List Search

Auction-Foreclosure Judgment | Shaker Sq

$1,500,000 USD

Multifamily For Sale  •  474,101 SF

13 Properties View all

Property Details

  • Property Type Multifamily
48 Transit Score
84 Walk Score

Highlights

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

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 20 min - 7.3 mi
22 min - 8.8 mi
Transit/SubwayDriveWalkDistance
Shaker Square (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 3 min 5 min 0.3 mi
Drexmore (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 2 min 8 min 0.4 mi
Coventry (Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 2 min 10 min 0.5 mi
South Woodland (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 2 min 13 min 0.7 mi
East 116 (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 2 min 19 min 0.9 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 31 min - 17.2 mi
Adam Sklaver 301-706-4619 Marcus & Millichap
Adam Sklaver 301-706-4619 Marcus & Millichap