$429,900
PENDING

Estimated payment $2,799/month

Total Views 1,067
9 Beds
5 Baths
5,346 Sq Ft
$80 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Balcony
  • Hebron Middle School Rated 9+
  • Neighborhood Views
  • Cul-De-Sac

About This Home

Rare investment opportunity! This fully occupied 4-unit apartment building offers immediate rental income and includes one spacious 3-bedroom, 2-bath unit with a partial basement and three 2-bedroom, 1-bath units. All units are currently tenant occupied on month-to-month leases. Tenants have access to coin-operated laundry located in the basement, providing additional income potential. Current rents are below market value, creating an excellent opportunity for increased cash flow. An additional identical 4-unit building next door is also available for purchase, offering investors the rare chance to expand their portfolio with neighboring properties. See MLS # 834946

Listing Agent

Katherine Wietbrock

McColly Real Estate License #RB14044871 Listed on: 03/05/2026

McColly Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,804

Year Built

  • Built in 1979

Interior Spaces

  • 5,346 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Country Kitchen
  • Basement

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms

Laundry

  • Laundry Room
  • Laundry on lower level
  • Washer and Electric Dryer Hookup

Home Security

Parking

  • 8 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Schools

  • Hebron Elementary School
  • Hebron Middle School
  • Hebron High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Balcony
  • Cul-De-Sac

Listing and Financial Details

  • The owner pays for exterior maintenance, water, trash collection, taxes, sewer, snow removal, repairs, insurance, grounds care
  • Rent includes sewer, water, trash collection
  • Assessor Parcel Number 641411153003000002

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Park Place Plaza Subdivision

Building Details

  • Insurance Expense $2,762
  • Trash Expense $1,332
  • Water Sewer Expense $2,886
  • New Taxes Expense $5,804
  • Gross Income $35,700

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,804

Year Built

Built in 1979

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1979
  • Reso Property Sub Type: Apartment
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup, Laundry Room, Lower Level
  • ResoLotFeatures: Cul-De-Sac
  • Reso View: Neighborhood
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: NRA257
  • Subdivision Name: Park Place Plaza
  • Above Grade Finished Sq Ft: 5346
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • WaterExpense: 2886.00
  • SewerExpense: 2886.00
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Country Kitchen, Walk-In Closet(s), Laminate Counters, Eat-in Kitchen
  • Basement: Crawl Space, Unfinished, Storage Space, Sump Pump, Partially Finished, Interior Entry
  • Flooring: Carpet, Tile, Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 9

Exterior Features

  • Exterior Features: Balcony, Rain Gutters
  • Acres: 0.285
  • Waterfront: No
  • Reso Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Additional Parking, Off Street, Paved, Asphalt
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
  • Cooling: Ceiling Fan(s), Individual Units, Unit Control
  • Heating: Baseboard, Natural Gas, Hot Water
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Water, Trash Collection
  • Association: No

Fee Information

  • Trash Expense: 1332

Schools

  • Junior High Dist: Boone Township
  • Middle Or Junior School: Hebron Middle School

Lot Info

  • Lot Size Sq Ft: 12415
  • Additional Parcels: No
  • Parcel #: 641411153003000002
  • Zoning Description: Residential

Rental Info

  • Pets Allowed: Number Limit, Size Limit
  • Tenant Pays: Cable TV, Electricity
  • Owner Pays: Exterior Maintenance, Water, Trash Collection, Taxes, Sewer, Snow Removal, Repairs, Insurance, Grounds Care

Tax Info

  • Year: 2024
  • New Taxes Expense: 5804
  • Tax Annual Amount: 5804

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 35700
  • Insurance Expense: 2761.67

MLS Schools

  • HighSchool: Hebron High School
  • Elementary School: Hebron Elementary School

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2025 $5,954 $318,500 $37,300 $281,200
2024 $4,003 $263,200 $31,100 $232,100
2023 $3,655 $174,400 $23,300 $151,100
2022 $3,505 $158,600 $23,300 $135,300
2021 $3,869 $168,300 $23,300 $145,000
2020 $3,819 $168,300 $23,300 $145,000
2019 $3,813 $168,300 $23,300 $145,000
2018 $4,261 $188,300 $23,300 $165,000
2017 $4,288 $190,400 $23,300 $167,100
2016 $4,241 $188,300 $23,000 $165,300
2014 $4,279 $190,000 $21,900 $168,100
2013 -- $190,300 $23,600 $166,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2026 03/12/26 Pending -- -- --
03/05/2026 03/05/26 For Sale $429,900 -- $80 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Source: Northwest Indiana Association of REALTORS®

MLS Number: 834944

Northwest Indiana Association of REALTORS®
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