Property Description

The property at 4155 E. 111th St in Cleveland's Union-Miles neighborhood presents a strong infill development opportunity in a city-supported redevelopment area. This vacant residential lot is well-suited for new single-family construction and benefits from access to Cleveland's residential tax abatement program, which can offer up to 15 years of tax savings (typically 85100% on improvements, depending on the project). The area is a focus for reinvestment, with potential access to city-backed gap financing, HOME funds, and other development incentives through the Cleveland Department of Community Development, as well as possible partnerships with local organizations like NuPoint CDC. This is an ideal opportunity for a builder or investor looking to develop in a neighborhood with growing demand for new housing and meaningful financial incentives to support the project.

Property Features

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