$325,000
SOLD MAY 21, 2025
10 Beds
4 Baths
7,576 Sq Ft
4,305 Sq Ft Lot

Recently Sold

$43 Per Sq Ft

2% Above List Price

43 Days on Market

About This Home

As of May 2025

Unlock the potential of this spacious 4-unit property in East Chicago, featuring two 2-bedroom, 1-bath units and two 3- bedroom, 1-bath units--all generously sized to attract long-term tenants. Strategically located in a growing rental market, this property is ideal for investors seeking immediate income with upside potential. There is plenty of upside at this property to remodel the units and raise rents to market.

Last Agent to Sell the Property

Tariq Suboh

Ellsbury Commercial Group LLC License #RB20000815 Listed on: 02/14/2025

Last Buyer's Agent

Juanita Nunez

McColly Real Estate License #RB21001404

McColly Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,928

Year Built

  • Built in 1928

Lot Details

  • 4,305 Sq Ft Lot

Interior Spaces

  • 7,576 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Community Details

  • 4 Units
  • Indiana Harbor 3Rd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450322353019000024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,928

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1928
  • Co List Office Mls Id: NRA2314
  • Subdivision Name: Indiana Harbor 3rd Add
  • Above Grade Finished Sq Ft: 7576
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Flooring: Hardwood
  • Full Bathrooms: 4
  • Total Bedrooms: 10

Exterior Features

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

Garage/Parking

  • Parking Features: Other

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 4305
  • Parcel #: 450322353019000024

Rental Info

  • Pets Allowed: Call
  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4928

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2025
Closed on
May 20, 2025
Sold by
Arise Properties In Llc
Bought by
Garcia Ray Marco Mancil
Seller's Agent
Tariq Suboh
Ellsbury Commercial Group LLC
Buyer's Agent
Juanita Nunez
McColly Real Estate
List Price
$319,000
Sold Price
$325,000
Premium/Discount to List
$6,000
1.88%
Views
91

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.03%
Original Mortgage
$325,000
Outstanding Balance
$325,000
Interest Rate
6.62%
Mortgage Type
VA
Estimated Equity
-$8,793

Purchase Details

Closed on
Dec 5, 2019
Sold by
Ace Nwi Llc
Bought by
Arise Properties In Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2019
Sold by
Hillegonds Carl and Hillegonds Kristin R
Bought by
Ace Nwi Llc

Purchase Details

Closed on
Dec 9, 2009
Sold by
Rankovich Momcilo and Rankovich Maria
Bought by
Hillegonds Carl and Hillegonds Kristin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,125
Interest Rate
5.02%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- Chicago Title Insurance Compan
Warranty Deed -- Indiana Title Network Co
Warranty Deed -- Indiana Title Network Co
Warranty Deed -- Multiple
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $325,000 VA
Previous Owner $180,000 Commercial
Previous Owner $58,125 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Sold $325,000 +1.9% $43 / Sq Ft
03/29/2025 03/29/25 Pending -- -- --
03/20/2025 03/20/25 Price Changed $319,000 0.0% $42 / Sq Ft
03/20/2025 03/20/25 For Sale $319,000 -8.9% $42 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $350,000 -- $46 / 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 $11,760 $253,300 $6,200 $247,100
2023 $4,928 $246,400 $6,200 $240,200
2022 $4,206 $210,300 $6,200 $204,100
2021 $4,524 $226,200 $6,200 $220,000
2020 $4,332 $216,600 $6,200 $210,400
2019 $1,986 $84,900 $6,200 $78,700
2018 $2,099 $84,900 $6,200 $78,700
2017 $2,113 $83,500 $6,200 $77,300
2016 $2,105 $80,300 $6,200 $74,100
2014 $2,039 $79,800 $6,200 $73,600
2013 $2,007 $78,700 $6,200 $72,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 816413

Northwest Indiana Association of REALTORS®

APN: 45-03-22-353-019.000-024