$749,900

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 #

5136197

Property type

Apartment

Subdivision

Van Sweringen Cos 11

Status

Active

Days on market

378

On market date

July 17, 2025

Stories

N/A

Garage spaces

N/A

Lot size

0.5946 acres

Nearby schools

Within 10 miles · public school directory data (NCES)