$399,900

Estimated payment $2,808/month

Total Views 2,247
4 Beds
4 Baths
2,720 Sq Ft
$147 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • Central Air

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, and one long-term tenant paying 700/month. Newer items include gutter system, replacement of sewer pipe and installation of cleanout in front yard, furnace in Unit 3. Vacant unit freshly painted; seller will be marketing for rent at 1150. Great upside and location.

Listing Agent

Antje Gehrken

A.R.E. Partners Inc. License #RB17000869 Listed on: 07/09/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,325

Year Built

  • Built in 1966

Home Design

  • Quadruplex

Interior Spaces

  • 2,720 Sq Ft Home
  • 1-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Additional Features

  • 16,466 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • The owner pays for exterior maintenance, water, trash collection, taxes, sewer, snow removal, roof maintenance, repairs, insurance, grounds care
  • Assessor Parcel Number 451215152026000030

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,325

Year Built

Built in 1966

Lot Details

0.38 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1966
  • Reso Property Sub Type: Quadruplex
  • ResoLaundryFeatures: Gas Dryer Hookup, Washer Hookup, Main Level
  • ResoLotFeatures: Rectangular Lot
  • Co List Office Mls Id: NRA1755
  • Subdivision Name: none
  • Above Grade Finished Sq Ft: 2720
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: Other, Pantry
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.378
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Individual Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 16466
  • Additional Parcels: No
  • Parcel #: 451215152026000030

Rental Info

  • Pets Allowed: No
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Exterior Maintenance, Water, Trash Collection, Taxes, Sewer, Snow Removal, Roof Maintenance, Repairs, Insurance, Grounds Care

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7325

Multi Family

  • Number Of Units Total: 4

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
07/09/2026 07/09/26 For Sale $399,900 +11.1% $147 / Sq Ft
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: Northwest Indiana Association of REALTORS®

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: Northwest Indiana Association of REALTORS®

MLS Number: 842081

Northwest Indiana Association of REALTORS®

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

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