This Colonial at 14620 Shaw Avenue is a documented, early-20th-century single-family home that presents a clear value-add opportunity. Built in 1921, the two-story frame property offers approximately 1,200 square feet of living area on a 2,870 sq ft lot with 35 feet of frontage on Shaw Avenue. Public records and listing sources show the house is vacant and has been marketed to investors and buyers seeking renovation projects.
Interior and structural information in the research record describes four bedrooms and one bathroom, a partially finished basement, a working fireplace, and forced-air gas heating. The home lacks central cooling and is noted in fair condition; the roof is a gable type. A detached single-car garage provides on-site parking and storage, and municipal utilities (water, sewer, electric, gas) serve the property. Property tax data for 2025 lists an annual tax amount of $842, and assessor records report an assessed total value of $12,050.
The immediate neighborhood is residential and anchored by nearby schools and green space. Shaw High School, Mayfair Elementary and Heritage Middle are within a mile, and Forest Hill Park sits about 1.2 miles away. Recent comparable sales within a half-mile—three transactions in the past six months—closed roughly between $85,000 and $105,000, reflecting market activity for similar-size, early-century homes in the area. Lease comparables and the platform's rental estimate suggest an estimated monthly rent near $1,000, though rental demand and achievable rents will depend on the scope of renovations and tenant targeting.
Risks and next steps are documented in the audit and executive summaries: the property’s fair condition may require substantial renovation, title and encumbrance review is recommended, and zoning is R-1 (single-family residential). Recommended verifications include a full on-site inspection, a detailed title search, and a cost estimate for repairs before making acquisition decisions. For investors focused on East Cleveland, this lot-size, layout, and proximity to schools and parkland provide clear positioning for either a renovation-for-resale strategy or a hold-as-rental approach, subject to due diligence.