$119,900

Set in the North Collinwood neighborhood of Cleveland two blocks from the East 185th Street business district, 18703 Kewanee Ave is a 1928 Cape Cod offered as a leased investment with contracted income in place into 2027. The home offers 1,344 sq ft above grade with 3 bedrooms and 2 full baths, one on the main floor and one in the basement with a separate tiled shower stall. Original character runs throughout: hardwood floors, natural woodwork, glass doorknobs, arched openings, a decorative fireplace with mantel mirror, an enclosed front porch, and an eat-in kitchen with a tiled stove alcove and gas range. Systems include a Ruud Achiever 90 Plus high-efficiency gas furnace, central air, a full 768 sq ft basement with laundry, and a detached 2-car garage on a 50 x 100 lot. A fixed-term lease runs through September 30, 2027 at $1,300 per month; the same tenancy has been in place since October 2023 with one renewal, and the tenant pays gas, electric, lawn care, and snow removal. Water and sewer in owner name with tenant reimbursement at actual usage. Cleveland lead safe certification runs through January 2028, rental registration is current, and no point of sale inspection is required. Nearby anchors include the East 185th Street corridor with Two Friends Brewing and the restored LaSalle Theatre within about 0.7 mi, Cleveland Metroparks' Villa Angela and Wildwood lakefront parks within about 0.8 mi and Euclid Beach Park about 1.2 mi, where a 28-acre park expansion and new lakefront trail broke ground in 2026, with I-90 access about 1 mi and downtown Cleveland about 9 mi. Other features include: ceiling fans, glass block basement windows, basement utility sink, enclosed front porch. Sold to principal buyers only: no wholesalers, assignment clauses, seller financing, land contracts, or lease options. Offering memorandum and video tour available from the listing broker. Agent owned property, but not the listing broker.