:

  • Office Name: Coldwell Banker Schmidt Realty
  • Office Phone: (216) 210-7653
  • Listing Agent: Christopher A Frederick

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 4
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Off Street, Paved

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Off Grand

Price Information

Listing Price Info

Price Summary:

  • List Price: $329,900

Tax Information:

  • Annual Amount: $2,212
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$164.2K

Med. Price/SqFt

$99

Avg. Days On Market

36

# of Sold Homes

719

2661 Grand Ave vs Cleveland

29 DAYS ON ROCKET

-7 Days

$329,900

+$165.6K More

KEY TAKEAWAY

This property is $165.6K more than the Median Sold Price in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5080255

Listing Office:

  • Office Name: Coldwell Banker Schmidt Realty
  • Office Phone: (216) 210-7653
  • Listing Agent: Christopher A Frederick

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, 8:20:53 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$2,212$21,280
2019$2,107$21,530
2018$2,993$21,530
2017$668$6,580

History based on county public records data.

Payment Calculator

$1,714

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,056

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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-845230
6
/10
  • Roxboro Elementary School

  • 2405 Roxboro Rd

  • 2.01 miles

  • Public District Grades KG-5

school-card-donut-845231
2
/10
  • Stepstone Academy

  • 3328 Carnegie Ave

  • 2.14 miles

  • Public Charter Grades KG-4

school-card-donut-845232
5
/10
  • Constellation Schools: Eastside Arts Academy

  • 6700 Lansing Ave

  • 2.52 miles

  • Public Charter Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,545. 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 HomesOhioCuyahoga CountyCleveland441042661 Grand Ave

This home is located at 2661 Grand Ave in Cleveland, OH and zip code 44104 in the Buckeye-Woodhill neighborhood. This home, which was built in 1890, sits on a 0.14 acre lot. Features: 9 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $329,900.

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. The number of listings in Cleveland, OH increased by 4.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 36 days, the median list price was $164,291.

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

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