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5465 Chapel Road, Madison, OH 44057

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For Sale

$1,200,000

3.07 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 3.1 acres
    Lot size

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 5131979

Courtesy Of Chervenic Realty Inc

(330) 836-4300

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Water Front
  • Heating System
    Steam, Baseboard
  • Lot Size
    3.07 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 5465 Chapel Road, Madison, OH 44057

Home seller CENTURY 21 Asa Cox Homes

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CENTURY 21 Asa Cox Homes

(440) 639-0002
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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