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Multifamily For Sale • 474,101 SF
| STARTING BID $1,500,000 | Shaker Square Apartments | 308 Units | AUCTION MARCH 23-25 |
| Purchaser to receive title to the asset free and clear through assignment of foreclosure judgment estimated for January/February 2026. |
| Significant repositioning opportunity | MAI Appraisal for $32,350,000 ($105,032/unit) in 2020 | Adjacent properties sold in the $60,000s/unit in 2022 |
| Lightly renovated adjacent properties renting for $1,150 for 2BDs and $1,500 for 3BDs; New construction in Shaker Square neighborhood renting 2BDs for |
| Located only minutes away from NE Ohio’s two largest employers: Cleveland Clinic and University Hospitals main campuses, along with Case Western Rese |
| One block from RTA train to Downtown and Airport | Over 70% of units were nicely renovated (granite counters, gutted bathrooms) by previous owner |
| Transit/Subway | Drive | Walk | Distance |
|---|---|---|---|
| Shaker Square (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 1 min | 3 min | 0.2 mi |
| Drexmore (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 2 min | 7 min | 0.4 mi |
| Coventry (Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 1 min | 9 min | 0.5 mi |
| South Woodland (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 3 min | 13 min | 0.7 mi |
| Airport | Drive | Walk | Distance |
| Cleveland-Hopkins International | 23 min | - | 16.2 mi |
Adam Sklaver
Marcus & Millichap
Adam Sklaver
Marcus & Millichap
