1323 East 110th Street in Cleveland, Ohio anchors a neighborhood snapshot of urban life, public transit access, and evolving housing dynamics. Understanding its financial context and local profile helps residents and investors gauge stability and opportunity in this concentrated area.
Property records, census data, and market trends shape how lenders and buyers view assets on this corridor. The following sections break down ownership, valuation, income potential, and practical considerations tied to this exact address.
| Attribute | Details | Source | Relevance |
|---|---|---|---|
| Full Address | 1323 East 110th Street, Cleveland, OH 44104 | County Recorder & Parcel Data | Identifies exact property for searches |
| Property Type | Multi-family or Mixed-use (residential units with possible commercial) | Local Assessor Records | Influences income potential and valuation |
| Owner Name(s) | Held by LLC or individual(s) per current deed | Cuyahoga County Land Records | Useful for inquiries, lien checks, and title review |
| Estimated Value (2024) | $130,000–$220,000, depending on size, condition, units | Third-party data, recent comps | Guides offers, financing, and refinance estimates |
| Median Income (Census Tract) | Approximately $28,000–$38,000 | U.S. Census American Community Survey | Indicates neighborhood affordability and rent sensitivity |
Property History and Ownership Timeline at 1323 East 110th Street
Historical transfers and lien activity reveal how this asset has moved through probate, sales, or refinancing cycles. Title searches can expose prior judgments or code violations that may still affect today’s marketability.
Block-level patterns show shifts from single-family to small multi-unit configurations. These changes often align with rental demand, household formation trends, and investor interest in accessible corridors near transit.
Key Transfers and Events
Reviewing deed dates, grantor-grantee indexes, and tax sale records helps identify periods of concentrated ownership or distress. Such milestones frame risk and opportunity for buyers considering renovation or repositioning.
Neighborhood Context and Market Position
East 110th Street sits near Lake Erie and transit corridors, balancing industrial proximity with residential pockets. Nearby schools, parks, and service anchors shape renter profiles and long-term retention.
Vacancy levels, rent growth, and municipal incentives influence how quickly value can be stabilized or increased. Investors weigh these factors against rehab costs, property taxes, and insurance in Northeast Ohio.
Financial Metrics and Valuation Approaches
Appraisers apply cost, income, and sales comparison approaches to estimate current worth and potential yield. For this address, Gross Rent Multiplier (GRM) and cap rates provide quick screens against larger multifamily portfolios.
Cash-on-cash return, debt service coverage, and operating expense ratios clarify how efficiently the property performs. Sensitivity analyses around vacancy and interest rate shifts support more resilient underwriting decisions.
Key Takeaways and Recommendations
- Verify current owner and lien status in Cuyahoga County records before any offer.
- Use recent sold comps within a 1-mile radius to benchmark value and avoid overpricing.
- Model cash flow with conservative vacancy, maintenance, and capital reserve assumptions.
- Engage a local property manager familiar with East 110th Street turnover and tenant demographics.
- Monitor municipal development plans along Euclid Avenue and East 110th for future access or zoning shifts.
FAQ
Reader questions
Who is the current owner of 1323 East 110th Street Cleveland, OH?
The current legal owner is listed in Cuyahoga County Land Records under the recorded deed for 1323 East 110th Street; ownership may be an individual or an LLC, and title documents provide the most up-to-date name.
What is the estimated market value of this property in 2024?
Based on recent comps and public data, the estimated value ranges from $130,000 to $220,000, depending on unit count, condition, and whether commercial space is included.
Are there any outstanding liens or code violations recorded for this address?
Check the Cuyahoga County online portal for open liens, tax sale certificates, or active code enforcement cases; resolving outstanding items can improve title clarity and marketability.
How does the income potential of this property compare to nearby blocks?
Comparable multi-family parcels on nearby East 110th and adjacent streets show similar rent ranges; slightly higher or lower GRM reflects unit mix, parking, and exterior condition factors.