$1,695,000
About this home
Incredible opportunity on over .41 of an acre property in the heart of Chagrin Falls, just steps from downtown shopping, restaurants, Riverside Park, and the iconic waterfalls. Overlooking the village with a deck, 2 balconies, and stone patio with wooded views, and a 2nd stone patio with views of downtown, this extensively renovated property offers exceptional flexibility as a high-performing income property or a truly one-of-a-kind personal residence within the Chagrin Falls School District. Taken down to the studs and transformed with over $1.8 million in improvements, including $48,000 in new piping from the home to the sewer in 2024, the property is currently configured as a short-term rental with strong income potential estimated at up to $15,000 per month. An elevator services the home, while a 4-car tandem garage and driveway parking for up to 9 vehicles add remarkable convenience rarely found this close to the village. The open-concept main level is designed for gathering, featuring a spacious family room with stone fireplace and balcony access, dining area with built-in live-edge wood bar, updated eat-in kitchen with stainless steel appliances and center island, plus a guest bedroom, full bath, and a sitting room with patio access that could serve as an additional bedroom. The third-level is highlighted by a vaulted owner’s suite with floor-to-ceiling stone fireplace, private balcony, walk-in closet, and spa-inspired bath with soaking tub and tiled Roman shower. This level also offers 2 additional bedrooms, including one with access to the deck, laundry, and the potential to complete a third kitchen for expanded rental use. The lower level functions as a private suite with its own entrance, living area, kitchen, bedroom, and full bath. INCLUDED are ALL kitchen appliances and washer/dryer.
Highlights
Property details
- MLS #
- 5238144
- Property type
- Triplex
- Subdivision
- Graves Allotment
- Status
- Active
- Days on market
- 101
- On market date
- May 12, 2026
- Stories
- 3
- Total bathrooms
- 4.5
- Garage spaces
- 4
- Parking spaces
- N/A
- Lot size
- 0.4116 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
- 495
- Student:teacher ratio
- 16.5:1
- District
- Chagrin Falls Exempted Village
- Enrollment
- 362
- Student:teacher ratio
- 16.5:1
- District
- Chagrin Falls Exempted Village
- Enrollment
- 656
- Student:teacher ratio
- 19.9:1
- District
- Chagrin Falls Exempted Village
Walkability
Blended score for Chagrin Falls'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.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 21, 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.