Investor opportunity with immediate income and upcoming availability! This 3-bedroom ranch offers 912 sq. ft. plus a full basement and is currently rented at $1,100 per month. Long-term tenant has given notice and plans to vacate November 30, giving the new owner flexibility for future improvements and rental plans. Major improvements include roof replacement (tear off) in Sept. '26, plus replacement windows, and a newer furnace in recent years. Annual real estate taxes are approximately $1,306. An affordable opportunity to add to your rental portfolio with several major improvements already completed!
West Lorain, located between the Black River and Lake Erie, is a residential and industrial Lorain neighborhood with lakefront views and working-port energy. The neighborhood’s character concentrates around West 21st Street and Broadway, where corner taverns, barbershops, and long-running local eateries set a steady, lived-in rhythm. Brick duplexes and compact bungalows mix with older storefront blocks, giving many streets a practical, early-20th-century feel. Lakeview Park’s lawns, beach, and rose garden shape daily routines along the water. The Lorain Lighthouse and the Port of Lorain keep the horizon busy with boats and breakwalls. The Lorain Palace Theatre and the International City Sculpture Garden add a cultural counterpoint downtown.
Provided by Walk Score and Local Logic
Market insights
2425 Reeves Ave · $89,900
DAYS ON MARKET
1 days
The average home goes pending in 27 days.
SALE-TO-LIST
98.9%
Most homes are selling 1% below list price.
LIST PRICE
$89,900
Median sale price in this area is $299,331. (233% higher than this home)
PRICE DROP
0 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Double-pane windows
Full, finished basement
Bedrooms
3 bedrooms on the main level
Bathrooms
1 full bathroom on the main level
Laundry & utility
Laundry in the basement
Heating & cooling
Forced-air, gas heating
Exterior features
Front porch
Home design
1 story
West-facing
Parking
Driveway
Detached garage
1 garage space
Gravel parking
Construction
Asphalt and fiberglass roof
Vinyl siding
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
A variety of housing options are permtted within this district consistent with the walkable, neighborhood character intended for single-family neighborhoods. Attached and detached dwellings are permitted at densities compatible with traditional city neighborhoods and well suited as a buffer to transition from single-family neighborhoods to nonresidential uses.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 98° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Lorain, OH • 44052
Average low and high temperatures (°F)
30
19
36
24
53
37
62
44
65
52
79
65
83
71
77
66
74
59
65
51
52
41
40
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Lorain. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2425 Reeves Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $76,000 and $184,191.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $76K to $184K.