NOT LISTED FOR SALE

3729 Michigan Ave Hammond, IN 46323

Indiana Harbor Neighborhood

Estimated Value: $153,000 - $211,468

3 Beds
1.5 Baths
3,000 Sq Ft
$63/Sq Ft Est. Value

Last Sold September 30, 2023

Last sale price $140,000 $47 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,175/month

30 Days on Market

About This Home

As of September 2023

ATTENTION INVESTORS! This beautiful red brick commercial building with a 3 bedroom apartment above gives you double the opportunity for income! The bottom can be used as a rental hall, yoga, dance studio or possibly another apartment. You name it, just verify any interested use with the city. It has a large basement for storage and a large, fenced corner lot. Close location to the new casino, highways and the IN/IL border. Only 24 miles from Chicago but with low Indiana taxes! It is a great Investment opportunity for a dual income or to live above your business. Previous income for both units was $5,500 a month! The owner has nearly just completed almost $35,000 worth of updates in the property, so come bring your imagination with your finishing touches and see your dreams of owning a business or becoming a landlord (or both) come to life! Multi-unit property is already separated with 2 addresses and can be zoned as a multi unit verbally from the city with a variance.

Last Agent to Sell the Property

Christina Steele

Atlas Real Estate Associates, Brokerage Phone: 574-209-1010 License #RB14050545 Listed on: 08/31/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,238

Year Built

  • Built in 1922

Lot Details

  • 0.33 Acre Lot

Home Design

  • 3,000 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms

Community Details

  • Indiana Harbor Subdivision
  • Fenced around community

Listing and Financial Details

  • Assessor Parcel Number 450321426008000024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,238

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1922
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Fenced Yard
  • Co List Office Mls Id: GNR2202
  • Subdivision Name: Indiana Harbor
  • GNR_TotalBathrooms: 0
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_RealEstateOwnedYN: false
  • GNR_ShortSaleYN: false
  • Attribution Contact: 574-209-1010
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Acres: 0.3333

Garage/Parking

  • Parking Features: None

Lot Info

  • Lot Size Sq Ft: 14520
  • Parcel #: 450321426008000024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Sep 25, 2023
Sold by
Dedovic Boban
Bought by
Servin Ignacio
Seller's Agent
Christina Steele
Atlas Real Estate Associates,
List Price
$155,000
Sold Price
$140,000
Premium/Discount to List
-$15,000
-9.68%
Views
96
Current Estimated Value
$188,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,489
Avg. Annual Appreciation
15.37%

Purchase Details

Listed on
Aug 31, 2023
Closed on
Sep 21, 2023
Sold by
Dedovic Boban
Bought by
Servin Ignacio
Seller's Agent
Christina Steele
Atlas Real Estate Associates,
List Price
$155,000
Sold Price
$140,000
Premium/Discount to List
-$15,000
-9.68%
Views
96

Purchase Details

Closed on
Feb 17, 2021
Sold by
La Iglesia De Dios Inc
Bought by
Dedovic Boban
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
Servin Ignacio $140,000 None Listed On Document
Servin Ignacio -- None Listed On Document
Dedovic Boban -- Meridian Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2023 09/30/23 Sold $140,000 -9.7% $47 / Sq Ft
08/31/2023 08/31/23 For Sale $155,000 -- $52 / 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 $6,238 $143,200 $34,800 $108,400
2023 $2,498 $130,700 $34,800 $95,900
2022 $2,498 $124,900 $60,500 $64,400
2021 $2,498 $64,200 $14,800 $49,400
2020 $0 $59,600 $14,800 $44,800
2019 $0 $54,200 $14,800 $39,400
2018 $0 $49,900 $14,800 $35,100
2017 $0 $50,600 $14,800 $35,800
2016 $0 $49,000 $14,800 $34,200
2014 -- $40,900 $12,000 $28,900
2013 -- $40,600 $12,000 $28,600
Source: Public Records

Agents Affiliated with this Home

  • Christina Steele

    Seller's Agent in 2023

    Christina Steele

    Atlas Real Estate Associates,

    (574) 209-1010

    2 in this area

    86 Total Sales

    Christina Steele
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR537730

Northwest Indiana Association of REALTORS®

APN: 45-03-21-426-008.000-024

Indiana Lake County Hammond 46312 Indiana Harbor

3729 Michigan Ave, Hammond, IN

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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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