NOT LISTED FOR SALE

237 Highland St Hammond, IN 46320

44 Beds
44 Baths
24,281 Sq Ft
8,276 Sq Ft Lot

Last Sold January 15, 2014

Last sale price $1,100,000 $45 Per Sq Ft

244 Days on Market

Highlights

  • Intercom
  • Enhanced Accessible Features
  • Laundry Facilities
  • Home Security System

About This Home

As of January 2014

Great investment opportunity: Historical Art Deco Landmark building with 44 unique studio units that each include a kitchen and full bath. (MLS bathroom field only goes to 25, there are 44) Gorgeous entry in light filled atrium lobby. Coin/op laundry available. This property offers the investor an opportunity to acquire a large complex with strong occupancy and generate a high cash return. Location offers easy access to major expressway and trains thru NW Indiana and Chicagoland.

Last Agent to Sell the Property

Derdika Kljajic

Listing Leaders License #RB14051889 Listed on: 04/11/2013

Co-Listed By

Janice Minton-Kutz

Coldwell Banker Realty License #RB14051448

Last Buyer's Agent

Non-Member Agent

Non-Member MLS Office

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1927

Lot Details

  • 8,276

Home Design

  • 24,281 Sq Ft Home
  • Brick Foundation
  • Stone

Bedrooms and Bathrooms

  • 44 Bedrooms
  • 44 Full Bathrooms

Home Security

  • Home Security System
  • Intercom

Accessible Home Design

  • Enhanced Accessible Features
  • Accessibility Features

Listing and Financial Details

  • Total Actual Rent $2,536,800
  • Rent includes water, trash collection
  • Assessor Parcel Number 450601177019000023

Community Details

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $6,972
  • Maintenance Expense $1,238
  • Trash Expense $2,019
  • New Taxes Expense $23,449
  • Gross Income $2,400
  • Net Operating Income $151,416

Property Details

Home Type

Condominium

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1927
  • Reso Property Sub Type: Apartment
  • ResoLaundryFeatures: Common Area
  • ResoOtherEquipment: Intercom
  • ResoSecurityFeatures: Security System
  • Income And Expenses Maintenance Expense: 1238
  • Professional Management Expense: 10243
  • Co List Office Mls Id: NRA166
  • Co List Office Phone: (219) 865-9911
  • Co List Office Mls Id: NRA1690
  • Subdivision Name: N/A
  • Reso Accessibility Features: Enhanced Accessible
  • Reso Other Structures: Shed(s)
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AccessibilityFeaturesYN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Elevator
  • Basement YN: No
  • Full Bathrooms: 44
  • Total Bedrooms: 44
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.19
  • Construction Type: Brick, Stone

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Sewer Available
  • Heating: Common, Other
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Other, Water, Trash Collection

Fee Information

  • Trash Expense: 2019

Schools

  • Junior High Dist: Hammond

Lot Info

  • Lot Dimensions: .19 ac
  • Lot Size Sq Ft: 8276
  • ResoLotSizeUnits: Acres
  • Parcel #: 450601177019000023
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 2400
  • Insurance Expense: 6972
  • Total Actual Rent: 2536800

Tax Info

  • New Taxes Expense: 23449

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2014 01/15/14 Sold $1,100,000 0.0% $45 / Sq Ft
12/16/2013 12/16/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $1,100,000 -- $45 / 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
2025 $62,846 $2,310,100 $104,200 $2,205,900
2024 $107,825 $2,351,100 $104,200 $2,246,900
2023 $25,694 $2,255,900 $104,200 $2,151,700
2022 $25,694 $958,800 $24,900 $933,900
2021 $24,389 $899,800 $24,900 $874,900
2020 $28,267 $1,035,500 $24,900 $1,010,600
2019 $29,720 $1,035,500 $24,900 $1,010,600
2018 $31,384 $1,114,400 $24,900 $1,089,500
2017 $38,917 $1,094,100 $24,900 $1,069,200
2016 $33,542 $1,093,800 $24,900 $1,068,900
2014 $35,176 $1,122,900 $24,900 $1,098,000
2013 $32,778 $1,105,500 $24,900 $1,080,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Derdika Kljajic

    Listing Leaders

  • J

    Seller Co-Listing Agent in 2014

    Janice Minton-Kutz

    Coldwell Banker Realty

    Section Image

  • N

    Buyer's Agent in 2014

    Non-Member Agent

    Non-Member MLS Office

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 326107

Northwest Indiana Association of REALTORS®
Indiana Lake County Hammond 46320

237 Highland St, Hammond, IN

Not Listed for Sale

Condos

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