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$146,500 -$1,000 (-0.68%) Price Reduced
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Property Description
Unlock the potential of this mixed-use commercial building featuring 2 retail storefronts and 3 residential apartments, making it an outstanding opportunity for investors, entrepreneurs, and owner-operators alike. Positioned on a highly visible corner lot, this versatile property offers endless possibilities for a variety of businesses. The residential component includes two large, spacious apartments on the second floor. One apartment features 3 bedrooms, while the other offers 4 bedrooms. Both units include generous living rooms, formal dining rooms, spacious kitchens, and hardwood flooring, providing comfortable living spaces with excellent rental potential. The third unit is a main-level rear efficiency apartment complete with its own kitchen and full bath, offering an additional income stream. The building features a newer boiler and offers tremendous upside with only minor repairs needed, making it an ideal value-add investment. 24-hour notice is required for all showings. No exceptions. Buyers are encouraged to perform their own due diligence. Information is deemed reliable but not guaranteed. Don't miss this exceptional opportunity to own a mixed-use property with great Income Producing ability, tremendous flexibility, and significant upside potential.
Full Property Details
Full Property Details for 3996 E 71st St
General
- Price: $146,500
- Taxes: $2,324 (2025)
- Status: Active
- Type: Commercial
- Source: 505
- MLS ID: 5225250
- Updated: 8/19/2026
- Added to Site: 31 day(s) ago
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Reid Estate
- Driving Directions: Corner of E.71st and Indiana Ave.
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Hot Water, Steam
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Flat
- Current Bldg. Use: Mixed Use
- Year Built: 1920
- Year Built Source: Public Records
- Other Struct. Feat.: Private Restrooms
Lot Features
- Lot Size (Acres): 0.1162
- Lot Size: .1162
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $2,324
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 314 REID 0049 ALL
- Property ID: 132-21-006
Listed by Keller Williams Greater Metropolitan, Jonothon Murchison
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Schools
Schools serving 3996 E 71st St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Albert Bushnell Hart 3900 East 75th Street, Cleveland, OH 44105 | K-8 | 0.2 mi |
Miles Park School 4090 East 93rd Street, Cleveland, OH 44105 | PK-8 | 0.9 mi |
Mound Elementary School, Cleveland, OH 5935 Ackley Road, Cleveland, OH 44105 | PK-8 | 1 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 7.9 mi |
Jane Addams Business Careers High School 2373 East 30th Street, Cleveland, OH 44115 | 9-12 | 3.4 mi |
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109 | 9-12 | 3.5 mi |
John Hay Early College High School 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 3.9 mi |
Warner Girls Leadership Academy 8315 Jeffries Avenue, Cleveland, OH 44105 | PK-8 | 1 mi |
Nathan Hale School 3588 Martin Luther King Junior Drive, Cleveland, OH 44105 | PK-8 | 1.8 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 3996 E 71st St
Date
Details
Price
Change
Source
8/19/2026
Price Reduced
$146,500
-0.68%
MLS
7/18/2026
Listed
$147,500
14.79%
MLS
4/30/2004
Sold
$128,500
—
Public Record
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 3996 E 71st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,403
—
$32,830
—
2024
$3,389
—
$32,840
31%
2023
$3,389
36%
$25,030
—
2022
$2,496
—
$25,030
—
2021
$2,504
6%
$25,030
10%
2020
$2,366
6%
$22,750
—
2019
$2,228
3%
$22,760
—
2018
$2,172
33%
$22,760
41%
2017
$1,639
—
$16,140
—
2016
$1,640
-42%
$16,140
-42%
2015
$2,827
-19%
$27,760
-20%
2014
$3,491
2%
$34,690
—
2013
$3,438
—
$34,690
—
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 3996 E 71st St
3996 E 71st Street, Loveland, OH 44105 (MLS# 5225250) is a Commercial property. 3996 E 71st Street is currently listed for $146,500 and was received on July 18, 2026. Want to learn more about 3996 E 71st Street? Do you have questions about finding other Commercial real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

