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1063 W 21st Street

Lorain, OH 44052

7 beds
3 baths
2,890 sqft
7,841 sqft lot
$40 per sqft
1974 build
– on site

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Welcome to this incredible investment opportunity! This income-producing property boasts three units, offering a potential rental income of $2500+ per month. Located in a prime location within an up-and-coming area, this property promises significant growth potential. Unit 1: 3 bedrooms, 1 bathroom - mostly gutted and primed for your final touches to make it your own. Unit 2: 2 bedrooms, 1 bathroom - almost completely renovated, ready for immediate occupancy. Unit 3: 2 bedrooms, 1 bathroom - also almost fully renovated, with modern upgrades and stylish finishes. The property features a large paved parking area, providing ample space for tenants and guests. While it needs a bit of TLC, the possibilities are endless with this gem. Don't miss out on the chance to invest in a property with so much potential in a rapidly developing neighborhood. AS-IS property!

Listing courtesy of MLS_NOW / Keller Williams Greater Metropolitan

Last checked: Checking… • Last updated Jan 10, 2025 •

MLS# 5056847 —

The Building

Year Built:

1974
Year Built Source:

PublicRecords
Construction Materials:

Brick
Levels:

Two
Stories:

2
Roof:

Flat
Basement:

Unfinished
Basement:

true
# of Buildings:

1
Stories Total:

2
Above Grade Finished Area:

2890.0
Above Grade Finished Area Source:

Realist

Interior

Rooms Total:

13

Room Dimensions

Living Area:

2890.0
Living Area Units:

SquareFeet

Location

Directions:

Broadway to 21st
Latitude:

41.450539
Longitude:

-82.182079

The Property

Parcel Number:

02-01-006-149-001
Property Type:

ResidentialIncome
Property Subtype:

Triplex
Property Subtype Additional:

Triplex
Lot Size Acres:

0.18
Lot Size Area:

0.18
Lot Size Units:

Acres
Lot Size Source:

PublicRecords
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Legal Description:

STANGS & VAC ALLEY 50 X 160 S/L 136
Tax Annual Amount:

$2,894.08

Beds

Bedrooms Total:

7

Baths

Total Baths:

3
Full Baths:

3

The Listing

Listing Terms:

Cash
Home Warranty:

false
Special Listing Conditions:

Standard

Heating & Cooling

Heating:

ForcedAir,Gas
Heating:

true
Cooling:

None
Cooling:

false

Utilities

Sewer:

PublicSewer
Water Source:

Public

Schools

Elementary School District:

Lorain CSD - 4709
Middle School District:

Lorain CSD - 4709
High School District:

Lorain CSD - 4709

The Community

Pool Private:

false

Parking

Garage:

false
Attached Garage:

false
Carport:

false
Parking Features:

Paved

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/16/24 Aug 16, 2024	Sold	MLS_NOW	$117,000	72.1%
2/2/24 Feb 2, 2024		MLS_NOW	$68,000	-9.2%
11/27/23 Nov 27, 2023		MLS_NOW	$74,900

Multifamily Sold on 8/16/2024

$117,000

Listing provided by broker:

Mathew Chase

Keller Williams Greater Metropolitan

matt@chasegrouprealestate.com 440-452-2000

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Listing Courtesy of: MLS_NOW and Keller Williams Greater Metropolitan.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Estately are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The information included in this listing is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed.

1063 W 21st Street

Lorain, OH 44052