$260,000
SOLD JAN 16, 2025
3 Beds
2 Baths
1,800 Sq Ft
4,304 Sq Ft Lot

Recently Sold

$144 Per Sq Ft

2% Below List Price

5 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Vinyl Flooring
  • 4-minute walk to Callahan Park

About This Home

As of January 2025

This renovated and pristine 2-unit property in East Chicago is a rare gem for investors or homeowners seeking steady, long-term cash flow. Conveniently located near Cline Avenue, I-80/94, and the Indiana Toll Road, the property provides easy access to Chicago and the surrounding Northwest Indiana area. The main level features two spacious bedrooms, one full bath, a versatile den, and a cozy office nook off the kitchen, offering ample living space and functionality. The upper-level unit, recently renovated, includes one bedroom, one full bath, and a large walk-in closet with dual access, making it both modern and practical. Both units are currently occupied by long-term tenants paying premium lease rates, ensuring immediate and reliable income. Situated near popular local attractions such as the East Chicago Marina, Ameristar Casino, and Lakefront Park, as well as convenient dining and shopping options, this property combines location and lifestyle appeal. With its meticulous upkeep and strategic location, this turnkey investment opportunity is ideal for anyone seeking dependable cash flow in a thriving area. Schedule your private showing today!

Last Agent to Sell the Property

Christian Medina

Realty Executives Premier License #RB20000145 Listed on: 11/25/2024

Realty Executives Premier

Co-Listed By

Alex Nickla

Realty Executives Premier License #RB15001048

Last Buyer's Agent

Elizabeth Zamora

Banga Realty, LLC License #RB22001125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1800 | Remodeled

Parking

  • Off-Street Parking

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring
  • Basement
  • Laundry in Basement
  • Microwave
  • Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 4,304 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units
  • Indiana Harbor 2Nd Add Subdivision

Listing and Financial Details

  • Total Actual Rent $2,400
  • Tenant pays for electricity, gas
  • The owner pays for water
  • Rent includes water
  • Assessor Parcel Number 450322332024000024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1800 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1800
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: In Basement
  • ResoLotFeatures: City Lot
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA1830
  • Co List Office Phone: (219) 462-2224
  • Co List Office Mls Id: NRA1830
  • Subdivision Name: Indiana Harbor 2nd Add
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Refrigerator, Microwave
  • Interior Amenities: None
  • Basement: Unfinished
  • Flooring: Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Fencing: None
  • Acres: 0.0988
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Multi Units, Separate Meters
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Water

Lot Info

  • Lot Size Sq Ft: 4303.73
  • Parcel #: 450322332024000024
  • Zoning Description: Residential

Rental Info

  • Pets Allowed: Size Limit
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Water

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1300

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 2400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2024
Closed on
Jan 15, 2025
Sold by
Medina Nedra N
Bought by
Flores Arely and Rodriguez Javier
Seller's Agent
Christian Medina
Realty Executives Premier
Buyer's Agent
Elizabeth Zamora
Banga Realty, LLC
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%
Views
8
Current Estimated Value
$262,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,600
Avg. Annual Appreciation
1.64%
Original Mortgage
$195,000
Outstanding Balance
$193,966
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$68,634

Purchase Details

Listed on
Mar 31, 2022
Closed on
May 17, 2022
Sold by
Arnez Mcneal Arthur
Bought by
Medina Nedra N
Seller's Agent
Jana Caudill
eXp Realty, LLC
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$196,377
Interest Rate
5.3%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 31, 2022
Closed on
May 13, 2022
Sold by
Arnez Mcneal Arthur
Bought by
Medina Nedra N
Seller's Agent
Jana Caudill
eXp Realty, LLC
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,377
Interest Rate
5.3%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 2020
Sold by
Pacheco Lorena
Bought by
Mcneal Arthur Arnez

Purchase Details

Listed on
May 9, 2019
Closed on
Jun 2, 2019
Sold by
Diaz Lopez Juan Dedios
Bought by
Pacheco Lorena
Seller's Agent
Joseph McCormick
McCormick Real Estate, Inc.
Buyer's Agent
Joseph McCormick
McCormick Real Estate, Inc.
List Price
$20,000
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.79%

Purchase Details

Listed on
Nov 19, 2015
Closed on
Jan 25, 2016
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Diaz Lopez Juan Dedios
Seller's Agent
A. Raoule Bainbridge
American Home Realty Services,
List Price
$8,500
Sold Price
$8,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.81%

Purchase Details

Closed on
Nov 10, 2015
Sold by
Ocwen Loan Servicing Llc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 2, 2015
Sold by
Sims Charlie and Apartments Mansard
Bought by
Ocwen Loan Servicing Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Meridian Title
Warranty Deed -- Chicago Title
Warranty Deed -- Chicago Title
Warranty Deed -- Greater Indiana Title Co
Warranty Deed -- None Available
Special Warranty Deed -- Statewide Title Co Inc
Warranty Deed -- Attorney
Sheriffs Deed $15,463 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 New Conventional
Previous Owner $196,377 FHA
Previous Owner $196,377 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2025 01/16/25 Sold $260,000 -1.9% $144 / Sq Ft
11/30/2024 11/30/24 Pending -- -- --
11/25/2024 11/25/24 For Sale $265,000 +32.5% $147 / Sq Ft
05/13/2022 05/13/22 Sold $200,000 0.0% $111 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $200,000 +900.0% $111 / Sq Ft
06/28/2019 06/28/19 Sold $20,000 0.0% $11 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $20,000 +135.3% $11 / Sq Ft
02/12/2016 02/12/16 Sold $8,500 0.0% $5 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
11/19/2015 11/19/15 For Sale $8,500 -- $5 / 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 $7,512 $174,200 $15,800 $158,400
2023 $2,282 $157,400 $15,800 $141,600
2022 $455 $45,500 $17,700 $27,800
2021 $620 $31,000 $7,000 $24,000
2020 $391 $28,800 $7,000 $21,800
2019 $452 $26,200 $7,000 $19,200
2018 $812 $24,100 $7,000 $17,100
2017 $725 $24,400 $7,000 $17,400
2016 $726 $23,600 $7,000 $16,600
2014 $806 $32,200 $7,000 $25,200
2013 $800 $32,000 $7,000 $25,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 813356

Northwest Indiana Association of REALTORS®

APN: 45-03-22-332-024.000-024