NOT LISTED FOR SALE

2031 Rhode Island St Gary, IN 46407

Midtown Neighborhood

Estimated Value: $44,000 - $98,000

4 Beds
2 Baths
1,450 Sq Ft
$55/Sq Ft Est. Value

Last Sold March 21, 2023

Last sale price $35,000 $24 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $526/month

8 Days on Market

About This Home

As of March 2023

Investors needed, For a two unit multifamily with Great potential. Needs complete renovation. Duplex sold as is. Recently cleaned out.

Last Listed By

Simon Ristevski

Listing Leaders License #RB21000649 Listed on: 02/06/2023

Listing Leaders

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,350

Year Built

  • Built in 1953

Lot Details

  • 9,060 Sq Ft Lot
  • Lot Dimensions are 73x124

Interior Spaces

  • 1,450 Sq Ft Home
  • Elevator

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Wilsons Sub Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Rent includes electricity, gas, water
  • Assessor Parcel Number 450810456004000004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,350

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Co List Office Mls Id: NRA1690
  • Subdivision Name: Wilsons Sub
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Interior Amenities: Elevator
  • Flooring: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.208
  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gas, Water

Lot Info

  • Lot Dimensions: 73x124
  • Lot Size Sq Ft: 9060
  • Parcel #: 450810456004000004

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Mar 20, 2023
Sold by
Ristevski Aleksandar
Bought by
Wards Investments Llc
Seller's Agent
Simon Ristevski
Listing Leaders
Buyer's Agent
Frederick Long
Better Homes and Gardens Real
List Price
$35,000
Sold Price
$35,000
Total Days on Market
8
Current Estimated Value
$80,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,387
Avg. Annual Appreciation
48.03%
Original Mortgage
$76,400
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2022
Sold by
Auditor Of Lake County
Bought by
Phelps Cleo

Purchase Details

Closed on
Jan 4, 2008
Sold by
Us Bank Na
Bought by
Phelps Cleo

Purchase Details

Closed on
Apr 20, 2007
Sold by
James Donnell L and Smith Rothchild Financial Co
Bought by
U S Bank Na and Mastr Asset Backed Securities Trust 2006

Purchase Details

Closed on
Oct 7, 2005
Sold by
Lake County Trust Co
Bought by
James Donnell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,150
Interest Rate
8%
Mortgage Type
Fannie Mae Freddie Mac

Range of Values:

Collateral Analytics

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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
Wards Investments Llc $35,000 --
Phelps Cleo $12,700 --
Phelps Cleo $13,000 Ash Title Agency Llc
U S Bank Na $54,900 None Available
James Donnell -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wards Investments Llc $88,500
Closed Wards Investments Llc $76,400
Previous Owner James Donnell $43,700
Previous Owner James Donnell $54,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2023 03/21/23 Sold $35,000 0.0% $24 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $35,000 -- $24 / 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 $3,350 $36,500 $9,400 $27,100
2023 $958 $38,000 $9,400 $28,600
2022 $912 $35,600 $6,200 $29,400
2021 $866 $33,800 $6,200 $27,600
2020 $840 $32,800 $6,200 $26,600
2019 $2,121 $30,800 $5,800 $25,000
2018 $1,754 $23,700 $6,200 $17,500
2017 $564 $24,000 $6,200 $17,800
2016 $531 $24,900 $6,200 $18,700
2014 $800 $34,200 $7,500 $26,700
2013 $1,243 $55,300 $7,500 $47,800
Source: Public Records

Agents Affiliated with this Home

  • Simon Ristevski

    Seller's Agent in 2023

    Simon Ristevski

    Listing Leaders

    (219) 805-0518

    3 in this area

    42 Total Sales

    Simon Ristevski
    Section Image
  • Frederick Long

    Buyer's Agent in 2023

    Frederick Long

    Better Homes and Gardens Real

    (219) 406-6927

    2 in this area

    70 Total Sales

    Frederick Long
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 525778

Northwest Indiana Association of REALTORS®

APN: 45-08-10-456-004.000-004

Indiana Lake County Gary 46407 Midtown

2031 Rhode Island St, Gary, IN

Homes for Sale in Gary, IN

This home is located at 2031 Rhode Island St, Gary, IN 46407 since 06 February 2023 and is currently estimated at $80,387, approximately $55 per square foot. This property was built in 1953. 2031 Rhode Island St is a home located in Lake County with nearby schools including Daniel Hale Williams Elementary School, Gary Middle School, and West Side Leadership Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.