3606 E 54th St Cleveland, OH 44105
Slavic Village NeighborhoodEstimated payment $696/month
Highlights
- 0.96 Acre Lot
- No HOA
- Bungalow
- Deck
- 2 Car Detached Garage
- Public Transportation
About This Home
ATTENTION INVESTORS! Turnkey Section 8 rental with a quality tenant in place paying $1,137 per month who wishes to remain—providing immediate, stable cash flow from day one. Well-maintained 3-bedroom, 1-bath home offering strong rental appeal and consistent income potential. Property features durable vinyl windows and siding, adding to the low-maintenance exterior. Interior is clean and functional, making it ideal for long-term tenancy and minimal upkeep. Major updates include an updated furnace and 2025 hot water tank, providing added confidence for investors.Situated on a manageable lot, this property is perfect for investors seeking a reliable, cash-flowing asset with solid fundamentals. Strong rental income, solid condition, and a performing tenant make this an excellent addition to any investment portfolio. Do not disturb tenant. Very limited showings until accepted offer. No wholesalers. No owner financing. Serious, qualified investors only.
Listing Agent
Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com, 216-210-7653 License #426983 Listed on: 03/18/2026
Co-Listing Agent
Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com, 216-210-7653 License #2022005290
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,990
Year Built
- Built in 1900
Lot Details
- 41,818 Sq Ft Lot
- Lot Dimensions are 35x120
Parking
- 2 Car Detached Garage
Home Design
- Bungalow
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- 1 Full Bathroom
Outdoor Features
- Deck
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 131-34-056
Community Details
Overview
- No Home Owners Association
- Joseph Stanley Subdivision
Amenities
- Public Transportation
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,990 | $29,750 | $4,060 | $25,690 |
| 2024 | $1,989 | $29,750 | $4,060 | $25,690 |
| 2023 | $1,064 | $13,730 | $2,840 | $10,890 |
| 2022 | $1,058 | $13,720 | $2,840 | $10,890 |
| 2021 | $1,048 | $13,720 | $2,840 | $10,890 |
| 2020 | $1,064 | $12,040 | $2,490 | $9,560 |
| 2019 | $986 | $34,400 | $7,100 | $27,300 |
| 2018 | $2,052 | $12,040 | $2,490 | $9,560 |
| 2017 | $1,024 | $12,110 | $1,610 | $10,500 |
| 2016 | $2,847 | $12,110 | $1,610 | $10,500 |
| 2015 | $1,020 | $12,110 | $1,610 | $10,500 |
| 2014 | $1,020 | $12,110 | $1,610 | $10,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/18/2026 03/18/26 | For Sale | $99,900 | +17.5% | $58 / Sq Ft | |
| 10/26/2022 10/26/22 | Sold | $85,000 | -5.5% | $70 / Sq Ft | View Prior Sale |
| 09/11/2022 09/11/22 | Pending | -- | -- | -- | |
| 09/07/2022 09/07/22 | For Sale | $89,900 | -- | $74 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $85,000 | City Title | |
| Limited Warranty Deed | $9,500 | Attorney | |
| Sheriffs Deed | $30,000 | Attorney | |
| Deed | $34,000 | Lakeside Title & Escrow Agen | |
| Sheriffs Deed | $30,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $38,500 | -- | |
| Deed | $10,000 | -- | |
| Deed | $22,000 | -- | |
| Deed | $25,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $65,250 | New Conventional | |
| Previous Owner | $48,750 | Purchase Money Mortgage |
Source: MLS Now
MLS Number: 5194231
APN: 131-34-056
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