$674,900
About this home
Incredible Commercial Investment Opportunity Near Shaker Square & Shaker Heights! Part of Shaker Schools - an incredible bonus for residents with children. A spacious courtyard nestled between the buildings, perfect for outdoor relaxation and enjoyment. Don’t miss your chance to revitalize this stately, historic Tudor-style apartment complex located just steps from the vibrant Shaker Square and the charming community of Shaker Heights. Minutes from Downtown, University Circle, and more. This impressive 24-unit property spans two buildings with four entrances and includes three basement areas—all vacant and ready for renovation. Featuring a mix of 1-, 2-, and 3-bedroom units—some with two full bathrooms—these incredibly spacious apartments offer original hardwood floors, detailed wood trim, and functional layouts with separate kitchens, living rooms, and dining rooms. Each unit has access to both front and rear stairwells—with the front stairs fully enclosed and the rear semi-exposed. Laundry hookups in one of the basement areas. Three roughed-in "garden-level" units in the basement, offering the potential to expand to 27 total units. A complete unit breakdown by layout and location is available upon request. Photos are for illustrative purposes only; the condition of individual units may vary. With strong architectural character and generous unit sizes, this property is a rare opportunity for investors or developers seeking a high-potential value-add asset in a prime location. **No seller or creative financing available, and no assignments will be considered**. Buyers must have financing arranged and a pre-approval letter provided before submitting any offers.
Property details
- MLS
- NOWDD
- MLS #
- 5136197
- Property type
- Apartment
- Subdivision
- Van Sweringen Cos 11
- Status
- Active
- Days on market
- 454
- On market date
- July 17, 2025
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.5946 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 308
- Student:teacher ratio
- 16.2:1
- District
- Shaker Heights City
- Enrollment
- 651
- Student:teacher ratio
- 13.9:1
- District
- Shaker Heights City
- Enrollment
- 1,566
- Student:teacher ratio
- 15.1:1
- District
- Shaker Heights City
Walkability
Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.
Market position
How this listing compares to current activity in Cleveland, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 10 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.