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$99,000
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Property Description
Attention Investors! This spacious 4-bedroom, 2 full bath home presents an excellent investment opportunity with strong income-producing potential. Whether you are looking to add a rental property to your portfolio, renovate and resell or create long term cash flow, this property offers tremendous value at an affordable price. The home features a spacious living room, formal dining room, functional kitchen and four generously sized bedrooms, providing ample space for tenants or future occupants. Exterior features include low maintenance vinyl siding, a large one-car garage, an oversized enclosed storage area and extra-large shed ideal for additional rental value. A rear driveway which provides convenient off-street parking. This property is a fantastic opportunity for investors seeking their next project or buy-and-hold investment.
Full Property Details
Full Property Details for 3123 W 56th St
General
- Price: $99,000
- Taxes: $1,298 (2025)
- Status: Active
- Type: Single Family
- Source: 505
- MLS ID: 5234228
- Updated: 8/31/2026
- Added to Site: 16 day(s) ago
Interior
- Number of Rooms: 8
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 2
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Driveway, Detached, Garage
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: James M Hoyts Allotment
- Driving Directions: Off Clark Ave and W. 56th St
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Cape Cod
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Partial
- Roof: Asphalt
- Stories/Levels: 2
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size: .1148
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $1,298
- Tax Year: 2025
Disclosures and Reports
- Legal Description: 47 HOYT 0264 ALL
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 016-11-162
Listed by Progressive Urban Real Estate Co, Nickia Shepherd
Get Pre-Approved Today
Schools
Schools serving 3123 W 56th St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Clark School 5550 Clark Avenue, Cleveland, OH 44102 | PK-8 | 0.1 mi |
Max S Hayes High School 2211 West 65th Street, Cleveland, OH 44102 | 9-12 | 0.3 mi |
Orchard School 4200 Bailey Avenue, Cleveland, OH 44113 | PK-8 | 0.8 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 3.8 mi |
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109 | 9-12 | 1.2 mi |
Rhodes Schools of Environmental Studies 5100 Biddulph Avenue, Cleveland, OH 44144 | 9-12 | 2.6 mi |
Davis Aerospace & Maritime High School 1440 Lakeside Avenue East, Cleveland, OH 44114 | 9-12 | 3.3 mi |
Halle 7901 Halle Avenue, Cleveland, OH 44102 | PK-8 | 0.8 mi |
Waverly Elementary School 1805 West 57th Street, Cleveland, OH 44102 | PK-8 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3123 W 56th St
Date
Details
Price
Change
Source
8/31/2026
Listed
$99,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3123 W 56th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,240
—
$18,900
—
2024
$1,240
—
$18,910
30%
2023
$1,240
13%
$14,530
—
2022
$1,096
1%
$14,530
—
2021
$1,085
12%
$14,530
30%
2020
$965
8%
$11,170
—
2019
$892
—
$11,170
—
2018
$889
10%
$11,170
14%
2017
$809
1%
$9,810
—
2016
$803
—
$9,810
—
2015
$802
-10%
$9,810
-10%
2014
$889
1%
$10,890
—
2013
$878
—
$10,890
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3123 W 56th St
3123 W 56th Street, Loveland, OH 44102 (MLS# 5234228) is a Single Family property with 4 bedrooms and 2 full bathrooms. 3123 W 56th Street is currently listed for $99,000 and was received on August 31, 2026. Want to learn more about 3123 W 56th Street? Do you have questions about finding other Single Family real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

