
749 E 131st St Cleveland, OH 44108
Forest Hills NeighborhoodEstimated payment $572/month
Highlights
- Colonial Architecture
- No HOA
- Forced Air Heating System
About This Home
Investors, here’s your chance to own a fully updated, cashflowing Section 8 property with strong upside potential. This 3-bedroom, 1-bath home also features a bonus room on the first floor that can easily be converted into a fourth bedroom to further boost rental income. Currently, the property is generating $1,150 per month with CMHA paying 100% of the rent, and it’s eligible for a rent increase to $1,400–$1,600 per month with the proper adjustment request. The home is lead certified and has undergone significant updates, including a new furnace (2018), hot water tank (2018), electrical (2018), plumbing (2018), updated bathroom (2018), updated kitchen (2018), new flooring (2018), and a roof (2020), windows (2018), ext./int. paint (2018). With all major systems recently updated, this property is truly turnkey—offering minimal maintenance, immediate cash flow, and the security of guaranteed rent in a high-demand rental area. Don't miss out! Reach out to listing agent for walkthrough videos.
Listing Agent
Lokal Real Estate, LLC. Brokerage Email: 216-252-6580, marketing@lokalrealestate.com License #2021006563 Listed on: 08/12/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $663
Year Built
- Built in 1916 | Remodeled
Lot Details
- 2,701 Sq Ft Lot
Home Design
- Colonial Architecture
- Fiberglass Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,014 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- No Home Owners Association
- Elworthy Helwick Companys Frs Subdivision
Listing and Financial Details
- Assessor Parcel Number 110-15-052
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 |
---|---|---|---|---|
2024 | $663 | $9,905 | $2,380 | $7,525 |
2023 | $321 | $4,140 | $1,020 | $3,120 |
2022 | $319 | $4,130 | $1,020 | $3,120 |
2021 | $316 | $4,130 | $1,020 | $3,120 |
2020 | $300 | $3,400 | $840 | $2,560 |
2019 | $278 | $9,700 | $2,400 | $7,300 |
2018 | $277 | $3,400 | $840 | $2,560 |
2017 | $968 | $11,450 | $460 | $10,990 |
2016 | $961 | $11,450 | $460 | $10,990 |
2015 | $2,335 | $11,450 | $460 | $10,990 |
2014 | $2,335 | $12,710 | $490 | $12,220 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/12/2025 08/12/25 | For Sale | $95,000 | -- | $94 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $3,500 | World Class Title | |
Deed | $12,000 | -- | |
Deed | -- | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $2,500 | Unknown | |
Previous Owner | $56,232 | Stand Alone Refi Refinance Of Original Loan |
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Source: MLS Now
MLS Number: 5147658

APN: 110-15-052
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