NOT LISTED FOR SALE

3612 Michigan St Hobart, IN 46342

Estimated Value: $131,000 - $174,228

4 Beds
2 Baths
1,890 Sq Ft
$84/Sq Ft Est. Value

Last Sold September 04, 2018

Last sale price $65,000 $34 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $1,196/month

1 Day on Market

Highlights

  • Balcony
  • Forced Air Heating System
  • Carpet

About This Home

As of September 2018

Fully Rented 2-unit!! Positive Cash Flow w/ $1,240 a month Ready For You!!! The Upstairs unit bonus room could be used as a 3rd bedroom.

Last Agent to Sell the Property

Mitchell Gass

Home Connection Realty, Inc. License #RB14013295 Listed on: 09/03/2018

Last Buyer's Agent

Non-Member Agent

Non-Member MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,253

Year Built

  • Built in 1911

Lot Details

  • 6,625 Sq Ft Lot
  • Lot Dimensions are 53 x 125

Parking

  • 4 Parking Spaces

Home Design

  • Brick Foundation

Interior Spaces

  • 1,890 Sq Ft Home
  • Elevator
  • Carpet
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $14,880
  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Rent includes water, trash collection
  • Assessor Parcel Number 450919357027000022

Community Details

Overview

  • 2 Units
  • Matthais Add Subdivision

Building Details

  • Insurance Expense $1,000
  • Trash Expense $334
  • Water Sewer Expense $334
  • New Taxes Expense $2,274
  • Net Operating Income $10,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,253

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1911
  • Reso Property Sub Type: Duplex
  • Co List Office Mls Id: NRA491
  • Subdivision Name: Matthais Add
  • WaterExpense: 334.00
  • SewerExpense: 334.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Elevator
  • Basement: Full
  • Flooring: Carpet
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Balcony
  • Acres: 0.1521
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 4

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Electricity Available
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Other, Water, Trash Collection

Fee Information

  • Trash Expense: 334

Lot Info

  • Lot Dimensions: 53 x 125
  • Lot Size Sq Ft: 6625
  • Parcel #: 450919357027000022

Rental Info

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

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Total Actual Rent: 14880

Tax Info

  • New Taxes Expense: 2274

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2023
Sold by
Rodriguez David
Bought by
Roc Realty
Current Estimated Value
$158,807

Purchase Details

Listed on
Sep 3, 2018
Closed on
Aug 31, 2018
Sold by
Cortina Michael R
Bought by
Rodriguez David
Seller's Agent
Mitchell Gass
Home Connection Realty, Inc.
Buyer's Agent
Non-Member Agent
Non-Member MLS Office
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.45%
Original Mortgage
$48,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2006
Sold by
Weber Donna J
Bought by
Cortina Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,150
Interest Rate
6.62%
Mortgage Type
Fannie Mae Freddie Mac
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
Roc Realty -- None Listed On Document
Rodriguez David -- Meridian Title Corp
Cortina Michael R -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez David $48,750
Previous Owner Cortina Michael R $35,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2018 09/04/18 Sold $65,000 0.0% $34 / Sq Ft
09/03/2018 09/03/18 For Sale $65,000 -- $34 / 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 $4,253 $110,400 $18,300 $92,100
2023 $2,912 $98,900 $18,200 $80,700
2022 $2,912 $91,300 $12,500 $78,800
2021 $2,664 $83,500 $10,400 $73,100
2020 $2,472 $80,000 $10,400 $69,600
2019 $2,372 $75,300 $10,400 $64,900
2018 $2,258 $72,400 $10,400 $62,000
2017 $2,274 $71,800 $10,400 $61,400
2016 $2,276 $70,900 $10,400 $60,500
2014 $1,678 $58,300 $10,400 $47,900
2013 $1,708 $58,800 $10,400 $48,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mitchell Gass

    Home Connection Realty, Inc.

    Section Image

  • N

    Buyer's Agent in 2018

    Non-Member Agent

    Non-Member MLS Office

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 442079

Northwest Indiana Association of REALTORS®

APN: 45-09-19-357-027.000-022

Indiana Lake County Hobart 46342

3612 Michigan St, Hobart, IN

This home is located at 3612 Michigan St, Hobart, IN 46342 since 03 September 2018 and is currently estimated at $158,807, approximately $84 per square foot. This property was built in 1911. 3612 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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