12627 Iowa Avenue
Cleveland, OH 44108
Map
- 3 beds
- 1 bath
- 1,160 sqft
- $59 per sqft
- 1921 build
- – on site
This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. It is located in one of the city’s most affordable areas, which has seen recent investor activity driving gradual improvements! There is a substantial demand for rentals in this region, making long-term ownership a popular choice! Current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! Situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. While it requires a complete cosmetic rehab, this can be deferred to current tenancy. Additionally, the interior and mechanicals will require deferred maintenance and updates. The property has a strong foundation, steady income, and significant potential for increased market rent. This investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! Don't miss out on this solid opportunity! Reach out to learn more!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jul 1, 2025
•
MLS# 5136141 —
The Building
-
Year Built:1921
-
Year Built Source:PublicRecords
-
Construction Materials:AluminumSiding,VinylSiding
-
Architectural Style:Colonial
-
Roof:Asphalt,Shingle
-
Levels:Two
-
Stories:2
-
Basement:Full
-
Basement:true
-
Patio And Porch Features:Covered,Porch
-
Above Grade Finished Area:1160.0
-
Above Grade Finished Area Source:Assessor
Interior
-
Rooms Total:6
-
Fireplace:true
-
Fireplace Features:LivingRoom
-
Fireplaces Total:1
Room Dimensions
-
Living Area:1160.0
-
Living Area Units:SquareFeet
Financial & Terms
-
Possession:DeliveryOfDeed
Location
-
Directions:Off of Eddy Rd, between Taft Ave and Locke Ave, near Cleveland Rd
-
Longitude:-81.596173
-
Latitude:41.546806
The Property
-
Property Type:Residential
-
Property Subtype:SingleFamilyResidence
-
Property Subtype Additional:SingleFamilyResidence
-
Parcel Number:111-16-154
-
Lot Size Acres:0.0758
-
Lot Size Area:0.0758
-
Lot Size Units:Acres
-
Lot Size Source:Assessor
-
Waterfront:false
-
Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 232-2187
- Office phone:
- (440) 519-3100
Taxes
-
Tax Year:2024
-
Tax Legal Description:358 SOUTHERN S/L 342 WP 0341 EP
-
Tax Annual Amount:$721
Beds
-
Bedrooms Total:3
Baths
-
Total Baths:1
-
Full Baths:1
The Listing
-
Listing Terms:Cash,Conventional
-
Home Warranty:false
-
Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/12627-Iowa-Avenue-Cleveland-OH-44108/unbranded
Heating & Cooling
-
Heating:ForcedAir
-
Heating:true
-
Cooling:None
-
Cooling:false
Utilities
-
Sewer:PublicSewer
-
Water Source:Public
Appliances
-
Laundry Features:InBasement
Schools
-
Elementary School District:Cleveland Municipal - 1809
-
Middle School District:Cleveland Municipal - 1809
-
High School District:Cleveland Municipal - 1809
The Community
-
Subdivision Name:L M Southerns Forest Park Sub
-
Association:false
-
Pool Private:false
Parking
-
Parking Features:Driveway,OffStreet,Paved
-
Garage:false
-
Attached Garage:false
-
Carport:false
Monthly cost estimate
Asking price
$68,500
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$366
|
| Taxes | $60 |
| Insurance | $18 |
| Utilities | $154 See report |
| Total | $598/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/1/25
Jul 1, 2025
|
Listed / Active | MLS_NOW | $68,500 | 1192.5% (92.3% / YR) |
|
7/30/12
Jul 30, 2012
|
MLS_NOW | $5,300 |
