1156 Norwood Rd — $39,900
- Beds/Baths/Sqft: 2 bd / 1 ba / 1,428 sqft
- Price per SqFt: $27
- Lot size: 5,600 sqft
- Year Built / Type: 1880 / Single Family Residential
- Status / Last Sale: Listed (Active) / $39,900 Aug 11, 2025
- Summary: This investment opportunity awaits your personal touches, conveniently located near all that Cleveland has to offer.
- Renovation rationale:
- Extremely low price per square foot at $27, allowing for significant renovation potential.
- Older home built in 1880, indicating potential for charm and character enhancement.
- Why these metrics matter for renovation:
- The low price per square foot opens up possibilities for a budget-friendly renovation, while the larger lot size provides room for expansion or outdoor enhancements.
- Recommended renovation ideas: Focus on modernizing the kitchen and bathroom, enhancing curb appeal, and possibly adding energy-efficient features.
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4226 E 164th St — $154,000
- Beds/Baths/Sqft: 3 bd / 2.5 ba / 2,650 sqft
- Price per SqFt: $58
- Lot size: 6,551 sqft
- Year Built / Type: 1949 / Single Family Residential
- Status / Last Sale: Listed (Active) / $154,000 Aug 11, 2025
- Summary: Spacious Cape Cod featuring a large living room, formal dining room, and an oversized family room, ready for your personal touch.
- Renovation rationale:
- Low price per square foot at $58, providing room for value-add renovations.
- Generous lot size of 6,551 sqft, allowing for potential outdoor improvements or expansions.
- Why these metrics matter for renovation:
- The spacious layout and low cost per square foot can facilitate a profitable renovation, targeting family buyers or renters looking for space.
- Recommended renovation ideas: Update the kitchen and bathrooms, enhance the landscaping, and consider opening up the floor plan for modern living.
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946 E 79th St — $215,000
- Beds/Baths/Sqft: 5 bd / 3 ba
- Year Built / Type: 1900 / Multi-Family (2-4 Unit)
- Status / Last Sale: Listed (Active) / $215,000 Aug 11, 2025
- Summary: Beautifully renovated triplex, ready to generate income with all major updates already completed.
- Renovation rationale:
- Multi-family property providing potential for multiple income streams.
- Recent renovations including a new roof and updated interiors, reducing immediate renovation costs.
- Why these metrics matter for renovation:
- The existing renovations mean less upfront investment is needed for repairs, allowing for quicker cash flow generation.
- Recommended renovation ideas: Minor cosmetic updates to maximize rental appeal and possibly convert an additional space into a rental unit.
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10515 Crestwood Ave — $39,900
- Beds/Baths/Sqft: 4 bd / 1 ba / 1,522 sqft
- Price per SqFt: $26
- Lot size: 4,560 sqft
- Year Built / Type: 1907 / Single Family Residential
- Status / Last Sale: Listed (Active) / $39,900 Aug 11, 2025
- Summary: Investment opportunity with plenty of living space and access to amenities, perfect for a renovation project.
- Renovation rationale:
- Very low price per square foot at $26, making it an attractive option for budget-conscious investors.
- The property size offers flexibility for renovations and potential expansions.
- Why these metrics matter for renovation:
- The low acquisition cost allows for a larger renovation budget, which can lead to higher returns on investment.
- Recommended renovation ideas: Update interiors, enhance the yard, and consider adding an additional bathroom to increase rental value.
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10111 Gibson Ave — $59,900
- Beds/Baths/Sqft: 4 bd / 2 ba / 1,632 sqft
- Price per SqFt: $37
- Lot size: 8,474 sqft
- Year Built / Type: 1918 / Multi-Family (2-4 Unit)
- Status / Last Sale: Listed (Active) / $59,900 Aug 8, 2025
- Summary: Exceptional investment opportunity located near the revitalizing Opportunity Corridor, with spacious rooms and rental income potential.
- Renovation rationale:
- Low price per square foot at $37, providing a strong foundation for renovation investment.
- Large lot size of 8,474 sqft, offering outdoor space for enhancements or additional structures.
- Why these metrics matter for renovation:
- The combination of low acquisition cost and large lot size can significantly increase the property’s value post-renovation.
- Recommended renovation ideas: Focus on modernizing the units, enhancing energy efficiency, and improving outdoor spaces for tenant appeal.
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