Chagrin Falls OH Multi Family for Sale
$2,395,000
58 W Orange Street Chagrin Falls, OH 44022
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.41 Acres
- Year built:
- 1975
- Baths:
- 5.00
- MLS#:
- 5090162
- Subdivision:
- Graves Allotment
ADDITIONAL INFORMATION
Incredible opportunity to own a slice of history nestled in the heart of Chagrin Falls! Located just steps from the village's vibrant dining and shopping district, this three-unit home has endless potential as a multi-family or income-producing property. Live just moments away from all the village has to offer, or enjoy the benefits of cash flow from short or long-term rentals! The entire property has undergone a complete renovation including new roof, plumbing, Pella windows, HVAC, electrical and a brand new elevator. The second floor is currently laid out as a pristine, beautifully appointed 2 bedroom home with a gorgeous, high end kitchen including an island, stainless steel appliances, and a large living area with a gas fireplace. The third floor could be used as an extension of the second floor, a short term rental, or finished out into a full apartment. It’s currently set up with three bedrooms and two bathrooms, including a phenomenal primary suite with a gas fireplace and a luxurious ensuite bath. The first floor garden level apartment is a nicely appointed one-bedroom unit with daylight windows and stylish finishes. An elevator connects the three floors for convenience and opens directly to the second and third floor units. Situated on a spacious .41 acre lot, the entire property is surrounded by trees and nature for privacy while still enjoying breathtaking views of the village and the Chagrin River! Both the second and third floor homes enjoy dedicated outdoor entertaining and dining spaces including stone patios, a terrace, and a newly-built deck. The property also has 4 garage spaces and parking to accommodate up to 9 vehicles. With over $1.8M in improvements from the current owner, the opportunities are endless for an end user or investor. Please inquire or see supplements for the extensive list of property improvements.
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Chagrin Falls Real Estate
The median home value in Chagrin Falls, OH is $525,000. This is higher than the county median home value of $177,200. The national median home value is $338,100. The average price of homes sold in Chagrin Falls, OH is $525,000. Approximately 76.73% of Chagrin Falls homes are owned, compared to 20.04% rented, while 3.23% are vacant. Chagrin Falls real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chagrin Falls real estate agent to arrange a tour today!
Chagrin Falls, Ohio has a population of 4,156. Chagrin Falls is more family-centric than the surrounding county with 28.41% of the households containing married families with children. The county average for households married with children is 23.83%.
The median household income in Chagrin Falls, Ohio is $84,762. The median household income for the surrounding county is $55,109 compared to the national median of $69,021. The median age of people living in Chagrin Falls is 50.3 years.
Chagrin Falls Weather
The average high temperature in July is 81.2 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 42.6 inches per year, with 82.3 inches of snow per year.