Property Description

Well-maintained and reliable 3-Unit investment property in an incredible location in the heart of University Circle, just steps from Case Western Reserve University, University Hospital, Cleveland Clinic, Little Italy, Cleveland Institute of Music, Cleveland Institute of Art, local restaurants, shopping, and many other local attractions. The property features a 2-car detached garage, driveway, off-street parking, and laundry on site in the shared basement. The 1st-floor and 2nd-floor units are identical and include 2 bedrooms, eat-in kitchen, living room, dining room, and 1 full bath. The 3rd-floor includes a kitchenette, bedroom, and a full bath. Ideal property for an investor or owner-occupant!

1627 E 118th Street | MLS# 5193297

This multi-family property located at 1627 E 118th Street, Cleveland, OH 44106 is currently listed for sale with an asking price of $399,900. E 118th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Full

Cooling: Ceiling Fan(s), Window Unit(s)

Garage: 2

Heating: Forced Air, Gas

Lot Size: 0.13 Acres

Roof Type: Slate

Stories: 3.0

Taxes: $6,424 / year

Year Built: 1910

Feature Descriptions

Appliances: Range, Refrigerator

Exterior: Vinyl Siding

Laundry: In Basement

Parcel#: 120-24-010

Parking: Driveway, Detached, Garage

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1627 E 118th Street, Cleveland, OH 44106

Fips

Fips Code 39035

Population

2020 to 2023 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2023 Estimate (V2023) 1,233,088

2020 Estimate (V2023) 1,264,775

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 20.3%

18 to 64 54.8%

65 and Older 19.6%

Gender

Male 48.1%

Female 51.9%

Place of Birth

Foreign 7.6%

US 92.4%

Education

High School Graduate, Age 25+ 90.9%

Bachelor's Degree or Higher, Age 25+ 35.2%

Computer and Internet use

Households with a computer 92.0%

Households with a broadband Internet subscription 85.7%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 60,427

Income

Per Capita Income $39,807

Median Household Income $60,074

People in Poverty 16.6%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 552,421

Average Household Size 2.23

Owner-Occupied 58.4%

Multi-Family 34.9%

Owner-Occupied Median Value $168,700

Median selected monthly owner costs -with a mortgage $1,472

Median selected monthly owner costs -without a mortgage $630

Median gross rent $952

Building Permits

New Private Housing Issued 2023 1,028

Years at Residence

1 Year or More 86.1%

Less Than 1 Year 13.9%

Business and Employment

Private non-farm Establishments 31,738

Private non-farm Employment 631,443

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 105,877

Number of Firms 114,192

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,603.09 per month $1,951.11 Principal & Interest $535.33 Property Tax $116.64 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/24/2026. The listing information on this page last changed on 03/24/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/24/2026 1:00:02 AM EST) or Dayton MLS (last updated Mon 03/23/2026 11:46:33 PM EST) or CBRMLS (last updated Tue 03/24/2026 12:44:24 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Mon 03/23/2026 11:53:23 PM EST) or NKY MLS (last updated Mon 03/23/2026 11:28:22 PM EST) or Wrist MLS (last updated Mon 03/23/2026 11:24:20 PM EST) or Firelands MLS (last updated Mon 03/23/2026 11:11:18 PM EST) or MLS NOW (last updated Tue 03/24/2026 12:17:28 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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1627 E 118th StreetCleveland, OH 44106