Patrick Freed
Patrick Freed
REALTOR®
BEDS6
BATHS2 full
SQUARE FEET1,948
MLS#5250673
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWalton Brothers
SCHOOLCleveland Municipal - 1809
Property Description
A truly rare opportunity in the heart of Cleveland's beloved and historic Little Italy! This 0.26-acre parcel offers an exceptional chance to own a piece of one of the city's most vibrant and sought-after neighborhoods. Currently situated with a duplex, the existing structure provides an opportunity to renovate and utilize the property as-is, while the size and layout of the parcel create potential for the ultimate Little Italy land opportunity: 10-Unit Luxury Development Potential OR Premier Private Estate Site, subject to zoning and applicable approvals. Positioned on an expansive 11,300+ sq. ft. corner lot, this property offers unprecedented scale, high-margin flexibility, and an elite location tailored perfectly for developers, syndicators, or a private buyer looking to build a landmark custom compound steps from CWRU and UH. For the high-yield development play, the sale includes 5 site plan scenarios, density study and zoning review, and Phase I architectural designs for a 10-door luxury micro-community engineered to yield a projected $324,000-$336,000 annually based on preliminary financial modeling. The conceptual plans layout a brand-new luxury duplex and 8 additional luxury detached 1-bedroom units with highly coveted off-street parking via integrated detached garage Spaces. The unique depth and beautiful, wooded hillside topography provide stunning natural privacy, tranquil landscaping possibilities, and a sprawling multi-car owner footprint that is otherwise impossible to find within the dense historic district. Whether utilizing the existing 1,948 sq. ft. duplex for immediate rental cash flow during planning or breaking ground immediately, this rare asset is also uniquely positioned to qualify for Cleveland's lucrative 15-year residential property tax abatement program. Designs, layout details, and site plot maps are fully available in the MLS supplements. Bring your vision and explore the possibilities this remarkable Little Italy property has to offer!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Central Air
Garage: 3
Heating: Forced Air
Lot Size: 0.26 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $15,615 / year
Year Built: 1900
Amenities
Courtyard
Private Yard
Feature Descriptions
Exterior: Brick, Block
Fencing: Back Yard
Lot: Back Yard, Corner Lot, Irregular Lot, Private, Many Trees, Sloped, Wooded
Parcel#: 121-04-048
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: Davida@emermanteam.com, 2169782785
Shown By
Agent Name: Patrick Freed
Agent Phone: (330) 495-9744
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 4,357.58 per month $2,867.04 Principal & Interest $1,301.25 Property Tax $189.29 Homeowner's InsuranceChange Payment Information
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2117 Fairview Avenue | MLS# 5250673
This multi-family property located at 2117 Fairview Avenue , Cleveland, OH 44106 is currently listed for sale with an asking price of $649,000. Fairview Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on pfreed.dehoff.com today.