NOT LISTED FOR SALE

3522 E 9th Ave Gary, IN 46403

Aetna Neighborhood

Estimated Value: $139,000 - $162,000

33 Beds
13 Baths
36,917 Sq Ft
$4/Sq Ft Est. Value

Last Sold March 12, 2019

Last sale price $295,118 $8 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $970/month

66 Days on Market

Highlights

  • 1.02 Acre Lot
  • Deck
  • Patio

About This Home

As of March 2019

INVESTORS TAKE NOTE! Priced to sell = do the math youll see the cost per door is not only set to immediately cash flow but there is room for rent increases if wanted but no need at this pricing since (conservatively speaking even) is pulling 15-17% ROI cap rate. MULTI unit packages available and a BULK package discounts available. ASK AN AGENT for details and the online available INCOME & EXPENSES! Serious buyers encouraged and all on site inspections will take place once terms are agreed with access to ALL units at one time (an additional prior photo tour is avail once your agent registers you): 13Unit 3522-3624 E 9th 360k / 4Unit 803 E Chicago 119k / 5Unit 625 Sibley 163k + 1 FULL PACKAGE DEEPLY DISCOUNTED FOR ALL is discounted $30,000 Per door. P&L includes ALL units being professionally Managed & Maintained locally by owner but time with other ventures no longer allows. THIS PACKAGE CONSISTS OF 6.5 BUILDINGS 13 UNITS (2 BUILDINGS ARE VACANT IN NEED OF REHAB) Agents see MLS LISTS.

Last Agent to Sell the Property

John Schupp

SCHUPP Real Estate License #RB14033846 Listed on: 12/05/2018

Last Buyer's Agent

Panagiota Papadatos

Penny P Properties, LLC License #RB14047437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,220

Year Built

  • Built in 1953

Lot Details

  • 1.02 Acre Lot

Parking

  • Off-Street Parking

Interior Spaces

  • 36,917 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 33 Bedrooms
  • 13 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Listing and Financial Details

  • Total Actual Rent $76,080
  • Assessor Parcel Number 450812126003000004

Community Details

Overview

  • 13 Units
  • Aetna Securities Subdivision

Building Details

  • Insurance Expense $3,000
  • New Taxes Expense $7,160
  • Net Operating Income $57,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,220

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Co List Office Mls Id: NRA1120
  • Subdivision Name: AETNA SECURITIES
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 13
  • Total Bedrooms: 33
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 1.02
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Utilities: Cable Available, Sewer Available
  • Water Source: Public

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 51 X 150 each, acreage is for all 9units
  • Lot Size Sq Ft: 44431
  • ResoLotSizeUnits: Acres
  • Parcel #: 450812126003000004
  • ResoLotSizeUnits: Acres

Rental Info

  • LeaseType: Net

Multi Family

  • Number Of Units Total: 13
  • Insurance Expense: 3000
  • Total Actual Rent: 76080

Tax Info

  • New Taxes Expense: 7160

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2024
Sold by
Dlnt Properties Llc
Bought by
Fresh Start Property Solutions Llc
Current Estimated Value
$153,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$118,799
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$34,534

Purchase Details

Closed on
May 9, 2022
Sold by
Dumisani Nlebgwa
Bought by
Dlnt Properties Llc

Purchase Details

Closed on
May 5, 2022
Sold by
Dumisani Nlebgwa
Bought by
Dlnt Properties Llc

Purchase Details

Closed on
May 2, 2022
Sold by
Nlebgwa Dumisani
Bought by
Dlnt Properties Llc

Purchase Details

Closed on
Jun 23, 2020
Sold by
Olson Group Network Llc
Bought by
Niebgwa Dumisani

Purchase Details

Closed on
May 21, 2019
Sold by
It S Gary S Time Inc
Bought by
Olson Group Network Llc

Purchase Details

Listed on
Dec 5, 2018
Closed on
Mar 12, 2019
Sold by
Dw Rentals Llc
Bought by
It S Gary S Time Inc
Seller's Agent
John Schupp
SCHUPP Real Estate
Buyer's Agent
Panagiota Papadatos
Penny P Properties, LLC
List Price
$295,118
Sold Price
$295,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.55%

Purchase Details

Closed on
Oct 9, 2008
Sold by
Alfred Financial Llc
Bought by
Belstav Development Inc
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
Fresh Start Property Solutions Llc $150,000 Chicago Title Insurance Compan
Dlnt Properties Llc -- New Title Company Name
Dlnt Properties Llc -- New Title Company Name
Dlnt Properties Llc -- New Title Company Name
Niebgwa Dumisani -- None Available
Olson Group Network Llc -- Indiana Title Network Co
It S Gary S Time Inc -- None Available
Belstav Development Inc -- Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fresh Start Property Solutions Llc $120,000
Previous Owner Olson Group Network Llc $59,000
Previous Owner Alfred Financial Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2019 03/12/19 Sold $295,118 0.0% $8 / Sq Ft
02/10/2019 02/10/19 Pending -- -- --
12/05/2018 12/05/18 For Sale $295,118 -- $8 / 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 $5,220 $56,000 $8,900 $47,100
2023 $1,493 $59,200 $8,900 $50,300
2022 $817 $31,900 $5,600 $26,300
2021 $779 $30,400 $5,600 $24,800
2020 $1,145 $44,700 $5,600 $39,100
2019 $934 $43,700 $5,500 $38,200
2018 $987 $43,700 $5,500 $38,200
2017 $1,018 $44,300 $5,500 $38,800
2016 $1,043 $46,100 $5,500 $40,600
2014 $1,278 $54,600 $6,600 $48,000
2013 $1,284 $58,400 $6,600 $51,800
Source: Public Records

Agents Affiliated with this Home

  • John Schupp

    Seller's Agent in 2019

    John Schupp

    SCHUPP Real Estate

    (219) 775-2373

    1 in this area

    324 Total Sales

    John Schupp
    Section Image
  • Panagiota Papadatos

    Buyer's Agent in 2019

    Panagiota Papadatos

    Penny P Properties, LLC

    (219) 627-1800

    1 in this area

    39 Total Sales

    Panagiota Papadatos
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 446900

Northwest Indiana Association of REALTORS®

APN: 45-08-12-126-003.000-004

Indiana Lake County Gary 46402 Aetna

3522 E 9th Ave, Gary, IN

This home is located at 3522 E 9th Ave, Gary, IN 46403 since 05 December 2018 and is currently estimated at $153,333, approximately $4 per square foot. This property was built in 1953. 3522 E 9th Ave is a home located in Lake County with nearby schools including Banneker Elementary at Marquette, 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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