3620 W 73rd Ct Merrillville, IN 46410
West Merrillville NeighborhoodEstimated payment $3,198/month
About This Home
Investment Opportunity! This 4-unit apartment building in the high demand town of Merrillville, IN is the investment opportunity you've been looking for. Each unit is occupied, and the property has a strong annual operating income. 3 apartments have 2 large bedrooms & 1 bathroom. 1 unit has 1 bedroom and a bathroom. All have been updated over the years. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Tenants pay for their own gas and electricity, while the landlord only pays for sewer, water, and trash.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,001
Year Built
- Built in 1971
Interior Spaces
- 3,306 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- Forced Air Heating System
Listing and Financial Details
- The owner pays for common area maintenance, water, trash collection, taxes, snow removal, sewer, roof maintenance, repairs, pest control, management, janitorial service, insurance, HVAC maintenance, grounds care, exterior maintenance
- Assessor Parcel Number 451218402008000030
Community Details
Overview
- 4 Units
- Southbrook #1 Subdivision
Building Details
- Gross Income $54,900
- Net Operating Income $35,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,283 | $405,100 | $79,900 | $325,200 |
| 2023 | $4,364 | $396,200 | $79,900 | $316,300 |
| 2022 | $4,364 | $218,200 | $79,900 | $138,300 |
| 2021 | $4,074 | $203,700 | $79,900 | $123,800 |
| 2020 | $3,728 | $186,400 | $51,000 | $135,400 |
| 2019 | $4,533 | $183,300 | $51,000 | $132,300 |
| 2018 | $4,683 | $178,000 | $51,000 | $127,000 |
| 2017 | $4,587 | $173,900 | $46,900 | $127,000 |
| 2016 | $4,359 | $169,900 | $46,900 | $123,000 |
| 2014 | $3,808 | $179,200 | $46,900 | $132,300 |
| 2013 | $3,737 | $168,700 | $46,900 | $121,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/08/2025 10/08/25 | For Sale | $460,000 | +54989.8% | $139 / Sq Ft | |
| 03/15/2019 03/15/19 | Sold | $835 | 0.0% | $1 / Sq Ft | View Prior Sale |
| 03/14/2019 03/14/19 | Pending | -- | -- | -- | |
| 03/03/2019 03/03/19 | For Sale | $835 | -- | $1 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | Chicago Title | |
| Corporate Deed | -- | Chicago Title Insurance Co | |
| Limited Warranty Deed | -- | None Available | |
| Special Warranty Deed | $113,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Sheriffs Deed | $165,000 | None Available | |
| Sheriffs Deed | $165,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $340,000 | New Conventional | |
| Previous Owner | $227,260 | VA |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 829034
APN: 45-12-18-402-008.000-030
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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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