NOT LISTED FOR SALE
12 Beds
6 Baths
6,428 Sq Ft
4,750 Sq Ft Lot

Sale Details

Date Sold: April 2, 2012

Last sale price $308,000 $48 Per Sq Ft

243 Days on Market

Highlights

  • Hot Water Heating System
  • Laundry Facilities
  • Fenced

About This Home

As of April 2012

Attention Investors!! Great Cash Flow!! Two beautiful, well-maintained all brick buildings. 1201 120th has 2 - 2 bedroom units and 1943 Atchison has 4 - 2 bedroom units. Fully rented with leases and security deposits, with greater income potential as rents are not fully maximized. All units feature hardwood floors, large eat-in kitchens and spacious living rooms. Full basements in each building have laundry hook-ups. Fenced courtyard between buildings. Over 40 windows replaced in October 2010. Both buildings tuckpointed in June 2011. New roof on 1943 Atchison in 2009. Tenants own all stoves, refrigerators, washer/dryers and window wall air conditioners. Please do not disturb tenants.

Last Agent to Sell the Property

Laura Getting

McColly Real Estate License #RB14045668 Listed on: 06/02/2011

McColly Real Estate

Last Buyer's Agent

Albert Minniti

Albert W. Minniti Real Estate License #RB14005785

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 4,750 Sq Ft Lot
  • Lot Dimensions are 38x125
  • Fenced

Parking

  • Off-Street Parking

Home Design

  • Brick Foundation

Interior Spaces

  • 6,428 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Total Actual Rent $46,500
  • Rent includes trash collection, water
  • Assessor Parcel Number 450307252012000025

Community Details

Overview

  • 6 Units
  • Davidson Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $3,368
  • Water Sewer Expense $2,178
  • New Taxes Expense $7,175
  • Net Operating Income $31,768

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

4,750 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1937
  • ResoLaundryFeatures: Common Area
  • Co List Office Mls Id: NRA254
  • Subdivision Name: Davidson
  • WaterExpense: 2178.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Interior Amenities: Elevator
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 12
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Fenced
  • Acres: 0.109
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Utilities: Cable Available, Sewer Available
  • Cooling: None
  • Heating: Hot Water, Natural Gas, Radiant
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Other, Trash Collection, Water

Schools

  • Junior High Dist: Whiting

Lot Info

  • Lot Dimensions: 38x125
  • Lot Size Sq Ft: 4750
  • Parcel #: 450307252012000025

Rental Info

  • LeaseType: Net

Multi Family

  • Number Of Units Total: 6
  • Insurance Expense: 3368
  • Total Actual Rent: 46500

Tax Info

  • New Taxes Expense: 7175

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2011
Closed on
Mar 29, 2012
Sold by
Bought by
Seller's Agent
Laura Getting
McColly Real Estate
Buyer's Agent
Albert Minniti
Albert W. Minniti Real Estate
List Price
$308,000
Sold Price
$308,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,400
Interest Rate
0.0395%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
-- Community Title Company
Source: Public Records

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 Borrower Loan Amount
Open $230,000
Closed $246,400
Source: Public Records

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
04/02/2012 04/02/12 Sold $308,000 0.0% $48 / Sq Ft
03/03/2012 03/03/12 Pending -- -- --
06/02/2011 06/02/11 For Sale $308,000 -- $48 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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 $6,158 $303,500 $28,500 $275,000
2024 $13,564 $267,200 $28,500 $238,700
2023 $5,866 $307,900 $28,500 $279,400
2022 $5,866 $293,300 $22,700 $270,600
2021 $6,172 $308,600 $22,700 $285,900
2020 $6,172 $308,600 $22,700 $285,900
2019 $6,172 $308,600 $22,700 $285,900
2018 $6,192 $308,600 $22,700 $285,900
2017 $6,290 $313,200 $22,700 $290,500
2016 $6,574 $326,800 $22,700 $304,100
2014 $6,694 $313,200 $22,700 $290,500
2013 $6,341 $296,000 $22,700 $273,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 287878

Northwest Indiana Association of REALTORS®

APN: 45-03-07-252-012.000-025

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