NOT LISTED FOR SALE

3329 Michigan St New Chicago, IN 46342

Estimated Value: $194,000 - $221,000

-- Bed
4 Baths
2,825 Sq Ft
$73/Sq Ft Est. Value

Last Sold June 16, 2017

Last sale price $99,000 $35 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,536/month

34 Days on Market

About This Home

As of June 2017

4 unit On Michigan St. One 3 bedroom unit, one 2 bedroom and two 1 bedroom units. Two long term tenants, 22 and 24 years!

Last Agent to Sell the Property

Frank Ennis

McColly Real Estate License #RB14022177 Listed on: 05/10/2017

McColly Real Estate

Last Buyer's Agent

Jose Elizondo

Key Realty Indiana, LLC License #RB17000351

Key Realty Indiana, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,881

Year Built

  • Built in 1947

Lot Details

  • 9,374 Sq Ft Lot
  • Lot Dimensions are 75' x 125'

Parking

  • Detached Garage

Interior Spaces

  • 4 Full Bathrooms
  • 2,825 Sq Ft Home
  • Elevator
  • Basement

Utilities

  • Satellite Dish

Listing and Financial Details

  • Total Actual Rent $19,980
  • The owner pays for electricity, sewer, water
  • Rent includes electricity, gas, water
  • Assessor Parcel Number 450919327001000022

Community Details

Overview

  • 4 Units
  • 4Th Add New Chicago Subdivision

Building Details

  • Insurance Expense $1,267
  • Water Sewer Expense $1,860
  • New Taxes Expense $2,143
  • Net Operating Income $11,410

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,881

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1947
  • Reso Property Sub Type: Quadruplex
  • ResoOtherEquipment: Satellite Dish
  • Co List Office Mls Id: NRA565
  • Subdivision Name: 4th Add New Chicago
  • Garage Yn: Yes
  • WaterExpense: 1860.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None, Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement YN: Yes
  • Full Bathrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.2152
  • Construction Type: Other

Garage/Parking

  • Parking Features: Detached

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Gas, Other, Water

Schools

  • Junior High Dist: River Forest

Lot Info

  • Lot Dimensions: 75' x 125'
  • Lot Size Sq Ft: 9374
  • Parcel #: 450919327001000022

Rental Info

  • Owner Pays: Electricity, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 1267
  • Total Actual Rent: 19980

Tax Info

  • New Taxes Expense: 2143

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 Buyer Sale Price Title Company
Chazz Enterprises -- None Listed On Document
Chazz Enterprises -- None Listed On Document
Chazz Enterprises Llc -- Community Title Co
Hart Ted R -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2017 06/16/17 Sold $99,000 0.0% $35 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $99,000 -- $35 / 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 $4,881 $147,700 $15,500 $132,200
2023 $3,613 $113,500 $15,500 $98,000
2022 $3,605 $113,000 $15,500 $97,500
2021 $3,359 $105,300 $15,500 $89,800
2020 $3,146 $101,800 $15,500 $86,300
2019 $3,261 $99,700 $15,500 $84,200
2018 $3,106 $95,700 $15,500 $80,200
2017 $2,111 $62,200 $12,100 $50,100
2016 $2,143 $62,400 $12,100 $50,300
2014 $1,816 $63,100 $12,100 $51,000
2013 $1,792 $61,700 $12,100 $49,600
Source: Public Records

Agents Affiliated with this Home

  • Frank Ennis

    Seller's Agent in 2017

    Frank Ennis

    McColly Real Estate

    (219) 730-6680

    11 in this area

    127 Total Sales

    Frank Ennis
    Section Image
  • Jose Elizondo

    Buyer's Agent in 2017

    Jose Elizondo

    Key Realty Indiana, LLC

    (219) 616-1587

    4 in this area

    68 Total Sales

    Jose Elizondo
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 414204

Northwest Indiana Association of REALTORS®

APN: 45-09-19-327-001.000-022

Indiana Lake County New Chicago 46342

3329 Michigan St, New Chicago, IN

This home is located at 3329 Michigan St, New Chicago, IN 46342 since 10 May 2017 and is currently estimated at $207,500, approximately $73 per square foot. This property was built in 1947. 3329 Michigan St is a home located in Lake County with nearby schools including River Forest Jr-Sr High School and Hobart Baptist 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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