1027 Lake Ave Fort Wayne, IN 46805
Northside NeighborhoodEstimated payment $2,069/month
Highlights
- Government Subsidized Program
- Level Lot
- Carpet
- Hot Water Heating System
- Wood Siding
About This Home
Turnkey 4-Plex in the heart of the desirable 46805 district, fully occupied and generating $3,719/month in gross income with a NET annual income of $28,025. Ideally located within walking distance of Lakeside Park, this well-priced downtown investment opportunity features a freshly painted exterior (2024) and rehabbed units with updated paint, carpet, and appliances as needed prior to tenant move-in. A well-maintained, income-producing property offering immediate cash flow and long-term potential.
Listing Agent
Trueblood Real Estate, LLC. Brokerage Phone: 260-267-8220 Listed on: 05/12/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,125
Year Built
- Built in 1900
Lot Details
- 6,750 Sq Ft Lot
- Lot Dimensions are 45x150
- Level Lot
Home Design
- Quadruplex
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Parking
- 6 Parking Spaces
- On-Street Parking
- Off-Street Parking
Schools
- Forest Park Elementary School
- Lakeside Middle School
- North Side High School
Utilities
- Window Unit Cooling System
- Hot Water Heating System
Additional Features
- Suburban Location
- Government Subsidized Program
Listing and Financial Details
- Assessor Parcel Number 02-12-01-135-020.000-074
Community Details
Overview
- 4 Units
- Lakeside Park Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $3,694
- Fuel Expense $1,956
- Insurance Expense $1,704
- Maintenance Expense $500
- Water Sewer Expense $2,624
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $6,125 | $272,200 | $36,200 | $236,000 |
| 2024 | $3,610 | $190,500 | $27,000 | $163,500 |
| 2022 | $2,785 | $123,900 | $17,300 | $106,600 |
| 2021 | $2,735 | $122,100 | $6,900 | $115,200 |
| 2020 | $1,864 | $85,200 | $5,200 | $80,000 |
| 2019 | $1,154 | $53,000 | $9,900 | $43,100 |
| 2018 | $1,162 | $53,000 | $9,900 | $43,100 |
| 2017 | $1,172 | $53,000 | $9,900 | $43,100 |
| 2016 | $1,155 | $53,000 | $9,900 | $43,100 |
| 2014 | $1,087 | $52,300 | $9,000 | $43,300 |
| 2013 | $1,086 | $52,300 | $9,000 | $43,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/12/2026 05/12/26 | For Sale | $289,000 | +57.1% | $118 / Sq Ft | |
| 07/14/2023 07/14/23 | Sold | $184,000 | -8.0% | $75 / Sq Ft | View Prior Sale |
| 06/09/2023 06/09/23 | Pending | -- | -- | -- | |
| 05/26/2023 05/26/23 | Price Changed | $199,900 | -2.4% | $82 / Sq Ft | |
| 05/08/2023 05/08/23 | Price Changed | $204,900 | -2.4% | $84 / Sq Ft | |
| 05/08/2023 05/08/23 | For Sale | $209,900 | 0.0% | $86 / Sq Ft | |
| 04/27/2023 04/27/23 | Pending | -- | -- | -- | |
| 04/24/2023 04/24/23 | For Sale | $209,900 | -- | $86 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $184,000 | Centurion Land Title | |
| Warranty Deed | $130,000 | Centurion Land Title | |
| Warranty Deed | -- | Centurion Land Title | |
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $140,625 | New Conventional |
Source: Indiana Regional MLS
MLS Number: 202617710
APN: 02-12-01-135-020.000-074
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Ask me questions while you tour the home.