NOT LISTED FOR SALE

1331 Marshall St Gary, IN 46404

Tolleston Neighborhood

Estimated Value: $87,779 - $146,000

11 Beds
5 Baths
5,220 Sq Ft
$22/Sq Ft Est. Value

Last Sold November 26, 2014

Last sale price $42,000 $8 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $836/month

62 Days on Market

Highlights

  • 2 Car Detached Garage
  • Coin Laundry
  • 4-minute walk to Tolleston Park
  • Handicap Accessible

About This Home

As of November 2014

Great Income Opportunity!!! 5 unit all brick building.Four units are 2 bedrooms, tenants pay $650/month each, basement unit is 3 bedrooms, tenant pays $700/month. That's $3300/month income!!! Basement unit was just rehabbed. Tenants pay Electric and Cooking Gas. Seller pays Heat, Water and Scavenger. (Check total utility expenses below) All Appliances stay and are less than 5 years old. Seller has coin operated Washer and Dryer which amounts to $1800-$2200/a year. Hot water heater is 2-3 years old. Make your appointment today and start collecting income! Seller has a total of 5 properties he is selling. Willing to entertain a package deal!

Last Agent to Sell the Property

Tammey Hale

Ms Hale Realty, LLC License #RB14037327 Listed on: 08/26/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 3,049

Parking

  • 2 Car Detached Garage

Home Design

  • 5,220 Sq Ft Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Additional Features

  • Handicap Accessible
  • 3,049 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 450808182006000004

Community Details

Overview

  • 5 Units
  • South Bend & Gary Land Co's Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

3,049 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1926
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Barrier Fee Access, Coin Laundry
  • Co List Office Mls Id: GNR1253
  • Subdivision Name: South Bend & Gary Land Co's
  • GNR_TotalBathrooms: 5
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 11

Exterior Features

  • Acres: 0.07

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Size Sq Ft: 3049
  • ResoLotSizeUnits: Acres
  • Parcel #: 450808182006000004
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 1800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2020
Sold by
Ace Nwl Llc
Bought by
Winn Investments Llc
Current Estimated Value
$116,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Outstanding Balance
$81,161
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$35,729

Purchase Details

Closed on
Jan 22, 2020
Sold by
Li Mingqi
Bought by
Ace Nwi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Outstanding Balance
$81,161
Interest Rate
3.74%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$35,729

Purchase Details

Listed on
Aug 26, 2014
Closed on
Nov 26, 2014
Sold by
Redrock Enterprises Llc
Bought by
Li Mingqi
Seller's Agent
Tammey Hale
Ms Hale Realty, LLC
List Price
$42,000
Sold Price
$42,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%

Purchase Details

Closed on
Mar 4, 2012
Sold by
1335 Penn Llc
Bought by
Redrock Enterprises Llc

Purchase Details

Closed on
Mar 25, 2011
Sold by
Peoples Bank
Bought by
1335 Penn Llc

Purchase Details

Closed on
Sep 3, 2010
Sold by
Stokes Morris and Stokes Philishia
Bought by
Peoples Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Winn Investments Llc -- None Available
Ace Nwi Llc -- Indiana Title Network Co
Li Mingqi -- Professionals Title Svcs Llc
Redrock Enterprises Llc -- None Available
1335 Penn Llc -- Meridian Title Corp
Peoples Bank $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winn Investments Llc $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2014 11/26/14 Sold $42,000 0.0% $8 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $42,000 -- $8 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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
2025 $2,653 $111,200 $3,400 $107,800
2024 $8,455 $94,100 $3,400 $90,700
2023 $2,609 $95,900 $3,400 $92,500
2022 $2,609 $99,600 $3,400 $96,200
2021 $2,421 $92,500 $3,400 $89,100
2020 $2,421 $92,500 $3,400 $89,100
2019 $2,180 $92,500 $3,400 $89,100
2018 $2,194 $92,500 $3,400 $89,100
2017 $2,173 $92,200 $9,100 $83,100
2016 $2,226 $96,000 $9,100 $86,900
2014 $2,031 $86,800 $3,400 $83,400
2013 $1,800 $80,100 $3,400 $76,700
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Tammey Hale

    Ms Hale Realty, LLC

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR357446

Northwest Indiana Association of REALTORS®
Indiana Lake County Gary 46404 Tolleston

1331 Marshall St, Gary, IN

Not Listed for Sale

MultiFamily

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Northwest Indiana Association of REALTORS® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple 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.
Based on information submitted to the MLS GRID

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