Skip To Content

2550 Elyria Avenue

Lorain, OH 44055
  • $515,000
  • STATUS: Contingent
  • ON SITE: 36 Days
  • MLS #: 5122876
Under Contract
UPDATED: 9 min ago
$515,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:
Area:

School Ratings & Info

School District:
Listing courtesy of Walnut Creek Realty, LLC..
Listing information © 2025 YES-MLS.

Description

Absolute dynamite! Apartments 2, 5, and 6 were taken down to the frame and rebuilt. Work on these units was just completed with new white cabinetry, quartz tops, LVP flooring, windows upgraded, along with electrical. Almost all units now have hard surface tops. Seven of eight units are rented at this time. Common area laundry. Roof in 2025 w/ Puma XL System. Just over $7400 in income this property is expected to generate. You cannot go wrong at this price. All units in the building have gone through moderate to major upgrades and improvements. Do not wait on this opportunity.

Monthly Payment Calculator

Listing information © 2025 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Griggy Property Group | KW Chervenic are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2025-06-22T23:07:39.84.
www.griggypropertygroup.com/homes/163886968
Print Image

2550 Elyria Avenue Lorain, OH 44055

  • Price: $515,000
  • Status: Contingent
  • On Site: 36 Days
  • Updated: 9 min ago
  • MLS #: 5122876
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1890
Built
Neighborhood:
South Broadway
County:
Lorain
Area:
Lorain
School District:
Lorain CSD
Property Description
Absolute dynamite! Apartments 2, 5, and 6 were taken down to the frame and rebuilt. Work on these units was just completed with new white cabinetry, quartz tops, LVP flooring, windows upgraded, along with electrical. Almost all units now have hard surface tops. Seven of eight units are rented at this time. Common area laundry. Roof in 2025 w/ Puma XL System. Just over $7400 in income this property is expected to generate. You cannot go wrong at this price. All units in the building have gone through moderate to major upgrades and improvements. Do not wait on this opportunity.
Exterior Features

Attached Garage YN No Fencing Chain Link Levels Two Parking Features Parking Lot Parking Total 8 Waterfront YN No

Interior Features

Basement Full Basement YN Yes Building Area Total 5200 Heating Baseboard Forced Air Heating YN Yes Laundry Features Coin-operated Main Level Bathrooms 0

Property Features

Current Use Multi- Family Elementary School District Lorain CSD - 4709 Middle Or Junior School District Lorain CSD - 4709 Property Sub Type Apartment Sewer Public Sewer Tax Annual Amount 2583 Township Lorain Water Source Public

Listing information © 2025 YES-MLS.
Listing provided courtesy of Walnut Creek Realty, LLC.: 216-785-2345.
Listing information © 2025 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Griggy Property Group | KW Chervenic are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2025-06-22T23:07:39.84.
 
https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_5122876-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_5122876-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_5122876-2.jpg
Logo
Griggy Property Group | KW Chervenic
3810 Starrs Center Ct
Canfield OH, 44406
Listing courtesy of Walnut Creek Realty, LLC..
Listing information © 2025 YES-MLS.