2044 E 29th Street, Lorain, OH 44055
Sheffield Land Companys 01 A · Lorain County
Key Facts
Description
Excellent investment opportunity! This spacious 4-bedroom, 1-bath single-family home is a turnkey addition to any rental portfolio. Currently tenant-occupied and generating $1,800 per month in rental income, providing immediate cash flow from day one. The property offers a functional floor plan with generous living space and strong rental appeal in an established Lorain neighborhood. This property presents a great opportunity for both seasoned investors and those looking to expand their real estate holdings. With stable tenancy already in place, buyers can avoid vacancy and leasing costs while benefiting from consistent income. Conveniently located near schools, parks, shopping, dining, and highway access, supporting long-term tenant demand. Whether you're seeking a cash-flowing asset, a portfolio addition, or a buy-and-hold investment with future appreciation potential, this income-producing property is worth a closer look.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Colonial
Year Built
1900
Lot Size
0.16 acres
Garage Spaces
2
Days on Market
6
MLS® Listing#
5216471
Property Features
Appliances
Cooling
Heating
Basement
Parking
Construction
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$1,085
Tax year 2025
Parcel Number
03-00-094-102-002
Directions
From Grove Ave., turn left onto East 29th Street
Affordability Calculator
$35,000
Estimated monthly payment
$931/mo
Principal $140,000 · Est. interest $195,312 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lorain, OH
- 39
- Median Days on Market
- 1,650
- Median Sq Ft
- $130
- Median Price / Sq Ft
- 126
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Lorain, OH.
Location
Getting Around
Points of Interest in Lorain, OH
Showing the Lorain area map.
Nearby Schools
Palm Elementary School
Elementary · 0.5 mi away
Summit Academy
Elementary · 0.6 mi away
Southview High School
Secondary · 1.0 mi away
Stevan Dohanos Elementary School
Elementary · 1.0 mi away
Southview Middle School
Secondary · 1.2 mi away
Helen Steiner Rice Elementary
Elementary · 1.3 mi away
Barr Elementary School
Elementary · 1.4 mi away
Vincent Elementary School
Elementary · 1.8 mi away
Rapha Academy
School · 1.8 mi away
Lorain Preparatory High School
Secondary · 1.9 mi away
Garfield Elementary School
Elementary · 2.1 mi away
Larkmoor Elementary School
Elementary · 2.1 mi away
Brookside Middle School
Secondary · 2.2 mi away
Sheffield-Sheffield Lake City Schools
School · 2.2 mi away
Brookside Intermediate School
Elementary · 2.2 mi away
Brookside High School
Secondary · 2.3 mi away
Clearview High School
Secondary · 2.4 mi away
Durling Middle School
Secondary · 2.5 mi away
Hawthorne Elementary School
Elementary · 2.5 mi away
Summit Academy
School · 2.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1620 Cedar Drive, Lorain, OH | $129,900 | 3 | 1 | 1,059 |
| 4316 Charleston Avenue, Lorain, OH | $129,900 | 3 | 1 | 864 |
| 1714 Long Avenue, Lorain, OH | $132,500 | 3 | 1 | 1,496 |
| 1756 Livingston Avenue, Lorain, OH | $135,000 | 3 | 1 | — |
| 1036 Oberlin Avenue, Lorain, OH | $135,000 | 4 | 2 | — |
| 407 W 22nd Street, Lorain, OH | $135,000 | 4 | 2 | — |
Moving Cost Estimate
EXIT Agents in Lorain
Listing Courtesy: Fathom Realty - mydavis82@yahoo.com, 216-640-6216
Last Updated: 2026-06-04