$399,900
PENDING

Estimated payment $2,808/month

Total Views 2,366
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Excellent investment opportunity in Merrillville! 4-unit multifamily property features four approximately 680 sq. ft., 1 bed / 1bath units, with individual mechanicals including central air (tenants pay electric, gas) and in-unit laundry hookups. Current rents below market: two units at 880/month, one vacant unit previously rented for 925/month (new tenant lined up), and one long-term tenant paying 700/month. Newer items include gutter system, replacement of sewer pipe and installation of cleanout in front yard, HVAC in Unit 3. Great upside and location.

Listing Agent

Antje Gehrken

A.R.E. Partners Inc. Brokerage Phone: (312) 339-7655 License #471002284 Listed on: 07/09/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,325

Year Built

  • Built in 1966

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available

Additional Features

  • Lot Dimensions are 50 x 185
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,325

Year Built

Built in 1966

Lot Details

0.37 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1966
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Contingent
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (312) 339-7655
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: Yes
  • ParkingTotal: 8

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 x 185
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 7325
  • Tax Year: 2024

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $5,192 $382,200 $154,900 $227,300
2024 $5,333 $368,000 $154,900 $213,100
2023 $4,557 $227,600 $154,900 $72,700
2022 $4,557 $227,800 $154,900 $72,900
2021 $4,449 $222,400 $154,900 $67,500
2020 $4,522 $226,100 $154,900 $71,200
2019 $5,250 $222,800 $154,900 $67,900
2018 $5,485 $220,200 $154,900 $65,300
2017 $5,658 $220,200 $154,900 $65,300
2016 $5,390 $220,400 $154,900 $65,500
2014 $4,828 $227,200 $154,900 $72,300
2013 $4,911 $221,700 $154,900 $66,800
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 Prior Sale
08/19/2026 08/19/26 Pending -- -- --
07/09/2026 07/09/26 For Sale $399,900 +11.1% --
06/20/2023 06/20/23 Sold $360,000 0.0% $132 / Sq Ft View Prior Sale
05/21/2023 05/21/23 Pending -- -- --
01/16/2023 01/16/23 For Sale $360,000 -- $132 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $360,000 Chicago Title
Interfamily Deed Transfer -- Chicago Title Insurance Co
Quit Claim Deed -- None Available
Warranty Deed -- Indiana Title Network Co
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
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 Loan Amount Loan Type
Open $269,960 New Conventional
Previous Owner $147,000 New Conventional
Previous Owner $147,200 Commercial
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12701659

Midwest Real Estate Data (MRED)

APN: 45-12-15-152-026.000-030

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