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1780 E 89th ST Cleveland, OH 44106
0.34 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision James W Stewarts Sub
MLS Listing ID 5176655
Construction Status Fixer
HOA Y/N No
Year Built 1920
Annual Tax Amount $6,390
Tax Year 2024
Lot Size 0.341 Acres
Acres 0.3407
Property Sub-Type Apartment
Property Description
Introducing an exceptional value-add opportunity in Cleveland's emerging Medical Corridor. Walking distance to 2 of Cleveland's Premier Hospitals and University Circle Area. Solid brick, eight-unit building (14,540 sq ft) sits on a double lotand comes fully permit-ready for an approved 16-unit expansion—plans crafted by LDA Architects and variances already inhand. Why Investors Are Taking Notice: Shovel-Ready Upside: City-approved architectural drawings and zoning variancesmean you can break ground almost immediately. Strong Cash-Flow Potential: The stabilized 16-unit project carries arecent appraisal near $3.6 million. Attractive Incentives: Low-interest city loans, extended state historic credits andanticipated federal credits, plus a 15-year tax abatement, all bolster your return. Land Assembly: Includes the neighboring parcel, with the option to secure a third lot for additional parking. Prime Location: Convenient to downtown Cleveland, major highways, and growing retail corridors—ideal for attracting long-term tenants. Don't miss this rare turnkey development play. Detailed financials, full plans, and incentive summaries available upon request. Serious inquiries only—schedule your site tour today.
Location
State OH
County Cuyahoga
Rooms
Basement Apartment, Full, Unfinished, Walk-Up Access, Walk-Out Access
Interior
Heating Other
Fireplace No
Exterior
Parking Features Additional Parking
Water Access Desc Public
Roof Type Asphalt
Present Use Investment,Multi-Family,Residential,Single Family
Building
Foundation Basement
Sewer Public Sewer
Water Public
Construction Status Fixer
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 119-05-029
Special Listing Condition Standard
Listed by Cielo McClain • Keller Williams Citywide • Cielo@CieloBlueCielo.com, 440-662-3704