NOT LISTED FOR SALE

254 Locust St Hammond, IN 46324

Estimated Value: $251,822 - $347,000

4 Beds
4 Baths
2,574 Sq Ft
$116/Sq Ft Est. Value

Last Sold June 19, 2019

Last sale price $145,000 $56 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $2,145/month

48 Days on Market

About This Home

As of June 2019

Location! Location! Location! Solid brick four unit value add opportunity. With a location off of busy Hohman Avenue between downtown Hammond, Munster shopping district, Purdue University Northwest, Chicago and interstates, this property is a prime real estate investment for any investor and a proud addition to any investment portfolio. Value add opportunity with full basement and washer/dryer hookup for coin laundry and storage options for tenants. Current rents are below market but each tenant is on month to month lease, providing opportunity for immediate rental increase. Other features include, off-street parking, balcony, tenant paid electrical and gas. Each unit features one bedroom, bathroom, eat in kitchen, hardwood floors and living room. A solid property and investment.

Last Agent to Sell the Property

Geoffrey Cardwell

McColly Real Estate License #RB17002059 Listed on: 04/02/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,846

Home Design

  • 2,574 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Open Parking Spaces
  • Driveway
  • Off-Street Parking

Additional Features

  • Balcony
  • 5,846 Sq Ft Lot

Community Details

  • 4 Units
  • Oak Park Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450612179012000023

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1927
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Balcony
  • Co List Office Mls Id: GNR102
  • Subdivision Name: Oak Park Add
  • GNR_TotalBathrooms: 4
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_ParkingSurface: Concrete
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.1342

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Off Street

Lot Info

  • Lot Size Sq Ft: 5846
  • Parcel #: 450612179012000023

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5335

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2019
Closed on
Jun 19, 2019
Sold by
Klisser Joyce S and Walsh Janet E
Bought by
Rock Paul J
Seller's Agent
Geoffrey Cardwell
McColly Real Estate
List Price
$145,000
Sold Price
$145,000
Current Estimated Value
$297,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,941
Avg. Annual Appreciation
12.13%
Original Mortgage
$102,000
Outstanding Balance
$89,683
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$208,258

Purchase Details

Closed on
Jun 8, 2007
Sold by
Klisser Joyce and Thomas E Gilboe Trust Of 2000
Bought by
Klisser Joyce S and Walsh Janet E
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
Rock Paul J -- Community Title Company
Klisser Joyce S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rock Paul J $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2019 06/19/19 Sold $145,000 0.0% $56 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $145,000 -- $56 / 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 $6,792 $175,200 $22,400 $152,800
2023 $3,797 $142,100 $22,400 $119,700
2022 $3,797 $141,700 $21,500 $120,200
2021 $4,055 $149,600 $21,500 $128,100
2020 $4,084 $149,600 $21,500 $128,100
2019 $5,068 $149,600 $21,500 $128,100
2018 $4,821 $145,600 $21,500 $124,100
2017 $5,335 $141,400 $21,500 $119,900
2016 $4,063 $122,300 $21,500 $100,800
2014 $3,878 $123,800 $21,900 $101,900
2013 $3,626 $122,300 $21,900 $100,400
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Geoffrey Cardwell

    McColly Real Estate

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR452251

Northwest Indiana Association of REALTORS®

APN: 45-06-12-179-012.000-023

Indiana Lake County Hammond 46324

254 Locust St, Hammond, IN

This home is located at 254 Locust St, Hammond, IN 46324 since 02 April 2019 and is currently estimated at $297,941, approximately $115 per square foot. This property was built in 1927. 254 Locust St is a home located in Lake County with nearby schools including Kenwood Elementary School, Eggers Middle School, and Hammond High School.

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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