NOT LISTED FOR SALE

15 Lincoln Ave New Chicago, IN 46342

Estimated Value: $139,000 - $200,000

4 Beds
2 Baths
1,403 Sq Ft
$120/Sq Ft Est. Value

Last Sold February 06, 2020

Last sale price $107,500 $77 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,017/month

71 Days on Market

About This Home

As of February 2020

Sharp 2 unit located on the corner of Lincoln Ave. and Indiana Street right across the street from the River Forest schools. Both sides recently leased for $825 monthly, tenants pay all utilities. Both the inside and outside were recently completely stripped, gutted and remodeled. Mechanicals, roof, siding, trim, windows replaced outside. Inside the walls were gutted down to the studs and rebuilt on both sides. Interior doors, trim, kitchens and baths all built new. Units come with stove, fridge and microwave/hood combination. Cap rate coming in right at 15.4 % depending on your insurance cost.

Last Agent to Sell the Property

David Speckman

RE/MAX Realty Associates License #RB14020434 Listed on: 10/28/2019

RE/MAX Realty Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,155

Year Built

  • Built in 1971

Lot Details

  • 0.28 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • 1,403 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 450919302004000022

Community Details

Overview

  • 2 Units
  • New Chicago 5Th Add Subdivision

Amenities

  • Community Storage Space

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,155

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1971
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Pets Allowed, Storage Shed
  • Co List Office Mls Id: GNR337
  • Subdivision Name: New Chicago 5th Add
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_ParkingSurface: Gravel
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.285

Garage/Parking

  • Parking Features: None

Lot Info

  • Lot Size Sq Ft: 12415
  • Parcel #: 450919302004000022
  • Zoning Description: Residential

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
Feb 6, 2020
Sold by
Boerman Construction Inc
Bought by
Tunnel View Llc
Seller's Agent
David Speckman
RE/MAX Realty Associates
List Price
$107,500
Sold Price
$107,500
Total Days on Market
71
Current Estimated Value
$155,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,258
Avg. Annual Appreciation
8.44%
Original Mortgage
$67,200
Outstanding Balance
$48,135
Interest Rate
3.72%
Mortgage Type
Commercial
Estimated Equity
$119,717

Purchase Details

Listed on
Aug 2, 2013
Closed on
Sep 10, 2013
Sold by
Fannie Mae
Bought by
Boerman Construction Inc
Seller's Agent
Michele O'Connor
RE/MAX 10 Schererville
List Price
$15,500
Sold Price
$15,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.27%

Purchase Details

Closed on
Jan 16, 2013
Sold by
Bank Of America N A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 7, 2012
Sold by
Beaver Michael J
Bought by
Bank Of America Na

Purchase Details

Closed on
Oct 21, 2005
Sold by
Estate Of Virginia H Finco
Bought by
Squires John P and Squires Michael D
Source: Public Records

Range of Values:

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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
Tunnel View Llc -- Chicago Title Company Llc
Boerman Construction Inc -- Hold For Meridian Title Corp
Federal National Mortgage Association -- None Available
Bank Of America Na $66,262 None Available
Squires John P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tunnel View Llc $67,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2020 02/06/20 Sold $107,500 0.0% $77 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
10/28/2019 10/28/19 For Sale $107,500 +593.5% $77 / Sq Ft
09/11/2013 09/11/13 Sold $15,500 0.0% $11 / Sq Ft
08/12/2013 08/12/13 Pending -- -- --
08/02/2013 08/02/13 For Sale $15,500 -- $11 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $5,328 $130,900 $27,300 $103,600
2023 $3,563 $123,900 $32,600 $91,300
2022 $3,563 $111,700 $22,400 $89,300
2021 $3,193 $100,100 $18,600 $81,500
2020 $2,373 $76,800 $18,600 $58,200
2019 $2,298 $72,900 $18,600 $54,300
2018 $2,200 $70,500 $18,600 $51,900
2017 $2,212 $69,800 $18,600 $51,200
2016 $2,269 $70,700 $18,600 $52,100
2014 $1,654 $57,400 $4,900 $52,500
2013 $1,681 $57,800 $4,900 $52,900
Source: Public Records

Agents Affiliated with this Home

  • David Speckman

    Seller's Agent in 2020

    David Speckman

    RE/MAX

    (219) 746-3416

    68 Total Sales

    Section Image

  • M

    Seller's Agent in 2013

    Michele O'Connor

    RE/MAX

See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR465360

Northwest Indiana Association of REALTORS®

APN: 45-09-19-302-004.000-022

Indiana Lake County New Chicago 46342

15 Lincoln Ave, New Chicago, IN

This home is located at 15 Lincoln Ave, New Chicago, IN 46342 since 28 October 2019 and is currently estimated at $167,852, approximately $119 per square foot. This property was built in 1971. 15 Lincoln Ave is a home located in Lake County with nearby schools including River Forest Jr-Sr High School and Hobart Baptist School.

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Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple 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.

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