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Dawn Semancik

dawnsemancikhomes@gmail.com +1(216) 650-0746

$2,700,000

Est. payment - /mo

0.34 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Euclid Heights

MLS Listing ID 5206931

HOA Y/N No

Year Built 1921

Annual Tax Amount $60,018

Tax Year 2025

Lot Size 0.339 Acres

Acres 0.339

Property Sub-Type Mixed Use

Property Description

Positioned in the heart of Cleveland's historic and vibrant Little Italy on Murray Hill. This exceptional investment opportunity features a rare four-property portfolio totaling 14 residential units with 28 bedrooms, along with an operational pizza shop equipped with outdoor dining space, and a unique art gallery space, with half bath. The property is supported by 20 parking spaces, an invaluable amenity in this neighborhood. The portfolio is composed of: a mixed-use building featuring the pizza shop with five 2-bedroom residential units above; an art gallery with three 2-bedroom units; a four-unit multifamily (quadraplex); and a separate duplex. This diverse unit mix provides multiple income streams and long-term upside. Located just steps from University Circle, University Hospitals, Case Western Reserve, the property benefits from strong rental demand driven by proximity to major employment hubs, cultural institutions, and the heart of Little Italy's renowned dining and arts scene. Whether you're seeking a stabilized, income-producing asset or a value-add/development opportunity in one of Cleveland's most desirable neighborhoods, this is a rare chance to own a cornerstone portfolio in Little Italy.

Location

State OH

County Cuyahoga

Interior

Heating Hot Water, Steam

Fireplace No

Exterior

Parking Features Detached, Garage, Parking Lot

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Flat

Total Parking Spaces 20

Building

Sewer Public Sewer

Water Public

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 121-07-006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Colin Biro • Century 21 DeAnna Realty

NEARBY SCHOOL & BUSINESS

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Dawn Semancik

+1(216) 650-0746

Team Leader License ID: SAL.2016005292

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2197 Murray Hill RD Cleveland, OH 44106

Dawn Semancik

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION