1356 W 58th StreetCleveland, OH 44102

1356 W 58th StreetCleveland, OH 44102

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$374,900 Pending
Multi Unit - Multiple MLS 5193584 New to the Market Pending
4 beds 2 full baths 1,920 sqft

Listed By

Agency Name: Berkshire Hathaway HomeServices Professional Realty
Agency Contact: acarr@BHHSpro.com, 216-952-8884

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Incredible opportunity in the heart of Detroit Shoreway. Perfect for both investors OR future owner-occupants. Positioned just steps from neighborhood favorite cafes, restaurants and the lakeefront Bike trail (being on the north side of Detroit ave!), this multi-unit property delivers both lifestyle and strong income potential. The current owner has made significant capital improvements, including replacing the HVAC systems for both units and adding central A/C, along with thoughtfully updating the kitchens and bathrooms. Additional highlights include refinished hardwood floors, fresh paint, updated plumbing/electrical - all creating a turn-key foundation for the next owner. The property is also in the process of becoming lead certified, adding another layer of long-term value and peace of mind. The lower unit will be vacant as of 4/30, opening the door for an ideal owner-occupant setup while still generating rental income from the upper unit... or for an investor to reset rents and maximize cash flow. Market rents strongly support the opportunity. The home also features a huge unfinished attic, offering exciting potential for future expansion or added value. Ample room for off street parking in the backyard!! Whether you're looking to house hack, expand your portfolio, or secure a well-located asset in one of Cleveland's most vibrant neighborhoods, this one checks all the boxes.

1356 W 58th Street | MLS# 5193584

This multi-family property located at 1356 W 58th Street, Cleveland, OH 44102 is currently listed for sale with an asking price of $374,900. W 58th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 2535searsroad.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Days on Market: 4
Heating: Forced Air, Gas
Lot Size: 0.07 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $5,758 / year
Year Built: 1900

Feature Descriptions

Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Exterior: Aluminum Siding
Laundry: In Basement
Parcel#: 002-12-043
Parking: Driveway, Paved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1356 W 58th Street, Cleveland, OH 44102
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,418.32 per month $1,829.14 Principal & Interest $479.83 Property Tax $109.35 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage