Residential Income
New
For Sale
$239,900
10741 Churchill Avenue, Cleveland, OH 44106
Interior features include a pantry, walk-in closet, recessed lighting, and laminate counters.
Property Size1,924 SF
Price / SF$124.69
Days on Market4
Property Features for 10741 Churchill Avenue
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Glenville
Taxes and HOA fees
Annual Taxes
$1,330
Amenities
Playground, Park, Street Lights, Sidewalks
Ceiling Fan(s), Wall/Window Unit(s)
Forced Air
Full, Unfinished
Dryer, Disposal, Range, Refrigerator, Washer
Ceiling Fan(s), High Ceilings, Laminate Counters, Pantry, Recessed Lighting, Storage, Walk-In Closet(s)
Fenced, Partial, Privacy
Driveway, Paved
Building Details
Year Built
1906
Buildings
1
Stories
3
Listing Agency:
Seven Sigma Properties
Listed By:
Michael A Balamenti · License #2002019798
(216) 990-9495
Source:
Evrealestate
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 4:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seven Sigma Properties
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Investment Insights
Based on property information with market context.
This 1,924-square-foot residential income property was built in 1906. Interior features include high ceilings, recessed lighting, laminate counters, a pantry, storage, and a walk-in closet. The property has forced-air heating, wall/window units, and a full, unfinished basement. Appliances listed include a washer, dryer, range, refrigerator, and disposal.
Outside, the property has a partially fenced area with privacy fencing and a paved driveway.
Outside, the property has a partially fenced area with privacy fencing and a paved driveway.
Key Highlights
- 1,924‑square‑foot residential income property
- Built in 1906
- Full, unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,333
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,660
$426.7K
Cap Rate 7%
$304,757
$304.8K
Cap Rate 9%
$237,033
$237.0K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$40.4K $21.00/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$38.8K $20.16/SF
− OpEx
−$17.5K −$9.07/SF
NOI
$21.3K $11.09/SF
Area
Cleveland, OH
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,660
Cap Rate 7%
$304,757
Cap Rate 9%
$237,033
Alternative Uses
Best Use
Apartment 5plus
$304.8K
$266.7K – $355.6K
NOI $21,333 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.5K
$410.8K – $547.8K
NOI $32,866 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 44106, OH
26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Interior features include a pantry, walk-in closet, recessed lighting, and laminate counters.
Where is this residential income property located?
The property is located at 10741 Churchill Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,924‑square‑foot residential income property; Built in 1906; Full, unfinished basement
