Sold556d on marketHistoric · 126 yrs
2394 Elyria Ave
Lorain, OH, 44055 • 44055 • Lorain County
$86,000
$29/sqft
4Beds
2Baths
2,964Sqft
0.19 acLot
1900Built
Property DNA
Character Home
Built 1900 · 126 years of history
Black River Township
44055
Outdoor Living
Balcony
This home is in high demand
Listed 556 days ago · 5 views · Top 5% likely to sell soon
Market activity
Demand and pricing signals for this listing
5 views
People checking out this listing
556 days on market
Established listing
$29/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 5% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1900 · Historic
Attention all investors! All-brick exterior duplex is the perfect opportunity for the beginning investor or a great addition to your existing portfolio. One unit is currently vacant for easy showings, but it's rent-ready for an owner-occupant (live in one unit and let the other cover your mortgage) or rent both units to maximize revenue. First-floor unit is tenant-occupied & will be shown to serious buyers only. Includes a 3rd-floor walk-up, easily accessible from either unit, providing valuable storage or potential expansion space. Each 2-bedroom, 1-bath unit features a desirable floor plan, well-lit w/hardwood & hard surface flooring throughout. Market rent is approximately $795 per month, appliances included. Tenants pay for gas/electric, while the owner covers water/sewer/trash. Full basement offers washer/dryer for tenant use if desired. Recent updates include a newer roof, updated electrical, & 2021 hot water tank. Property is self-managed by an out-of-state investor, but professional management services are available for a smooth transition. 2nd-floor unit, 3rd floor attic, & basement are easy to show on short notice. Great SECTION 8 property, low taxes/expenses, low regulation with no lead certification requirement. Don’t miss this lucrative opportunity—schedule your tour today!
Standout features identified
Our analysis highlights all-brick exterior, desirable floor plan, and full basement as key attractions of this home.
Estimated monthly payment
Based on current rates
$561/month
Principal & Interest$446
Property Tax$86
Insurance$29
Down payment20% ($17,200)
3%50%
Est. 6.75% rate · 30yr fixed · $68,800 loan
Full calculator →At a glance
Key facts and listing details
TypeDuplex, Multi Family
Year Built1900
HeatingForced Air, Gas
CoolingNone, Wall/Window Unit(s)
ParkingDriveway
Property
Home typeMulti Family
Sub-typeDuplex, Multi Family
Year built1900
Stories3
Systems
HeatingForced Air, Gas
CoolingNone, Wall/Window Unit(s)
RoofAsphalt,Fiberglass
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDriveway
BasementFull,Unfinished
Lot8,276 sqft
Location & Tax
Neighborhood44055
Annual tax$922
Parcel0200093107007
Bathrooms & Fees
Full baths2
Features & details
8 categories of property features
Interior Features
Appliances
Range
Refrigerator
Heating
Forced Air
Gas
Cooling
None
Wall/Window Unit(s)
Laundry
In Basement
Exterior Features
Exterior
Balcony
Parking
Driveway
Construction
Brick
Patio & Porch
Balcony
Listing insights
Market data and value estimates
StatusSold
Days on market556
Est. value$129,500
Est. rent$1,117/mo
Tax rate1.28%
Price/sqft$29
On marketSep 10, 2024
PostedSep 10, 2024
Last sold$86,000
MLS updatedSep 30, 2024
Tour days6
Views5
How are the schools in Lorain?
3 schools rated nearby
Location
Lorain, OH, 44055
Price history
10 events
DateEventPrice$/sqftSource
Sep 30, 2024Sold$86,000$29MLS Now
Sep 10, 2024Listed For Sale$89,900$30MLS Now
Dec 29, 2021Sold$62,000$21MLS Now
Dec 8, 2021Pending Sale$65,900$22MLS Now
Nov 15, 2021Contingent$65,900$22MLS Now
Nov 9, 2021Listed For Sale$65,900$22MLS Now
Jul 5, 2016Listing Removed$495—Go Section8
Feb 17, 2016Listing Removed$450—Zillow Rental Network
Feb 2, 2016Price Change$450—Sandstone Realty
Nov 4, 2015Listed For Rent$495—Sandstone Realty
Sold$86,000
Sep 30, 2024•$29/sqft•MLS Now
Listed For Sale$89,900
Sep 10, 2024•$30/sqft•MLS Now
Sold$62,000
Dec 29, 2021•$21/sqft•MLS Now
Pending Sale$65,900
Dec 8, 2021•$22/sqft•MLS Now
Contingent$65,900
Nov 15, 2021•$22/sqft•MLS Now
Listed For Sale$65,900
Nov 9, 2021•$22/sqft•MLS Now
Listing Removed$495
Jul 5, 20160•Go Section8
Listing Removed$450
Feb 17, 20160•Zillow Rental Network
Price Change$450
Feb 2, 20160•Sandstone Realty
Listed For Rent$495
Nov 4, 20150•Sandstone Realty
Tax history
25 years of records
YearTax paidAssessed value
Apr 10, 2024$1,773$41,950
Apr 10, 2023$922$17,450
Apr 10, 2022$914$17,450
Apr 10, 2021$914$17,450
Apr 10, 2020$930$15,420
Apr 10, 2019$925$15,420
Apr 10, 2018$925$15,420
Apr 10, 2017$786$12,350
Apr 10, 2016$780$12,350
Apr 10, 2015$737$12,350
Apr 10, 2014$680$11,440
Apr 10, 2013$675$11,440
Apr 10, 2012$653$11,440
Apr 10, 2011——
Apr 10, 2010——
Apr 10, 2009——
Apr 10, 2008$928—
Apr 10, 2007$924—
Apr 10, 2006$921—
Apr 10, 2005$963—
Apr 10, 2004$937—
Apr 10, 2003$923—
Apr 10, 2002$798—
Apr 10, 2001$800—
Apr 10, 2000$677—
Nearby homes
Neighborhood details
Local context around this listing
Lorain, OH • Lorain County
Nearby cities
AmherstAvonAvon LakeColumbia StationElyriaGraftonLagrangeLorain
Nearby zip codes
440524405344055
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