-Attention All Investors – Foreclosure Opportunity! Don’t miss this rare chance to scoop up a turnkey investment property that's vacant, easy to show, and ready for its next tenant with some cleaning! This solid 3-bedroom Cape Cod sits on a quiet, low-traffic street with a private backyard and has seen several updates over the past 6–7 years. With a little cleanup from the prior tenant that recently moved out, it’s rent-ready and offers strong income potential, with current market rents that are very affordable. Whether you're a seasoned investor or just getting started, this home is an excellent addition to your portfolio. The property features a full basement, a comfortable layout, and prior cosmetic and mechanical updates. It's in a transitioning area with rising values and rents, making it a smart long-term play. Investors have the option to self-manage or continue with professional property management already in place. Financing options available: Cash, hard money, or owner financing with 20% down (approx. 9% interest, 2-year balloon). Please note: No wholesalers. End-user buyers only. Photos show the home’s potential and updates—serious inquiries only. Proof of funds or pre-approval is required for all showings. Don’t wait—schedule your tour today and take advantage of this income-producing opportunity with immediate cash flow!
Sold for $53,000 on 06/16/25
$53,000
4137 E 59th St, Cleveland, OH 44105
3beds
1,747sqft
Single Family Residence
Built in 1910
5,401.44 Square Feet Lot
$-- Zestimate®
$30/sqft
$1,251 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 16, 2025 at 09:33am
Listing Provided by:
Christopher A Frederick thefrederickteam@gmail.com216-210-7653,
Coldwell Banker Schmidt Realty
Bought with:
Jaime Vidal, 2024005749
Lokal Real Estate, LLC.
Source: MLS Now,MLS#: 5116661
Originating MLS: Lorain County Association Of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air, Gas, Hot Water, Steam
Cooling
- None
Appliances
- Laundry: In Basement
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,747
- Total interior livable area: 1,747 sqft
- Finished area above ground: 1,147
- Finished area below ground: 600
Property
Parking
- Parking features: Driveway
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Enclosed, Patio, Porch
Lot
- Size: 5,401 sqft
- Dimensions: 40 x 135
Details
- Parcel number: 13223045
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,Cape Cod
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cleveland
- Subdivision: Talbot