NOT LISTED FOR SALE

3906 Butternut St East Chicago, IN 46312

Indiana Harbor Neighborhood

Estimated Value: $230,000 - $341,000

7 Beds
4 Baths
3,600 Sq Ft
$79/Sq Ft Est. Value

Last Sold August 28, 2012

Last sale price $20,000 $6 Per Sq Ft

Est. 1,328% increase in value since last sale

Current estimated payment $1,728/month

445 Days on Market

Highlights

  • Forced Air Heating System
  • Hot Water Heating System
  • 3-minute walk to Callahan Park

About This Home

As of August 2012

This 4 unit needs TLC. The rents are extremely low and should be raised by new owner. This has 3-2 bedroom units and 1-1 bedroom unit. It has a lot of new items that include 80% of the building has newer windows. Front building has a rubber roof in 1997, rear roof was complete tear off in 02, the tuck pointing was done in 2006, all new electric in 2002(4 meters for units and a common), hot water furnace is 4 years old, HWH is 6 years old.

Last Agent to Sell the Property

Joe Villegas

Advanced Real Estate, LLC License #RB14051327 Listed on: 04/08/2011

Advanced Real Estate, LLC

Co-Listed By

Lisa Mullins

@properties/Christie's Intl RE License #RB14044126

Last Buyer's Agent

Joe Villegas

Advanced Real Estate, LLC License #RB14051327 Listed on: 04/08/2011

Advanced Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,573

Year Built

  • Built in 1912

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 123 x 30

Home Design

  • Brick Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $10,200
  • Rent includes trash collection, water
  • Assessor Parcel Number 450322451024000024

Community Details

Overview

  • 4 Units
  • Harbor Subdivision

Building Details

  • Electric Expense $400
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,248
  • Net Operating Income $1,752

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,573

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1912
  • Reso Property Sub Type: Quadruplex
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: NRA121
  • Co List Office Mls Id: NRA2041
  • Subdivision Name: Harbor
  • WaterExpense: 1200.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Interior Amenities: Elevator
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.09
  • Construction Type: Aluminum Siding, Brick

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Cable Available, Sewer Available
  • Cooling: None
  • Heating: Forced Air, Hot Water, Individual Unit, Natural Gas, Unit Control
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Other, Trash Collection, Water

Schools

  • Junior High Dist: City of East Chicago

Lot Info

  • Lot Dimensions: 123 x 30
  • Lot Size Sq Ft: 3920
  • ResoLotSizeUnits: Acres
  • Parcel #: 450322451024000024
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 400
  • Insurance Expense: 1200
  • Total Actual Rent: 10200

Tax Info

  • New Taxes Expense: 3248

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2011
Closed on
Aug 28, 2012
Sold by
Martinez Roberto and Martinez Rosalinda
Bought by
Cuevas Rosendo
Seller's Agent
Joe Villegas
Advanced Real Estate, LLC
Buyer's Agent
Joe Villegas
Advanced Real Estate, LLC
List Price
$20,000
Sold Price
$20,000
Current Estimated Value
$285,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,500
Avg. Annual Appreciation
22.50%
Original Mortgage
$45,000
Interest Rate
3.56%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Cuevas Rosendo -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cuevas Rosendo $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2012 08/28/12 Sold $20,000 0.0% $6 / Sq Ft
07/29/2012 07/29/12 Pending -- -- --
04/08/2011 04/08/11 For Sale $20,000 -- $6 / 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 $2,573 $100,900 $13,800 $87,100
2023 $1,910 $98,400 $13,800 $84,600
2022 $1,910 $95,500 $13,300 $82,200
2021 $1,792 $89,600 $13,300 $76,300
2020 $1,792 $89,600 $13,300 $76,300
2019 $2,080 $89,600 $13,300 $76,300
2018 $2,182 $88,800 $13,300 $75,500
2017 $2,255 $90,000 $13,300 $76,700
2016 $2,291 $88,500 $13,300 $75,200
2014 $2,151 $84,200 $13,300 $70,900
2013 $2,191 $85,900 $13,300 $72,600
Source: Public Records

Agents Affiliated with this Home

  • Joe Villegas

    Seller's Agent in 2012

    Joe Villegas

    Advanced Real Estate, LLC

    (219) 712-1302

    3 in this area

    44 Total Sales

    Joe Villegas
    Section Image
  • Lisa Mullins

    Seller Co-Listing Agent in 2012

    Lisa Mullins

    @ Properties

    (219) 306-2059

    1 in this area

    317 Total Sales

    Lisa Mullins
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 284234

Northwest Indiana Association of REALTORS®

APN: 45-03-22-451-024.000-024

Indiana Lake County East Chicago 46312 Indiana Harbor

3906 Butternut St, East Chicago, IN

This home is located at 3906 Butternut St, East Chicago, IN 46312 since 08 April 2011 and is currently estimated at $285,500, approximately $79 per square foot. This property was built in 1912. 3906 Butternut St is a home located in Lake County with nearby schools including East Chicago Central High School, East Chicago Lighthouse, and East Chicago Urban Enterprise Academy.

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.

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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