NOT LISTED FOR SALE

202 Grant Ave Chesterton, IN 46304

Estimated Value: $224,000 - $389,000

5 Beds
3 Baths
2,684 Sq Ft
$111/Sq Ft Est. Value

Last Sold November 22, 2022

Last sale price $220,000 $82 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,006/month

15 Days on Market

Highlights

  • 4 Car Detached Garage
  • Porch
  • Carpet
  • Westchester Intermediate School Rated A-
  • Outdoor Storage
  • 5-minute walk to Thomas Centennial Park

About This Home

As of November 2022

Investment property available in the heart of Chesterton. This large 3 unit home is downtown with off street parking as well as a large detached 4 car garage for storage or additional rental income. Each unit has a large kitchen and 2 of 3 apartments have a separate dining area. The upstairs unit has a brand new furnace and each apartment has its own washer and dryer. All units are currently rented. Please allow 24 hr notice for showings.

Last Agent to Sell the Property

Heather Compton

Boulder Bay Realty Group License #RB14048655 Listed on: 09/01/2022

Last Buyer's Agent

Anthony Janiga

McColly Real Estate License #RB19002108

McColly Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,201

Year Built

  • Built in 1886

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Parking

  • 4 Car Detached Garage

Interior Spaces

  • 2,684 Sq Ft Home
  • Elevator
  • Laundry in unit
  • Basement

Flooring

  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Chesterton Senior High School

Listing and Financial Details

  • Total Actual Rent $22,800
  • Tenant pays for electricity, gas
  • The owner pays for gas, sewer, water
  • Assessor Parcel Number 640336405009000023

Community Details

Overview

  • 3 Units
  • Chesterton Subdivision

Building Details

  • Insurance Expense $1,900
  • Water Sewer Expense $965
  • New Taxes Expense $3,079
  • Gross Income $500
  • Net Operating Income $15,239

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,201

Year Built

Built in 1886

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Year Built: 1886
  • Reso Property Sub Type: Triplex
  • ResoLaundryFeatures: In Unit, Other
  • Road Surface Type: Gravel
  • Co List Office Mls Id: NRA768
  • Subdivision Name: Chesterton
  • Garage Yn: Yes
  • WaterExpense: 965.00
  • SewerExpense: 1757.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Crawl Space, Partial, Sump Pump
  • Flooring: Carpet, Linoleum, Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Acres: 0.2
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Porch

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Detached
  • Total Parking Spaces: 4

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712
  • Parcel #: 640336405009000023

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 500
  • Insurance Expense: 1900
  • Total Actual Rent: 22800

Tax Info

  • New Taxes Expense: 3079

MLS Schools

  • HighSchool: Chesterton Senior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2023
Sold by
Janiga Anthony J and Janiga Miranda E
Bought by
A & M Investment Group Llc
Current Estimated Value
$296,612

Purchase Details

Listed on
Sep 1, 2022
Closed on
Nov 22, 2022
Sold by
Compton Chad J and Compton Heather M
Bought by
Janina Anthony J and Gray Miranda E
Seller's Agent
Heather Compton
Boulder Bay Realty Group
Buyer's Agent
Anthony Janiga
McColly Real Estate
List Price
$220,000
Sold Price
$220,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.01%
Original Mortgage
$201,465
Interest Rate
6.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 28, 2021
Sold by
Golemblewski Victoria S
Bought by
Compton Chad J and Compton Heather M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
3.1%
Mortgage Type
New Conventional
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
A & M Investment Group Llc -- None Listed On Document
Janina Anthony J $220,000 Liberty Title
Compton Chad J -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Janina Anthony J $201,465
Previous Owner Compton Chad J $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2022 11/22/22 Sold $220,000 0.0% $82 / Sq Ft
10/23/2022 10/23/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $220,000 -- $82 / 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 $5,201 $254,100 $35,400 $218,700
2023 $1,421 $231,200 $31,600 $199,600
2022 $1,361 $136,000 $32,200 $103,800
2021 $3,079 $136,000 $32,200 $103,800
2020 $3,079 $136,000 $32,200 $103,800
2019 $3,079 $136,000 $32,200 $103,800
2018 $3,079 $136,000 $32,200 $103,800
2017 $3,079 $136,000 $32,200 $103,800
2016 $3,079 $152,100 $32,200 $119,900
2014 $2,715 $118,900 $27,000 $91,900
2013 -- $137,200 $30,600 $106,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 518814

Northwest Indiana Association of REALTORS®

APN: 64-03-36-405-009.000-023