Great investment opportunity with this fully renovated mixed-use property at 12224 Lorain Avenue! The building features a street-level storefront and three walk-up apartments: two 3-bedroom units and one 2-bedroom unit. The storefront and all three apartments have been remodeled. Improvements include a new flat roof, new windows, separate new furnaces, all new kitchens and baths, flooring, and lighting fixtures. The property also offers a full basement, washer and dryer, a two-car garage, additional rear parking, and a storage room with a new garage-style door. One of the 3 bedrooms is currently rented for $1500. The other units are vacant and ready to be leased. Nothing to do or improve; everything has been done and is ready! PRO FORMA RENTS: Storefront: $1,500-$2,000/month; two 3-bedroom apartments: $1,500/month each; 2-bedroom apartment: $1,350-$1,400/month. Total projected gross rent: $5,850-$6,400/month ($70,200-$76,800/year). Expenses estimated at $21000/year. Pro forma rents are estimates and are not guaranteed. 2025 PROPERTY TAXES: $7,754/year. Owner pays all utilities.

Based on information submitted to MLS Now as of September 27, 2026 8:21 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 12224 Lorain Avenue

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Jesse Allison Team

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Property Details of 12224 Lorain Avenue

Property Details

Basic Information

Building

Location

Finance

Interior Features

Basement

Utilities and Appliances

Utilities and Appliances

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Jesse Allison Team