$170,000
SOLD SEP 16, 2024

2042-48 Rhode Island Ct Gary, IN 46407

Midtown Neighborhood
4 Beds
2 Baths
725 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$234 Per Sq Ft

6% Below List Price

128 Days on Market

Highlights

  • Country Kitchen
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of September 2024

Completely Rehabbed Duplex Rental Property....great investment property to add to your rental portfolio. $716 monthly cash flow at projected combined rent of $1900/month(Could potentially be $2000). Cash flow does not include vacancy, maintenance, or PM fees. Professional Property Management is available.Each unit is 2 bedrooms and 1 bathroom. Security Cameras do not remain.

Last Agent to Sell the Property

Rebecca Olson

Listing Leaders Affiliated License #RB18001745 Listed on: 04/05/2024

Listing Leaders Affiliated

Last Buyer's Agent

Elisabeth Brannon

Listing Leaders License #RB20000817

Listing Leaders

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1953

Lot Details

  • 9,148 Sq Ft Lot
  • Back Yard Fenced

Interior Spaces

  • 725 Sq Ft Home
  • 1-Story Property
  • Country Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 45-08-10-455-016.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,100

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Co List Office Mls Id: NRA2191
  • Subdivision Name: none
  • Above Grade Finished Sq Ft: 725
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Financial Info Electric: 100 Amp Service
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Gas Oven, Free-Standing Refrigerator
  • Interior Amenities: Country Kitchen, Stone Counters
  • Flooring: Luxury Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: None
  • Fencing: Back Yard
  • Acres: 0.21
  • Patio And Porch Features: None

Garage/Parking

  • Parking Features: Alley Access, On Street

Utilities

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

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Parcel #: 45-08-10-455-016.000-004

Rental Info

  • Tenant Pays: All Utilities
  • Owner Pays: Taxes

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1100

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
Sep 16, 2024
Sold by
One Group Network Llc
Bought by
Curry Zion C
Seller's Agent
Rebecca Olson
Listing Leaders Affiliated
Buyer's Agent
Elisabeth Brannon
Listing Leaders
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%
Total Days on Market
128
Views
120
Current Estimated Value
$111,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,899
Avg. Annual Appreciation
-43.29%
Original Mortgage
$161,500
Outstanding Balance
$160,455
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
-$49,354

Purchase Details

Closed on
Oct 23, 2023
Sold by
Watkins Margie
Bought by
One Group Network Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2016
Sold by
Thomas Chelsea
Bought by
Wathen Marcie

Purchase Details

Closed on
Dec 4, 2007
Sold by
Watkins Tasha M and Thomas Chelsea
Bought by
Watkins Margie
Source: Public Records

Similar Homes in Gary, IN

  • 2020 Connecticut St, Gary, IN 46407

    $165,000

    • 4 Beds
    • 2 Baths
    • 2,000 Sq Ft
    • 2020 Connecticut St
    • Gary, IN

    NEWLY RENOVATED 2 UNIT LOCATED CLOSE TO MAJOR HIGHWAYS AND SHOPPING. RECENTLY ADDED A GARAGE. PROJECTED RENTS FOR THE 1/1 UPSTAIRS WOULD BE 850 AND THE 2/1 MAIN FLOOR WOULD B E 1050. WASHER/DRYER 2 OF EACH IN THE BASEMENT.

    Joseph Young Listing Leaders

    Section Image
  • 1325 Van Buren St, Gary, IN 46407

    $199,000

    • 4 Beds
    • 2 Baths
    • 1325 Van Buren St
    • Gary, IN

    Charming all-brick triplex with two fully renovated units ready for occupancy. Each unit boasts modern finishes, brand-new kitchens with updated cabinetry, stainless steel appliances, and gleaming countertops. All mechanical systems have been fully replaced, including plumbing, electrical, HVAC, and Central Air ensuring efficiency and peace of mind for years to come. The property combines classic

    Armond Boulware Coldwell Banker Realty

    Section Image
  • 667 Dekalb St, Gary, IN 46403

    $190,000

    • 4 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • 667 Dekalb St
    • Gary, IN

    TURNKEY DUPLEX! A real cash-cow at a 10 per-cent or more cap rate. Each unit has 2 bedrooms, an updated bathroom, newer carpet, newer flooring, newer light fixtures, recently painted, updated electric, updated plumbing and its own washer, dryer and kitchen appliances. Each unit is responsible for its own heat and electric and each unit has its own basement/storage area. The garage is a clean 2

    Sam Geraci INcoast Homes LLC

    Section Image
See All Homes in Gary

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $170,000 None Listed On Document
Warranty Deed $27,650 None Listed On Document
Quit Claim Deed $27,650 None Listed On Document
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $161,500 New Conventional
Previous Owner $103,000 New Conventional
Previous Owner $102,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2024 09/16/24 Sold $170,000 -2.8% $234 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/24/2024 07/24/24 Price Changed $174,900 -0.1% $241 / Sq Ft
07/18/2024 07/18/24 Price Changed $175,000 -2.7% $241 / Sq Ft
07/06/2024 07/06/24 For Sale $179,900 0.0% $248 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/09/2024 05/09/24 Price Changed $179,900 -2.7% $248 / Sq Ft
05/02/2024 05/02/24 For Sale $184,900 0.0% $255 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $184,900 -- $255 / 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 $3,544 $82,100 $10,700 $71,400
2023 $956 $40,200 $10,700 $29,500
2022 $956 $37,300 $7,000 $30,300
2021 $907 $35,400 $7,000 $28,400
2020 $881 $34,400 $7,000 $27,400
2019 $786 $32,400 $6,600 $25,800
2018 $868 $34,400 $7,000 $27,400
2017 $857 $34,800 $7,000 $27,800
2016 $874 $36,100 $7,000 $29,100
2014 $730 $31,200 $8,500 $22,700
2013 $1,076 $47,900 $8,500 $39,400
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Olson

    Seller's Agent in 2024

    Rebecca Olson

    Listing Leaders Affiliated

    (219) 384-7957

    12 in this area

    266 Total Sales

    Rebecca Olson
    Section Image
  • Elisabeth Brannon

    Buyer's Agent in 2024

    Elisabeth Brannon

    Listing Leaders

    (219) 512-5143

    1 in this area

    52 Total Sales

    Elisabeth Brannon
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 801748

Northwest Indiana Association of REALTORS®

APN: 45-08-10-455-016.000-004

Indiana Lake County Gary 46407 Midtown

2042-48 Rhode Island Ct, Gary, IN

This home is located at 2042-48 Rhode Island Ct, Gary, IN 46407 and is currently priced at $170,000, approximately $234 per square foot. This property was built in 1953. 2042-48 Rhode Island Ct 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.

Nearby Homes