Cleveland neighborhoods, investing

[Chelsea Jeffers]

I am looking at a property in the North Collinwood area of Cleveland, Ohio. Im told it is a C-/D+ area.

I’m wondering what everyone’s thoughts are on this area.

The numbers for the property make sense. My agent has brought me the property before putting it on the market.

[Robert Matelski]

Originally posted by @Chelsea Jeffers:

@Ricardo Navarro my property management company manages quite a few in that area.

I am definitely still skeptical.

Hey Chelsea... from seeing who you worked with to buy your other property recently, it looks like you're working with Haven/Azzam... North Collinwood varies quite a bit, and yes, Haven manages quite a few properties there (including mine). They don't tend to steer their clients majorly wrong so I honestly don't think you need to be too concerned. My North Collinwood properties are solid performers. North Collinwood tends to get better as you progress north/east. Some of the blocks closest to the lake are actually commonly occupied by 6-figure-earning professionals. The difference between a property on Hale Ave. off of E. 140th for example and a property on East Park Dr. off of Lakeshore Blvd. could not be more stark (yet they are both technically North Collinwood). The other commenters probably don't understand how nuanced and variable this neighborhood is. Let google maps (street view) and census data (income, vacancy rate, etc.) be your friend and show you just how bad (or decent) any neighborhood actually is. I have created a map of the Cleveland area that is derived solely from data (rather than anecdotes/opinions) to show risk level for each census tract and would be happy to show you... just inbox me if you're interested.