Seller's Agent in 2024
Xever Lemieux
Ellsbury Commercial Group LLC
(219) 384-7994
3 in this area
25 Total Sales
3807 Butternut St East Chicago, IN 46312
Indiana Harbor Neighborhood
--
Bed
4
Baths
1,752
Sq Ft
4,312
Sq Ft Lot
Highlights
- No HOA
- Heating System Uses Steam
- 2-minute walk to Callahan Park
- Tile Flooring
About This Home
As of December 2024This 4-plex offers two-bedroom, one-bath units, generating a current monthly income of $2,700 with one vacancy. It includes one month-to-month tenant, a lease expiring in May 2025, and another in September 2025. Tenants are responsible for gas and electric, while the owner covers water, sewer, and trash. Located in a desirable East Chicago neighborhood, this property is an excellent opportunity for investors looking to take advantage of strong rental demand.
Last Agent to Sell the Property
Ellsbury Commercial Group LLC License #RB22000768 Listed on: 10/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,440
Year Built
- Built in 1922
Interior Spaces
- 4 Full Bathrooms
- 1,752 Sq Ft Home
- 2-Story Property
- Laundry in Basement
- Oven
Flooring
- Carpet
- Tile
Schools
- East Chicago Central High School
Additional Features
- 4,312 Sq Ft Lot
- Heating System Uses Steam
Listing and Financial Details
- The owner pays for electricity, trash collection, taxes, sewer, insurance, gas
- Assessor Parcel Number 450322408003000024
Community Details
Overview
- No Home Owners Association
- 4 Units
- Indiana Harbor 2Nd Add Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 8, 2024
Closed on
Dec 19, 2024
Sold by
Gorham James
Bought by
Winful Rex
Seller's Agent
Xever Lemieux
Ellsbury Commercial Group LLC
Buyer's Agent
Anthony Gutierrez
Realty Executives Premier
List Price
$269,000
Sold Price
$259,000
Premium/Discount to List
-$10,000
-3.72%
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,000
Avg. Annual Appreciation
6.57%
Original Mortgage
$233,100
Outstanding Balance
$231,263
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$40,737
Purchase Details
Closed on
Sep 11, 2019
Sold by
Ace Nwi Llc
Bought by
Gorham James Nathaniel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.6%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $259,000 | Chicago Title Insurance Compan | |
| Warranty Deed | -- | Indiana Title Network Co | |
| Warranty Deed | -- | Indiana Title Network Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $233,100 | New Conventional | |
| Previous Owner | $140,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $259,000 | 0.0% | $148 / Sq Ft |
| 11/17/2024 11/17/24 | Pending | -- | -- | -- |
| 11/12/2024 11/12/24 | Price Changed | $259,000 | -3.7% | $148 / Sq Ft |
| 11/04/2024 11/04/24 | For Sale | $269,000 | 0.0% | $154 / Sq Ft |
| 10/20/2024 10/20/24 | Pending | -- | -- | -- |
| 10/16/2024 10/16/24 | For Sale | $269,000 | 0.0% | $154 / Sq Ft |
| 10/13/2024 10/13/24 | Pending | -- | -- | -- |
| 10/08/2024 10/08/24 | For Sale | $269,000 | -- | $154 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
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 | $8,209 | $176,500 | $16,900 | $159,600 |
| 2023 | $3,440 | $172,000 | $16,900 | $155,100 |
| 2022 | $3,402 | $170,100 | $16,900 | $153,200 |
| 2021 | $3,606 | $180,300 | $16,900 | $163,400 |
| 2020 | $3,464 | $173,200 | $16,900 | $156,300 |
| 2019 | $1,968 | $84,000 | $16,900 | $67,100 |
| 2018 | $2,014 | $80,900 | $16,900 | $64,000 |
| 2017 | $2,016 | $79,100 | $16,900 | $62,200 |
| 2016 | $2,019 | $76,500 | $16,900 | $59,600 |
| 2014 | $1,599 | $62,600 | $6,300 | $56,300 |
| 2013 | $1,632 | $64,000 | $6,300 | $57,700 |
Source: Public Records
Agents Affiliated with this Home
-
Xever Lemieux
-
Andrew Page
A
Seller Co-Listing Agent in 2024
Andrew Page
Ellsbury Commercial Group LLC
(630) 251-4246
1 in this area
8 Total Sales
-
Anthony Gutierrez
Buyer's Agent in 2024
Anthony Gutierrez
Realty Executives
(219) 670-5930
1 in this area
86 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 811384
APN: 45-03-22-408-003.000-024
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.
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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