$552,000
UNDER CONTRACT

2923 W 61st Place Merrillville, IN 46410

North Merrillville Neighborhood

Estimated payment $3,200/month

Total Views 250
9 Beds
4 Baths
4,100 Sq Ft
$135 Price per Sq Ft

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • 4 Car Garage

About This Home

This rental property in Merrillville offers four residential units in the high demand rental market of Merrillville. This property is ideal for an investor seeking great cash flow with low maintenance needs & upside for rent increases.

Listing Agent

Andrew Page

Ellsbury Commercial Group LLC License #RB24000716 Listed on: 08/18/2025

Co-Listing Agent

Xever Lemieux

Ellsbury Commercial Group LLC License #RB22000768

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,315

Year Built

  • Built in 1972

Parking

  • 4 Car Garage

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 451208102006000030

Community Details

Overview

  • 4 Units
  • Bon Aire Sub Subdivision

Building Details

  • Operating Expense $12,852
  • Gross Income $64,680

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,315

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Year Built: 1972
  • Reso Property Sub Type: Apartment
  • ResoLaundryFeatures: Main Level
  • ResoLotFeatures: Other
  • Co List Office Mls Id: NRA2314
  • Co List Office Phone: (219) 200-5133
  • Co List Office Mls Id: NRA2314
  • Subdivision Name: Bon Aire Sub
  • Above Grade Finished Sq Ft: 4100
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • AuctionYN: No
  • Special Features: UnderContract
  • Property Sub Type: Condos

Interior Features

  • Appliances: Other
  • Interior Amenities: Other
  • Full Bathrooms: 4
  • Total Bedrooms: 9

Exterior Features

  • Exterior Features: Balcony, Other
  • Acres: 0.466
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: See Remarks

Lot Info

  • Lot Size Sq Ft: 20299
  • Parcel #: 451208102006000030

Rental Info

  • Pets Allowed: Call
  • Tenant Pays: Electricity, Gas, See Remarks
  • Owner Pays: See Remarks

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2315

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 64680
  • Annual Operating Expense: 12852

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $5,752 $248,900 $47,100 $201,800
2023 $2,110 $245,500 $45,700 $199,800
2022 $2,110 $211,000 $38,100 $172,900
2021 $1,917 $191,700 $37,300 $154,400
2020 $1,902 $190,400 $34,900 $155,500
2019 $2,251 $190,400 $34,200 $156,200
2018 $2,332 $190,400 $34,200 $156,200
2017 $2,443 $190,400 $34,200 $156,200
2016 $2,125 $189,800 $33,000 $156,800
2014 $2,059 $198,700 $33,600 $165,100
2013 $2,157 $199,400 $36,100 $163,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 For Sale $552,000 -- $135 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed $147,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $453,513 New Conventional
Closed $450,000 New Conventional
Source: Public Records

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Source: Northwest Indiana Association of REALTORS®

MLS Number: 826231

Northwest Indiana Association of REALTORS®

APN: 45-12-08-102-006.000-030

Indiana Lake County Merrillville 46410 North Merrillville

2923 W 61st Place, Merrillville, IN

This home is located at 2923 W 61st Place, Merrillville, IN 46410 and is currently priced at $552,000, approximately $134 per square foot. This property was built in 1972. 2923 W 61st Place is a home located in Lake County with nearby schools including Edgar L Miller Elementary School, Merrillville Intermediate School, and Pierce Middle 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.

Nearby Homes
Listing Agent
Andrew Page
Section Image
Ellsbury Commercial Group LLC
(219) 533-7636