15515 Van Aken Boulevard, Shaker Heights, OH 44120
$1,000,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
28,314
Status:
Closed
Current Price:
$1,000,000
List Date:
5/02/2018
Last Modified:
1/26/2025
Overview
Description
Large Historic 12 unit apartment building with attached parking garage in Shaker Heights. Very unique layout with multiple 2 story units and penthouse. Four units over 2,000 sq. ft. each! 2 One-bedroom units, One studio, One efficiency, 3 two-bedroom units, one three-bedroom unit and 4 four-bedroom units. Property located on main thoroughfare to for Shaker Heights. Designated by the chamber of commerce as the best apartment building erected in greater Cleveland in 1940. Located directly in front of the Rapid Transit ''Blue Line train station. Professional tenant base.
Listing Details MLS# 218014368
Location Property Info
- Original List Price
- 1100000
- Property Sub Type
- Midrise
- Street #
- 15515
- Street Name
- Van Aken
- Street Suffix
- Boulevard
- County
- Cuyahoga
- State
- OH
- Zip Code
- 44120
- School District
- SHAKER HEIGHTS CSD 1827 CUY CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2018-05-02
General Property Info
- Number of Units
- 12
- # of Buildings
- Yes
- Building Sqft
- 21265
- Year Built
- 1939
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Lot Size (Side)
- 171
- Acreage
- 0.65
- Use Code
- 401 - APARTMENT:4-19 UNITS
Tax Info
- Parcel #
- 735-02-005
- Tax Abatement
- No
- Taxes (Yrly)
- 31529.5
- Tax Incentive
- No
Status Change Info
- Under Contract Date
- 2019-02-11
- Sold Date
- 2019-05-14
- Sold Price/SqFt
- 47.03
Efficiency
- Efficiency # of Units
- 2
- Efficiency Month Rent Per Unit
- 475
More Information
1 Bedroom
- 1 Bedroom # of Units
- 2
- 1 Bedroom Month Rent Per Unit
- 857.5
2 Bedroom
- 2 Bedroom # of Units
- 3
- 2 Bedroom Month Rent Per Unit
- 1054
3 Bedroom
- 3 Bedroom # of Units
- Yes
- 3 Bedroom Month Rent Per Unit
- 1200
Other
- Other # of Units
- 4
- Other Month Rent Per Unit
- 1981.25
Financials
- Financials ForYearOf
- 2017
- Gross Rental Income
- 179400
- Effective Income
- 170430
- Vac & Cr Loss
- 8970
Expenses
- R.E. Taxes
- 31529.5
- Property Insurance
- 7733
- Repairs&Maintenance
- 12620
- Misc Expense
- 14988.64
- Property Management
- 8521.5
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 51.73
- City (Mailing Addr)
- Shaker Heights
- Corp LimitPerAuditor
- Shaker Heights
- Dist To Intersxn
- 0
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- Large Historic 12 unit apartment building with attached parking garage in Shaker Heights. Very unique layout with multiple 2 story units and penthouse. Four units over 2,000 sq. ft. each! 2 One-bedroom units, One studio, One efficiency, 3 two-bedroom units, one three-bedroom unit and 4 four-bedroom units. Property located on main thoroughfare to for Shaker Heights. Designated by the chamber of commerce as the best apartment building erected in greater Cleveland in 1940. Located directly in front of the Rapid Transit ''Blue Line train station. Professional tenant base.
Income/Expenses
- Gross Income
- 179400
- Net Operating Income
- 81777.64
- Total Expenses
- 88652.64
Addl Acceptance Cond
- None Known
- Yes
Construction
- Frame
- Yes
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- 5 Car Garage +
- Yes
- Attached Garage
- Yes
- Heated Garage
- Yes
- Garage Door Opener
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- Fireplace
- Yes
- Garages
- Yes
- Public Transport
- Yes
- Security System
- Yes
- W/D Hookups
- Yes
Tenant Pays
- Electricity
- Yes
Heating
- Radiant
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Owner Pays
- Gas
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
5 Car Garage +; Attached Garage; Heated Garage; Garage Door Opener
Owner Pays:
Gas; Sewer; Trash; Water
Tenant Pays:
Electricity
Heat Fuel:
Gas
Heating:
Radiant
Air Conditioning:
Window Unit(s)
Construction:
Brick; Frame
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Water Available
Miscellaneous:
Basement; Fireplace; Garages; Public Transport; Security System; W/D Hookups
New Financing:
Conventional
MLS Primary PhotoSrc:
Realtor Provided
Documents
Offering Memorandum ›
Listing Office:
New Millennium Realty
Listing Agent:
Christopher M Zigan
Last Updated: January - 26 - 2025
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