7 hours on Rocket
#5142320, Gerald Quade, Listing office: Redfin Real Estate Corporation
$68,500 List price
12627 Iowa Ave Cleveland, OH 44108
3 beds
1 full
1,160 sqft
0.08 acres
$59 / sqft
House
Property details
About 12627 Iowa Ave
This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. It is located in one of the city’s most affordable areas, which has seen recent investor activity driving gradual improvements! There is a substantial demand for rentals in this region, making long-term ownership a popular choice! Current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! Situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. While it requires a complete cosmetic rehab, this can be deferred to current tenancy. Additionally, the interior and mechanicals will require deferred maintenance and updates. The property has a strong foundation, steady income, and significant potential for increased market rent. This investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! Don't miss out on this solid opportunity! Reach out to learn more!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
Size1,160 sqft
BasementYes
Lot size0.0758 Acres
Year built1921
ParkingDriveway, Off Street, Paved
MLS #5136141
FireplaceLiving Room
Summary
- Full Bathrooms: 1
- Basement: Yes
- Fireplace: Living Room
- Total Bedroom Count: 3
- Attached Garage: No
- Private Pool: No
- Parking: Driveway, Off Street, Paved
- Exterior: Porch/Covered, Porch
- Architectural Style: Colonial
- Heating: Forced Air
- Cooling: None
- List Price: $68,500
- Price/SqFt: $59
- Annual Tax Amount: $334
- Tax Year: 2023
- Directions: Off of Eddy Rd, between Taft Ave and Locke Ave, near Cleveland Rd
- Year Built: 1921
- Stories: 2
- Living Area: 1,160 SqFt
- Lot Size: 0.0758 Acres
- MLS Number: 5136141
- MLS Name: NOWDD
- Office Name: RE/MAX Haven Realty
- Office Phone: (216) 232-2187
- Office Email: mike@theazzamgroup.com
- Listing Agent: Michael Azzam
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 5:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 01, 2002 | Home Sold | $90,000 |
| May 01, 2002 | Home Sold | $30,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $4,310 | $334 |
| 2022 | $4,310 | $332 |
| 2021 | $4,310 | $329 |
| 2020 | $3,540 | $312 |
| 2019 | $3,540 | $289 |
| 2018 | $3,540 | $288 |
| 2017 | $2,870 | $242 |
History based on county public records data.
Nearby schools
3
Mayfair Elementary School
Public District 3-5
1.1 mi
•13916 Mayfair Ave
4
Oxford Elementary School
Public District KG-5
2.8 mi
•939 Quilliams Rd
5
Boulevard Elementary School
Public District KG-5
2.8 mi
•1749 Lee Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $21,563. Typical income of Cleveland, OH residents is less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
63%
<35k
33%
35k-100k
2%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
60%
Single, No Kids
21%
Single, with Kids
15%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
39%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Popeyes
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 12627 Iowa Ave
The listing price of 12627 Iowa Ave property is $68,500.
The property 12627 Iowa Ave is a house located in Cleveland, Ohio, 44108.
Active Listing: 12627 Iowa Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 12627 Iowa Ave are: Mayfair Elementary School (GreatSchools Rating 3/10), Oxford Elementary School (GreatSchools Rating 4/10), Boulevard Elementary School (GreatSchools Rating 5/10), Citizens Leadership Academy East (GreatSchools Rating 2/10), Kenneth W. Clement Boys' Leadership (GreatSchools Rating 5/10), Lake Erie College Preparatory School (GreatSchools Rating 3/10), Glenville High School (GreatSchools Rating 2/10), Collinwood High School (GreatSchools Rating 2/10), Shaw High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $334 (source: MLS/based on county public records data).
The last sale was on May 1, 2002 for $90,000 (source: MLS/tax record).
The property at 12627 Iowa Ave has 3 bedrooms and 1 bathroom.
The property 12627 Iowa Ave is 1,160 SqFt (source: MLS/tax record).
The year of construction for 12627 Iowa Ave is 1921.
This home is located at 12627 Iowa Ave in Cleveland, OH and zip code 44108 in the Glenville neighborhood. This 1,160 square foot home, which was built in 1921, sits on a 0.08 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 1, 2025 and is currently priced at $68,500.
Over 306 listings were sold over their listed price in June 2025 in Cleveland, OH. In the same period over 335 listings were sold below the listed price and 98 listings were sold for the listed price. The inventory of homes for sale in Cleveland, OH between May and June 2025 increased by 3.7%. The median list price of listings available in June 2025 was $173,756, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.