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Home for Sale at 1034 E 72nd Street in Cleveland, OH for $49,900

Listing data last changed 11/09/2026 - 8:08pm
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1034 E 72nd Street | Cleveland

$49,900 | 4 Beds | 2 Baths (2 Full) | 1,353 Sq. Ft.

Investor Special \u2013 4 Bedrooms, 2 Full Baths \u002B Bonus Room\r\n\r\nOpportunity knocks at 1034 E 72nd St! Offered at just $49,900, this spacious 4-bedroom, 2-full-bath property with an additional bonus room presents an exciting value-add opportunity for investors looking to build equity and generate rental income. With an estimated after-repair value (ARV) of approximately $140,000 in rent-ready condition, this property offers the potential to create substantial value through a strategic renovation.\r\n\r\nFor investors willing to put in the work, the numbers are worth a closer look. At a projected $50,000 purchase price and $50,000 renovation budget, your total acquisition and rehab cost would be approximately $100,000 before closing costs, financing, holding expenses, and other project costs. Compared with the estimated $140,000 ARV, that represents approximately $40,000 in potential gross equity upon completion, assuming the ARV and renovation budget hold true.\r\n\r\nThe four-bedroom layout offers an advantage over smaller rental properties, opening the door to traditional long-term leasing, larger-household tenants, or a potential room-rental strategy where permitted. The additional bonus room provides flexibility for a home office, recreation space, or other functional use. Investors may also explore applicable housing assistance programs and rental demand in the surrounding Cleveland market.\r\n\r\nWhether your strategy is to renovate and resell, build a long-term rental portfolio, or explore alternative rental models, this property offers an affordable entry point with meaningful upside potential. Bring your contractor, evaluate the scope of work, and capitalize on the opportunity to transform this property into a valuable income-producing asset. \r\nHome is being sold \u0022as is\u0022 and seller will make no repairs.\r\nI have video of the entire property, message me if youd like to see it. MLSNow 5259390 Directions to property: on e 72 south of st clair

MLS Listing ID: 
MLSNow 5259390
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$49,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Cleveland
Address: 
1034 E 72nd Street, Cleveland, OH 44103
County: 
Cuyahoga
Latitude: 
41.5268790
Longitude: 
-81.6386420
Directions: 
on e 72 south of st clair
Public Remarks: 
Investor Special \u2013 4 Bedrooms, 2 Full Baths \u002B Bonus Room\r\n\r\nOpportunity knocks at 1034 E 72nd St! Offered at just $49,900, this spacious 4-bedroom, 2-full-bath property with an additional bonus room presents an exciting value-add opportunity for investors looking to build equity and generate rental income. With an estimated after-repair value (ARV) of approximately $140,000 in rent-ready condition, this property offers the potential to create substantial value through a strategic renovation.\r\n\r\nFor investors willing to put in the work, the numbers are worth a closer look. At a projected $50,000 purchase price and $50,000 renovation budget, your total acquisition and rehab cost would be approximately $100,000 before closing costs, financing, holding expenses, and other project costs. Compared with the estimated $140,000 ARV, that represents approximately $40,000 in potential gross equity upon completion, assuming the ARV and renovation budget hold true.\r\n\r\nThe four-bedroom layout offers an advantage over smaller rental properties, opening the door to traditional long-term leasing, larger-household tenants, or a potential room-rental strategy where permitted. The additional bonus room provides flexibility for a home office, recreation space, or other functional use. Investors may also explore applicable housing assistance programs and rental demand in the surrounding Cleveland market.\r\n\r\nWhether your strategy is to renovate and resell, build a long-term rental portfolio, or explore alternative rental models, this property offers an affordable entry point with meaningful upside potential. Bring your contractor, evaluate the scope of work, and capitalize on the opportunity to transform this property into a valuable income-producing asset. \r\nHome is being sold \u0022as is\u0022 and seller will make no repairs.\r\nI have video of the entire property, message me if youd like to see it.
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
M \u0026 M Halles
Building Details
Details about the building on a property.
Architectural Style: 
Colonial
Stories: 
3
Year Built: 
1915
Living Area: 
1,353
Basement: 
Full
Construction
Construction Materials: 
Aluminum Siding
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Rooms: 
8
Total Bedrooms: 
4
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
Other
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.06
Lot Size (Area): 
0.06
Lot Features
Parking Type: 
Garage
Public Record
Parcel Number: 
105-27-079
Annual Tax: 
$956.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Source One Realty LLC

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