2831 E 124th Street , Cleveland, OH 44120 - $107,000

  • Beds: 4
  • Baths: 2 full
  • Sq. Feet: 1,574
  • Days on Site: n/a
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2831 E 124th Street , Cleveland, OH 44120
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Comments for 2831 E 124th Street , Cleveland, OH 44120

Opportunity meets flexibility - a 4-bedroom, 2-bathroom property sitting in the heart of Cleveland's sought-after Buckeye-Shaker neighborhood. Whether you're a homeowner looking for space, a house-hacker ready to offset your mortgage, or an investor building your portfolio, this property gives you the freedom to use it exactly the way your goals demand. Currently configured as a spacious single-family home, the property can easily be converted back to a duplex. The upper unit is well appointed with an kitchen and bath, giving you a comfortable, move-in ready home right now. The lower unit previously functioned as a second independent living space, and while the kitchen has been removed, it can easily be be changed. The plumbing, layout, and zoning are already in your favor ? add a kitchen back to the lower level and you have a fully functioning income-producing duplex ready to rent. The 2-car garage adds valuable off-street parking, a genuine amenity in this part of the city. For the homeowner: Move into the upper unit(or whole house), restore the lower kitchen at your own pace, and rent it out to have a tenant help cover your mortgage. It's one of the cleanest house-hack opportunities in this zip code. For the investor: The duplex zoning is already in place ? the hard part is done. Restore the lower unit, place tenants in both, and let the Buckeye-Shaker rental demand do the rest. Current market rents in the 44120 zip code put two-bedroom units in the $1,000$1,200 per month range, making the income potential here very real. The zoning is done. The bones are solid. The location is proven. All that's left is your vision ? schedule your showing today.

$107,000

Estimated Monthly Payment: $384.01 (including taxes & insurance estimates)

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Property Details

City: ClevelandProperty Type: Multi Unit - Multiple
Subdivision: Bruggs Farm SubLot Size: 0.09 Acres
School District: Cleveland Municipal - 1809Garage: 2
Bedrooms: 4Taxes: $1,376
Bathrooms: 2 fullStatus: Active
Square Feet: 1574Year Built: 1915
MLS#: 5243117 

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Property Features

Property Type: Multi Unit - MultipleParcel#: 129-16-018
Basement: UnfinishedParking: Driveway, Detached, Garage, Off Street, On Street
Basement: YesRoof Type: Asphalt, Shingle
Cooling: NoneSewer: Public Sewer
Exterior: Aluminum Siding, Vinyl SidingStories: 2.0
Garage: 2Taxes: $1,376
Heating: Forced AirWater: Public
Laundry: In BasementYear Built: 1915
Lot Size: 0.09 Acres 

School Information

School District: Cleveland Municipal - 1809

Listed By

Agency Name: Lokal Real Estate, LLC.
Agency Contact: sandor@lokalrealestate.com, 912-552-2960

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555

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  • Demographics
  • Walk Score

Cuyahoga County Demographic Information

Fips
Fips Code39035
Population
2020 to 2025 Changedown 2.5%
2010 Count1,280,122
2020 Count1,264,817
2025 Estimate (V2025)1,232,925
2020 Estimate (V2025)1,264,775
Age Distribution (Years Old)
0 to 45.2%
5 to 1720.1%
18 to 6454.2%
65 and Older20.5%
Gender
Male48.0%
Female52.0%
Place of Birth
Foreign7.7%
US92.3%
Education
High School Graduate, Age 25+91.5%
Bachelor's Degree or Higher, Age 25+36.5%
Computer and Internet use
Households with a computer94.0%
Households with a broadband Internet subscription89.5%
Language
English is Second Language, Age 5+12.3%
English is First Language, Age 5+87.7%
Veterans
Veterans54,264
Income
Per Capita Income$42,747
Median Household Income$64,468
People in Poverty14.9%
Commute
Average Work Commute Time24 minutes
Housing
Total Housing Units615,116
Households554,551
Average Household Size2.20
Owner-Occupied59.4%
Multi-Family34.9%
Owner-Occupied Median Value$195,400
Median selected monthly owner costs -with a mortgage$1,570
Median selected monthly owner costs -without a mortgage$671
Median gross rent$1,060
Building Permits
New Private Housing Issued 20241,685
Years at Residence
1 Year or More86.7%
Less Than 1 Year13.3%
Business and Employment
Private non-farm Establishments31,496
Private non-farm Employment681,543
Private non-farm Employment Growthup 0.7%
Nonemployer Establishments110,977
Number of Firms23,160
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 Area457.19 sq. miles
Population Per Square Mile2,800

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