NOT LISTED FOR SALE

3913 Alder St East Chicago, IN 46312

Indiana Harbor Neighborhood

Estimated Value: $197,000 - $234,833

5 Beds
3 Baths
2,835 Sq Ft
$76/Sq Ft Est. Value

Last Sold February 12, 2024

Last sale price $230,000 $81 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,523/month

93 Days on Market

Highlights

  • Porch
  • Fenced
  • 3-minute walk to Callahan Park

About This Home

As of February 2024

East Chicago is a dynamic city with a great history. And, whether you're an investor looking for a reliable source of income or homeowner seeking multi-unit living with income potential, this property offers the best of both worlds. Don't miss this opportunity to invest in this charming brick multi-unit building in East Chicago. The main unit (1st floor) is tenant occupied with 2 Bedrooms and 1 Bathroom. The upper unit (Unit 2) is on 2 levels with 3 bedrooms and 2 Bathrooms. Close to major transportation hubs, shopping, restaurants and easy commute to Chicago, this multi-unit could be your best investment!

Last Agent to Sell the Property

Larita Thomas

@properties/Christie's Intl RE License #RB18000650 Listed on: 10/21/2023

@properties/Christie's Intl RE

Last Buyer's Agent

Fernando Alanis

Listing Leaders Northwest License #RB20001710

Listing Leaders Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,770

Year Built

  • Built in 1924

Lot Details

  • 3,075 Sq Ft Lot
  • Lot Dimensions are 25 x 123
  • Fenced

Home Design

  • Brick Foundation

Interior Spaces

  • 2,835 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Porch

Listing and Financial Details

  • Total Actual Rent $11,220
  • Tenant pays for electricity, gas
  • The owner pays for electricity, gas, sewer, water
  • Assessor Parcel Number 450322451007000024

Community Details

Overview

  • 2 Units
  • Indiana Harbor 3Rd Add Subdivision

Building Details

  • Insurance Expense $600
  • Trash Expense $75
  • Water Sewer Expense $400
  • New Taxes Expense $1,428
  • Net Operating Income $11,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,770

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1924
  • Co List Office Mls Id: NRA2041
  • Subdivision Name: Indiana Harbor 3rd Add
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Fenced
  • Acres: 0.0706
  • Construction Type: Brick
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public

Fee Information

  • Trash Expense: 75

Lot Info

  • Lot Dimensions: 25 x 123
  • Lot Size Sq Ft: 3075
  • Parcel #: 450322451007000024

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Total Actual Rent: 11220

Tax Info

  • New Taxes Expense: 1428

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2023
Closed on
Feb 6, 2024
Sold by
Max Properties Llc
Bought by
Ayala Juan A Martinez
Seller's Agent
Larita Thomas
@properties/Christie's Intl RE
Buyer's Agent
Fernando Alanis
Listing Leaders Northwest
List Price
$235,000
Sold Price
$230,000
Premium/Discount to List
-$5,000
-2.13%
Total Days on Market
93
Views
200
Current Estimated Value
$215,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,542
Avg. Annual Appreciation
-4.90%
Original Mortgage
$222,323
Outstanding Balance
$219,543
Interest Rate
6.75%
Mortgage Type
FHA
Estimated Equity
-$4,085

Purchase Details

Listed on
Jan 21, 2023
Closed on
Apr 12, 2023
Sold by
Finch Investments Llc
Bought by
Max Properties Llc
Seller's Agent
Nina Wiseman
Listing Leaders
List Price
$99,166
Sold Price
$99,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
149.54%

Purchase Details

Closed on
Dec 26, 2018
Sold by
Montgomery Jason W
Bought by
Finch Investments Llc

Purchase Details

Closed on
Aug 29, 2018
Sold by
Ace Nwi Llc
Bought by
Montgomery Jason W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in East Chicago, IN

  • 3705 Butternut St, East Chicago, IN 46312

    $218,000

    • 4 Beds
    • 2 Baths
    • 2,688 Sq Ft
    • 3705 Butternut St
    • East Chicago, IN

    This Income property awaits its new owner!! Two unit duplex, with each unit offering two bedrooms and one bathroom. Property boasts a common area laundry room and two car garage. The perfect location of this property creates easy access to major highways, restaurants, shopping, and even Lake Michigan. Front view from the property is the beautiful Callahan Park with walking paths, playground and

    Jenifer Anderson Premier Region Real Estate

    Section Image
  • 3732 Deodar St, East Chicago, IN 46312

    $205,000

    • 5 Beds
    • 3 Baths
    • 1,978 Sq Ft
    • 3732 Deodar St
    • East Chicago, IN

    Don't miss this incredible opportunity to own a cash-flowing 3-unit building in the heart of East Chicago! With two units already rented and one unit available, this property is perfect for generating immediate income or living in one unit while letting the others pay your mortgage. Ideally located near major highways, schools, parks, and just minutes from the IN/IL border, convenience is at your

    Angelo Torres Simplify Your Move! Realty Inc

    Section Image
See All Homes in East Chicago

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ayala Juan A Martinez $230,000 Meridian Title
Max Properties Llc -- Acuity Title
Finch Investments Llc -- Indiana Title Network Co
Montgomery Jason W -- Indiana Title Network Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayala Juan A Martinez $222,323
Previous Owner Montgomery Jason W $46,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2024 02/12/24 Sold $230,000 0.0% $81 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
11/22/2023 11/22/23 Price Changed $230,000 -2.1% $81 / Sq Ft
11/03/2023 11/03/23 For Sale $235,000 0.0% $83 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/21/2023 10/21/23 For Sale $235,000 +137.0% $83 / Sq Ft
03/14/2023 03/14/23 Sold $99,166 0.0% $35 / Sq Ft
02/12/2023 02/12/23 Pending -- -- --
01/21/2023 01/21/23 For Sale $99,166 -- $35 / 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 $3,770 $87,800 $11,700 $76,100
2023 $1,428 $79,000 $11,700 $67,300
2022 $1,428 $71,400 $12,600 $58,800
2021 $1,118 $55,900 $5,000 $50,900
2020 $1,022 $51,100 $5,000 $46,100
2019 $1,104 $45,600 $5,000 $40,600
2018 $1,075 $41,400 $5,000 $36,400
2017 $1,105 $41,800 $5,000 $36,800
2016 $1,102 $40,200 $5,000 $35,200
2014 $933 $36,500 $5,000 $31,500
2013 $923 $36,200 $5,000 $31,200
Source: Public Records

Agents Affiliated with this Home

  • Larita Thomas

    Seller's Agent in 2024

    Larita Thomas

    @ Properties

    (219) 973-8481

    3 in this area

    209 Total Sales

    Larita Thomas
    Section Image
  • Fernando Alanis

    Buyer's Agent in 2024

    Fernando Alanis

    Listing Leaders Northwest

    (219) 789-7409

    20 in this area

    106 Total Sales

    Fernando Alanis
    Section Image
  • Nina Wiseman

    Seller's Agent in 2023

    Nina Wiseman

    Listing Leaders

    (219) 801-0884

    6 in this area

    85 Total Sales

    Nina Wiseman
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 540556

Northwest Indiana Association of REALTORS®

APN: 45-03-22-451-007.000-024

Indiana Lake County East Chicago 46312 Indiana Harbor

3913 Alder St, East Chicago, IN

This home is located at 3913 Alder St, East Chicago, IN 46312 since 21 October 2023 and is currently estimated at $215,458, approximately $75 per square foot. This property was built in 1924. 3913 Alder 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.

Nearby Homes