6 months on rocket

6901 Madison Ave, Cleveland, OH, 44102

$499,900

Home List Price

$5,936*

Closing Credit

8 Bedrooms
4 Full Baths
3,164 SqFt
$158/SqFt
Multi

Location

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6901 Madison Ave, Cleveland$499,900

Buyer Closing Credits

$5,936*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingUnpaved
Year Built1890
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
MLS #5034953
Lot Size0.11 Acres
StatusActive

About 6901 Madison Ave

Looking to grow your rental portfolio, look no further! Completely Turnkey Quadraplex in Eco Village. A unique mix of longer term traditional rent and Short term/Mid term tenants offer a steady income stream, with a ton of upside. All 4 units were completely remodeled, consisting of maple cabinetry, granite counters, exposed brick, stainless steel appliances, in unit laundry, smart thermostats, mix of vinyl plank flooring, wifi accessible, Central Air system, and much more. Units 3-4 come fully furnished, with future bookings in place through August. Smart camera system in place along with digital locks on the front entrance. All major mechanicals, roof, windows, plumbing, electrical 100% replaced. Dedicated HVAC systems for each unit. Sub-Water meters placed on each unit, not currently active, but can allow future owner to monitor water usage per unit. Gated parking lot in the back with 4 dedicated spots, along with electric car charger plug ins. All furnishing, security cameras, Appliances, convey. Call for additional questions. Property is zoned commercial, so verify with lender for financing options.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Stories: 2
  • Living Area: 3,164 SqFt

Listing Office:

  • Office Name: JAMM Real Estate Co.
  • Office Phone: (216) 409-2888
  • Listing Agent: Michael L Anter

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Range, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Unpaved

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: West of 65th

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,900
  • Price Per SqFt: $158/SqFt

Tax Information:

  • Annual Amount: $2,475
  • 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

6901 Madison Ave vs Cleveland

198 DAYS ON ROCKET

+162 Days

$499,900

+$335.6K More

$158/SqFt

+$58 More

KEY TAKEAWAY

This property is $335.6K more than the Median Sold Price and $58/SqFt more than other homes in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5034953

Listing Office:

  • Office Name: JAMM Real Estate Co.
  • Office Phone: (216) 409-2888
  • Listing Agent: Michael L Anter

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, 5:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 06, 2016Home Sold
$25,100
Mar 24, 2014Home Sold
$27,500
Jan 25, 2011Home Sold
$45,400
Jul 03, 2006Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,475$23,800
2019$2,330$23,810
2018$2,272$23,810
2017$1,689$16,630

History based on county public records data.

Payment Calculator

$2,562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,565

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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-817054
4
/10

  • Constellation Schools: Stockyard Community Elementary School

  • 3200 W 65th St

  • 0.68 miles

  • Public Charter Grades KG-6

school-card-donut-817055
5
/10

  • Louisa May Alcott Elementary School

  • 10308 Baltic Rd

  • 1.32 miles

  • Public District Grades KG-5

school-card-donut-817056
7
/10

  • Harrison Elementary School

  • 2080 Quail St

  • 2.33 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 $17,778. The majority of Cleveland, OH residents have income less than $35k annually. Most 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›44102›6901 Madison Ave

This home is located at 6901 Madison Ave in Cleveland, OH and zip code 44102 in the Detroit-Shoreway neighborhood. This 3,164 square foot home, which was built in 1890, sits on a 0.11 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $499,900.

In October 2024, from all listings sold in Cleveland, OH there were more than 275 sold above asking price, over 333 sold below and more than 110 were sold right at the asked price. The number of homes for sale in Cleveland, OH increased by 4.7% between September 2024 and October 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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