$220,000
$29K PRICE DROP

12718 Lorain Ave Cleveland, OH 44111

Jefferson Neighborhood

Estimated payment $1,428/month

Total Views 28,075
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Welcome to 12718 Lorain Ave, a beautifully renovated multi-unit building that offers both comfort and convenience. This property features three fully occupied units, making it an excellent investment opportunity. Each unit has been freshly painted, showcasing modern finishes and a welcoming atmosphere. Enjoy the added benefit of an easement on the driveway, providing easy access for residents and guests alike. With its prime location and well-maintained interiors, this building is ready for you to step in and enjoy immediate rental income. Don’t miss out on this fantastic opportunity

Listing Agent

Izzeldin Izheman

RE/MAX Omega Brokerage Email: iz_dean@hotmail.com 440-318-5675 License #2021001699 Listed on: 11/02/2024

Co-Listing Agent

Rami Ahmad

RE/MAX Omega Brokerage Email: iz_dean@hotmail.com 440-318-5675 License #2018004518

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1925

Lot Details

  • 3,541 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System

Community Details

  • Lenox Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 021-27-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,262

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1925
  • Attribution Contact: iz_dean@hotmail.com 440-318-5675
  • Co List Office Phone: 330-225-2880
  • Subdivision Name: Lenox Park
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Acres: 0.0813
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Steam
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 021-27-027

Tax Info

  • Tax Annual Amount: 3262.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,035 $39,095 $3,710 $35,385
2023 $3,262 $32,660 $4,100 $28,560
2022 $3,257 $32,655 $4,095 $28,560
2021 $3,267 $32,660 $4,100 $28,560
2020 $3,085 $29,680 $3,710 $25,970
2019 $2,905 $84,800 $10,600 $74,200
2018 $2,833 $29,680 $3,710 $25,970
2017 $3,559 $35,040 $5,460 $29,580
2016 $3,561 $35,040 $5,460 $29,580
2015 $4,029 $35,040 $5,460 $29,580
2014 $4,029 $39,840 $6,200 $33,640
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2025 08/01/25 Price Changed $220,000 -3.9% --
05/06/2025 05/06/25 Price Changed $229,000 -8.0% --
11/02/2024 11/02/24 For Sale $249,000 -- --
Source: MLS Now

Purchase History

Date Type Sale Price Title Company
Warranty Deed $95,000 Chicago Title Insurance C
Warranty Deed $110,000 Statewide
Deed $53,500 --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $88,000 Commercial
Previous Owner $40,800 Commercial
Source: Public Records

Source: MLS Now

MLS Number: 5082360

MLS Now

APN: 021-27-027

Ohio Cuyahoga County Cleveland 44111 Jefferson

12718 Lorain Ave, Cleveland, OH

For Sale

MultiFamily

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Listing Agent
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Section Image
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