$85,000
SOLD APR 1, 2025

2355 Rhode Island St Gary, IN 46407

Midtown Neighborhood
2 Beds
1 Bath
701 Sq Ft
4,879 Sq Ft Lot

Recently Sold

$121 Per Sq Ft

5% Below List Price

4 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • 3-minute walk to Ironwood Park
  • Living Room
  • Forced Air Heating System

About This Home

As of April 2025

Attention Investors. Cash Flowing turnkey property available. Bringing in $1150/month in rent. This home has been completely redone in the last 12-18 months....Don't miss this opportunity to add this to your rental portfolio!

Last Agent to Sell the Property

Rebecca Olson

Listing Leaders Affiliated License #RB18001745 Listed on: 01/25/2025

Listing Leaders Affiliated

Co-Listed By

Brian Stotmeister

Listing Leaders Affiliated License #RB23000474

Last Buyer's Agent

Rebecca Olson

Listing Leaders Affiliated License #RB18001745 Listed on: 01/25/2025

Listing Leaders Affiliated

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $625

Year Built

  • Built in 1948

Lot Details

  • 4,879 Sq Ft Lot
  • Lot Dimensions are 40x124

Interior Spaces

  • 701 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Ironwood A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450815252011000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$625

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1948
  • Co List Office Mls Id: NRA2191
  • Co List Office Phone: (219) 384-7957
  • Co List Office Mls Id: NRA2191
  • Subdivision Name: Ironwood A
  • Above Grade Finished Sq Ft: 701
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Financial Info Electric: 100 Amp Service
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Free-Standing Gas Oven, Free-Standing Refrigerator
  • Interior Amenities: Eat-in Kitchen
  • Flooring: Luxury Vinyl
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Acres: 0.112
  • Waterfront: No

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 40x124
  • Lot Size Sq Ft: 4879
  • Parcel #: 450815252011000004

Tax Info

  • Year: 2023
  • Tax Annual Amount: 625

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2025
Closed on
Mar 31, 2025
Sold by
Nwi Casas Llc
Bought by
Ramadoss Priya and Malayappan Chandar
Seller's Agent
Rebecca Olson
Listing Leaders Affiliated
Buyer's Agent
Rebecca Olson
Listing Leaders Affiliated
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.26%
Original Mortgage
$63,750
Outstanding Balance
$63,642
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$20,931

Purchase Details

Listed on
Nov 3, 2022
Closed on
Jan 2, 2023
Sold by
Munoz Rebeca
Bought by
Ayala Ernesto
Seller's Agent
Sherman Gilbert
Listing Leaders Northwest
Buyer's Agent
Timothy Grayson
Williams Executive Realty & As
List Price
$22,000
Sold Price
$10,000
Premium/Discount to List
-$12,000
-54.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
159.97%

Purchase Details

Closed on
Jul 15, 2019
Sold by
E F Real Estate Investments Llc
Bought by
Munoz Rebeca and Aguayo Elvia

Purchase Details

Closed on
Sep 13, 2018
Sold by
Williams Vanita and Dabney Tyrone
Bought by
Ef Real Estate Holdings Llc

Purchase Details

Closed on
Nov 16, 2010
Sold by
Williams Vanita
Bought by
Williams Vanita and Dabney Tyrone

Purchase Details

Closed on
Jul 26, 2010
Sold by
Sutton Kenneth
Bought by
Williams Vanita

Purchase Details

Closed on
Jun 5, 2009
Sold by
Harris Debra J
Bought by
Sutton Kenneth
Source: Public Records

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Range of Values:

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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 -- None Listed On Document
Warranty Deed $10,000 Chicago Title
Quit Claim Deed $43,000 None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $500 None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed $500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $63,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Sold $85,000 -5.5% $121 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
01/25/2025 01/25/25 For Sale $89,900 +130.5% $128 / Sq Ft
11/21/2023 11/21/23 Sold $39,000 -39.9% $56 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
07/30/2023 07/30/23 For Sale $64,900 +549.0% $93 / Sq Ft
01/06/2023 01/06/23 Sold $10,000 -54.5% $14 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
11/03/2022 11/03/22 For Sale $22,000 -- $31 / 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 $2,187 $40,900 $5,800 $35,100
2023 $625 $24,800 $5,800 $19,000
2022 $459 $17,900 $3,900 $14,000
2021 $438 $17,100 $3,900 $13,200
2020 $428 $16,700 $3,900 $12,800
2019 $307 $20,200 $3,600 $16,600
2018 $1,141 $24,100 $3,900 $20,200
2017 $253 $24,300 $3,900 $20,400
2016 $262 $25,300 $3,900 $21,400
2014 $273 $25,100 $4,700 $20,400
2013 $268 $25,200 $4,600 $20,600
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Olson

    Seller's Agent in 2025

    Rebecca Olson

    Listing Leaders Affiliated

    (219) 384-7957

    12 in this area

    268 Total Sales

    Rebecca Olson
    Section Image

  • B

    Seller Co-Listing Agent in 2025

    Brian Stotmeister

    Listing Leaders Affiliated

    (219) 613-1266

    1 in this area

    15 Total Sales

    Brian Stotmeister
    Section Image

  • T

    Seller's Agent in 2023

    Timothy Grayson

    Williams Executive Realty & As

    (219) 951-9444

    2 in this area

    6 Total Sales

    Timothy Grayson
    Section Image
  • Sherman Gilbert

    Seller's Agent in 2023

    Sherman Gilbert

    Listing Leaders Northwest

    (708) 574-6867

    Section Image

  • Y

    Buyer's Agent in 2023

    Yesenia Flores

    Absolute Realty Solutions LLC

    (219) 940-8998

    1 in this area

    14 Total Sales

    Yesenia Flores
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 815360

Northwest Indiana Association of REALTORS®

APN: 45-08-15-252-011.000-004

Indiana Lake County Gary 46407 Midtown

2355 Rhode Island St, Gary, IN

This home is located at 2355 Rhode Island St, Gary, IN 46407 and is currently priced at $85,000, approximately $121 per square foot. This property was built in 1948. 2355 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.

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