8515 Madison Ave, Cleveland, OH 44102

Studio, 5,987 sqft
For Sale
$228,900
Zestimate®: $209,002
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This charming brick commercial, mixed-use building on Cleveland's near Westside is a sound investment! The fully updated structure (roof, windows, doors, kitchens/baths, garage doors, etc.) contains four one bedroom apartments on the 2nd floor and two spacious, retail store fronts on the ground floor with kitchenettes and individual bathrooms. All the spaces have newer electrical & HVAC mechanical systems and are separately metered. The rear of the bldg. offers two balconies and two terraces for its tenants and has a separate covered parking/storage building. The bldg. has been retro-fitted with a common access, coin operated laundry on the 2nd floor. Good financials; additional info. upon request.
Facts
  • Lot: 5,200 sqft
  • Single Family
  • Built in 1906
  • 120 days on Zillow
  • Price/sqft: $38
  • MLS #: 3604874
Other
  • Floor size: 5,987 sqft
  • Zillow Home ID: 2108003263
Home Values
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A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$209,002
-$2,234 Last 30 daysd
$138K
$274K
Zestimate range
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,530/mo
+$156 Last 30 daysd
$658
$2.8K
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Neighborhood for 8515 Madison Avenue

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Zillow predicts Cudell home values will increase 0.1% next year, compared to a 3.7% rise for Cleveland as a whole. Among Cudell homes, this home is 357.8% more expensive than the midpoint (median) home, but is priced 2.6% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Cudell, the number of foreclosures waiting to be sold is 1.5% higher than in Cleveland, and 253.2% greater than the national average. This higher local number may prevent Cudell home values from rising as quickly as other regions in Cleveland.

Learn more about forecast calculations or Cudell home values.
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