5465 Chapel RD new Save Request In-Person Tour Request Virtual Tour
Madison,OH 44057
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Dreamhaven
MLS Listing ID 5131979
Year Built 1932
Annual Tax Amount $9,069
Tax Year 2024
Lot Size 3.066 Acres
Property Sub-Type Mixed Use
Property Description
Long/Short term-Ready Investment Opportunity! Welcome to your turnkey rental retreat—featuring a main house and five fully furnished cottages on 3 private, park-like acres on Lake Erie, just minutes from Geneva-on-the-Lake and Mentor Headlands. This income-generating property is ideally located just steps from a public park and close to shopping, dining, and top regional attractions. Enjoy stunning sunset views, fire pits, dedicated entertainment areas, and two sheds thoughtfully transformed into cozy guest retreats. Each unit offers a fully equipped kitchen, while the main house and three cottages also feature in-unit laundry. All cottages were thoughtfully restored and major upgrades include all new roofs (2023), siding, two fully renovated bathrooms (2025), now transformed into stylish, comfortable, and guest-ready spaces with strong rental appeal. Everything you see, stays! (except for the 4-wheeler) Whether you're seeking a profitable short- and long-term rental portfolio or a unique multi-family compound, this rare property delivers on charm, versatility, and immediate income potential.
Location
State OH
County Lake
Interior
Heating Baseboard,Hot Water,Steam
Cooling Wall Unit(s)
Exterior
Parking Features Driveway,Detached,Garage,Unpaved
Fence Wood
Roof Type Asphalt,Fiberglass
Building
Story 2
Foundation Basement
Sewer Septic Tank
Water Public
Schools
School District Madison Lsd Lake- 4303
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional