SingleFamilyResidence at 4240 W 23rd Street, Cleveland
SingleFamilyResidence at 4240 W 23rd Street, Cleveland, photo 2 of 22
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Bedroom - 4240 W 23rd Street, Cleveland
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22 photos

$109,900

4240 W 23rd Street
Cleveland, OH 44109
Listed by David S Sharkey · Progressive Urban Real Estate Co
Bedrooms
4
Bathrooms
1
Living area
1,422 sqft
Year built
1917

About this home

This investment property offers an excellent opportunity that generates $1,100 per month in passive rental income. Inside, the home features three to four bedrooms, carpet throughout the living room, dining room, and bedrooms, creating a warm and comfortable living environment. The kitchen and bathroom are finished with durable vinyl plank flooring. Conveniently located on Cleveland's Old Brooklyn neighborhood, the home provides easy access downtown, University Circle, Steelyard Commons and to major transportation routes, including SR 176, I-71, I-90 and I-480 allowing for quick commutes throughout the Greater Cleveland area. Whether you're looking to expand your investment portfolio or secure a property with steady cash flow potential, this home presents a strong opportunity in a convenient and established Cleveland neighborhood.

Property details

MLS #
5218746
Property type
SingleFamilyResidence
Subdivision
Old Brooklyn
Status
Active
Days on market
5
On market date
June 17, 2026
Stories
2
Total bathrooms
1
Garage spaces
1
Parking spaces
N/A
Lot size
0.0892 acres
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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Benjamin Franklin
0.52 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
414
Student:teacher ratio
15.9:1
District
Cleveland Municipal
MiddleCharter
Constellation Schools: Old Brooklyn Community Middle
0.57 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
245
Student:teacher ratio
24.5:1
District
Constellation Schools: Old Brooklyn Community Middle
High
Facing History High School@Charles Mooney
0.43 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
205
Student:teacher ratio
12.8:1
District
Cleveland Municipal

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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

78
Walkable
out of 100
EPA National Walkability Index
12.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks8
Schools10
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Cleveland, from live MLS data.

On the market 5 days -- 43 fewer days than Cleveland's current average of 48 days.
For reference, the median list price across 1,625 active listings in Cleveland right now is $130,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$812/mo
$21,980 down
$87,920 loan
Principal & interest$570
Property tax (est.)$92
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated July 5, 2026.

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.