NOT LISTED FOR SALE

1010 Hoffman St Hammond, IN 46327

Estimated Value: $164,000 - $244,000

7 Beds
4 Baths
2,840 Sq Ft
$72/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $200,000 $70 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,478/month

21 Days on Market

Highlights

  • No HOA
  • Awning
  • Central Heating
  • Neighborhood Views
  • Outdoor Storage
  • Vinyl Flooring

About This Home

As of July 2024

Calling all investors and house hackers! This prime investment opportunity presents a 3-unit building brimming with potential. Strategically positioned near highways, schools, parks, and the IN/IL border, this property offers convenience and accessibility.The main level unit features 3 bedrooms and 2 baths, while the two top units offer 2 bedrooms and 1 bath each, along with generously sized living rooms. Tenants are responsible for gas and electric utilities.With estimated rents ranging from $1200 to $1500 per month for the 3-bedroom unit and $1000 to $1200 per month for each 2-bedroom unit, the potential for robust rental income is evident. Estimated CAP rate falls between 15-20%, underscoring the lucrative nature of this income-producing investment property.Don't miss out on this exceptional opportunity to expand your portfolio or embark on your house hacking journey. Schedule your showing today and seize the chance to capitalize on this lucrative investment venture!

Last Agent to Sell the Property

Jeff McCormick

McCormick Real Estate, Inc. License #RB14033291 Listed on: 04/04/2024

Co-Listed By

Hector Calderon

McCormick Real Estate, Inc. License #RB23001446

Last Buyer's Agent

Wesley Thompson

Wesley Thompson Jr., Broker License #RB14035797

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,680

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 3,136 Sq Ft Lot
  • Lot Dimensions are 25x125
  • Back Yard Fenced

Home Design

  • Split Level Home
  • Fixer Upper

Interior Spaces

  • 2,840 Sq Ft Home
  • 2-Story Property
  • Awning
  • Aluminum Window Frames
  • Neighborhood Views
  • Fire and Smoke Detector

Flooring

  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 3 Units
  • Stafford & Trankles Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection, water
  • Rent includes sewer, water, trash collection
  • Assessor Parcel Number 45-03-30-381-004.000-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,680

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1920
  • Reso Property Sub Type: Triplex
  • ResoLotFeatures: Back Yard, Near Public Transit
  • ResoPoolFeatures: None
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Reso View: Neighborhood
  • ResoOtherEquipment: None
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: NRA1136
  • Subdivision Name: Stafford & Trankles Add
  • Above Grade Finished Sq Ft: 2840
  • Garage Yn: No
  • Unit Levels: Multi/Split, Two
  • New Construction: No
  • Reso Other Structures: None
  • Reso Property Condition: Fixer, Updated/Remodeled
  • ResoWindowFeatures: Aluminum Frames
  • Financial Info Electric: Circuit Breakers
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: Open Floorplan, Primary Downstairs
  • Basement: Dirt Floor, Storage Space, Walk-Up Access, Unfinished
  • Flooring: Laminate, Vinyl, Linoleum
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Awning(s), Private Yard, Storage, Rain Gutters
  • Fencing: Back Yard, Fenced, Chain Link
  • Acres: 0.072
  • Waterfront: No
  • Foundation Details: Slab
  • Patio And Porch Features: Awning(s)
  • Reso Roof: Shingle

Garage/Parking

  • Parking Features: Off Street, Paved, Other

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Water Available, Water Connected, Sewer Available, Sewer Connected, Electricity Available, Natural Gas Connected, Natural Gas Available, Electricity Connected, Cable Connected
  • Cooling: Wall Unit(s), Wall/Window Unit(s)
  • Heating: Central, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights, Sidewalks
  • Senior Community: No
  • HOA Rent Includes: Sewer, Water, Trash Collection
  • Association: No

Schools

  • Junior High Dist: Hammond

Lot Info

  • Lot Dimensions: 25x125
  • Lot Size Sq Ft: 3136.32
  • ResoLotSizeUnits: Square Feet
  • Additional Parcels: No
  • Parcel #: 45-03-30-381-004.000-023
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Trash Collection, Water

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2680

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
Jun 21, 2024
Sold by
Katsuno Daniela R
Bought by
Advanced Experts Real Estate Llc
Seller's Agent
Jeff McCormick
McCormick Real Estate, Inc.
Buyer's Agent
Wesley Thompson
Wesley Thompson Jr., Broker
List Price
$214,900
Sold Price
$200,000
Premium/Discount to List
-$14,900
-6.93%
Views
84
Current Estimated Value
$204,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,000
Avg. Annual Appreciation
1.55%

Purchase Details

Listed on
Oct 28, 2021
Closed on
Mar 17, 2022
Sold by
Homes By Hutnick Llc
Bought by
Katsuno Daniela R
Seller's Agent
Christine Coughlin
Listing Leaders
List Price
$99,000
Sold Price
$99,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.05%

Purchase Details

Listed on
Oct 28, 2021
Closed on
Mar 10, 2022
Sold by
Homes By Hutnick Llc
Bought by
Katsuno Daniela R
Seller's Agent
Christine Coughlin
Listing Leaders
List Price
$99,000
Sold Price
$99,000

Purchase Details

Listed on
Oct 28, 2021
Closed on
Mar 1, 2022
Sold by
Homes By Hutnick Llc
Bought by
Katsuno Daniela R
Seller's Agent
Christine Coughlin
Listing Leaders
List Price
$99,000
Sold Price
$99,000

Purchase Details

Closed on
Oct 25, 2021
Sold by
Innermission Inc
Bought by
Homes By Hutnick Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2021
Sold by
Innermission Inc
Bought by
Homes By Hutnick Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2017
Sold by
Thompson Rosa L and The Rosa L Thompson Revocable
Bought by
Inoormaition Inc

Purchase Details

Closed on
Oct 10, 2016
Sold by
Thompson Rosa L
Bought by
Thompson Rosa L and Thompson Robert
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Advanced Experts Real Estate Llc -- Meridian Title
Katsuno Daniela R -- Chicago Title
Katsuno Daniela R -- Chicago Title
Katsuno Daniela R -- Chicago Title
Homes By Hutnick Llc -- Greater Indiana Title Company
Homes By Hutnick Llc $32,000 Greater Indiana Title Co
Inoormaition Inc -- None Available
Thompson Rosa L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Homes By Hutnick Llc $42,000
Previous Owner Homes By Hutnick Llc $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2024 07/01/24 Sold $200,000 -6.9% $70 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $214,900 +117.1% $76 / Sq Ft
03/01/2022 03/01/22 Sold $99,000 0.0% $35 / Sq Ft View Prior Sale
01/30/2022 01/30/22 Pending -- -- --
10/28/2021 10/28/21 For Sale $99,000 -- $35 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,765 $97,700 $12,400 $85,300
2023 $2,677 $99,700 $12,400 $87,300
2022 $2,642 $98,600 $11,900 $86,700
2021 $546 $92,500 $11,900 $80,600
2020 $2,525 $92,500 $11,900 $80,600
2019 $3,476 $91,400 $11,900 $79,500
2018 $2,962 $90,800 $11,900 $78,900
2017 $3,329 $89,500 $11,900 $77,600
2016 $2,893 $89,600 $11,900 $77,700
2014 $2,832 $90,400 $12,200 $78,200
2013 $2,497 $84,200 $12,200 $72,000
Source: Public Records

Agents Affiliated with this Home

  • Jeff McCormick

    Seller's Agent in 2024

    Jeff McCormick

    McCormick Real Estate, Inc.

    (219) 613-5643

    67 in this area

    710 Total Sales

    Jeff McCormick
    Section Image
  • Hector Calderon

    Seller Co-Listing Agent in 2024

    Hector Calderon

    McCormick Real Estate, Inc.

    (805) 878-6547

    7 in this area

    84 Total Sales

    Hector Calderon
    Section Image

  • W

    Buyer's Agent in 2024

    Wesley Thompson

    Wesley Thompson Jr., Broker

    (708) 322-0201

    1 in this area

    70 Total Sales

    Wesley Thompson
    Section Image
  • Christine Coughlin

    Seller's Agent in 2022

    Christine Coughlin

    Listing Leaders

    (219) 508-5555

    10 in this area

    139 Total Sales

    Christine Coughlin
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 801700

Northwest Indiana Association of REALTORS®

APN: 45-03-30-381-004.000-023

Indiana Lake County Hammond 46327

1010 Hoffman St, Hammond, IN

This home is located at 1010 Hoffman St, Hammond, IN 46327 since 04 April 2024 and is currently estimated at $204,000, approximately $71 per square foot. This property was built in 1920. 1010 Hoffman St is a home located in Lake County with nearby schools including Washington Irving Elementary School, Eggers Middle School, and Hammond High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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