About This Home

This 4-bedroom, 2-bathroom multi-family at 2897 E 111th Street in Cleveland, OH is listed for $115,000 ($47 per sqft). Built in 1920, the home offers 2,448 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1920
  • 0.19 acre lot
  • 3 stories

Property Details

3 stories
2 full
1920
Listing Description

Investor Opportunity - Cleveland Duplex with Value-Add Potential! Bring your vision to 2897 E. 111th St., a two-family property offering two separate units, each featuring 2 bedrooms and 1 full bathroom. Whether you're looking to renovate and hold as a rental or add another multifamily property to your portfolio, this duplex offers plenty of potential.

Some improvements have already been started, including newer electrical panel boxes, one newer furnace, and one newer hot water tank. The property does have known electrical issues and will require additional electrical work, giving the next owner the opportunity to complete the improvements and maximize the property's potential.

Conveniently located on Cleveland's east side with access to major employment, medical, and educational hubs, including the Cleveland Clinic and University Circle area. The nearby Opportunity Corridor provides improved connectivity between the east side, I-490, and University Circle, an area that continues to see public and private investment and redevelopment.

With two rentable units and an affordable entry point into Cleveland's multifamily market, this could be an excellent opportunity for an investor looking for a renovation project with future income-producing potential. Property is being sold in its current condition. Buyer to perform their own due diligence regarding property condition, electrical system, repairs, rental potential, and projected income.

Monthly Cost Estimate

$615/mo

20% down · 6.5% · 30 years

Principal$83
Interest$498
Insurance$34

Estimates only. Actual payments may vary.

Location

2897 E 111th Street

Cleveland, OH 44104

Harvey Rice Jrs

Features & Amenities

Exterior Features

Balcony

Property Details

Construction

VinylSiding

Parking

Driveway

Heating

Forced Air

Appliances

RangeRefrigerator

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 2897 E 111th Street is listed at $115,000 ($47/sqft). The estimated monthly payment is $616 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.19 acre lot, 3 stories. Exterior Features: Balcony.

This property is listed by Feliz A Colon.

FC

Feliz A Colon

License 2024002566

Agent at KW Living

Listed by KW Living · Broker phone: (440) 318-1620 · View on Broker Site

MLS# 5250126· Source: MLS Now· 30 days on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2897 E 111th Street, Cleveland, OH 44104

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