$180,000
SOLD APR 30, 2025

3926 Butternut St East Chicago, IN 46312

Indiana Harbor Neighborhood
8 Beds
4 Baths
2,992 Sq Ft
3,690 Sq Ft Lot

Recently Sold

$60 Per Sq Ft

50% Above List Price

3 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • 4-minute walk to Callahan Park

About This Home

As of April 2025

Excellent Investment opportunity. 2 Buildings. 3926 & 3922 Butternut This 2 story has 2 units each having 2 beds 1 full bath. Unit #1 recently renovated with new hard surfaces, fresh paint and comes with stove & refrigerator with the added bonus of a flex space. It's all ready for a new tenant to move in! Unit #2 has a long term tenant current lease is up Dec 2025 with a rent of 700.00 per month. The centrally located property has great rental potential with total monthly rents of possibly 1,800.00. Tenants are responsible for the gas & electric. Property being sold AS IS.

Last Agent to Sell the Property

Cindy Malmquist

Key Realty Indiana, LLC License #RB14043950 Listed on: 04/02/2025

Key Realty Indiana, LLC

Last Buyer's Agent

Christina Lee

The Lyons Group Real Estate License #RB17000813

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,660

Year Built

  • Built in 1918

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Additional Features

  • Covered Patio or Porch
  • 3,690 Sq Ft Lot

Community Details

  • 4 Units
  • Indiana Harbor Add 03 Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for trash collection, water
  • Rent includes trash collection, water
  • Assessor Parcel Number 450322451034000024 & 450322451032000024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,660

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1918
  • ResoLotFeatures: Back Yard
  • Co List Office Mls Id: NRA2339
  • Subdivision Name: Indiana Harbor Add 03
  • Above Grade Finished Sq Ft: 2992
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: Open Floorplan
  • Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Acres: 0.0847
  • Waterfront: No
  • Patio And Porch Features: Covered, Front Porch

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Trash Collection, Water

Lot Info

  • Lot Size Sq Ft: 3690
  • Parcel #: 450322451034000024 & 450322451032000024

Rental Info

  • Pets Allowed: Number Limit
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Trash Collection, Water

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1660

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2025
Closed on
Apr 29, 2025
Sold by
Rickety Rentals Llc
Bought by
Dad Properties Llc
Seller's Agent
Cindy Malmquist
Key Realty Indiana, LLC
Buyer's Agent
Christina Lee
The Lyons Group Real Estate
List Price
$120,000
Sold Price
$180,000
Premium/Discount to List
$60,000
50%
Views
7
Current Estimated Value
$176,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,256
Avg. Annual Appreciation
-6.37%
Original Mortgage
$165,000
Outstanding Balance
$165,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$11,131

Purchase Details

Closed on
Aug 3, 2015
Sold by
Tabor Richard O
Bought by
Rickety Rentals Llc

Purchase Details

Listed on
Jan 17, 2015
Closed on
Apr 8, 2015
Sold by
First Merchants Bank Na
Bought by
Tabor Richard O
Seller's Agent
Eric Griffin
Griffin Realty, LLC
List Price
$16,500
Sold Price
$16,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.60%

Purchase Details

Closed on
Dec 29, 2014
Sold by
Martinez Priscilla and Barriga Carmen B
Bought by
First Merchants Bank Na

Purchase Details

Closed on
May 22, 2010
Sold by
Martinez Priscilla and Flores Veronica
Bought by
Martinez Priscilla

Purchase Details

Closed on
Jul 1, 2006
Sold by
Skaggs Sylvia and Razo Francis
Bought by
Martinez Priscilla

Purchase Details

Closed on
Mar 4, 2006
Sold by
Martinez Priscilla
Bought by
Martinez Priscilla and Flores Veronica
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- Liberty Title
Warranty Deed -- Meridian Title Corp
Limited Warranty Deed -- None Available
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $165,000 New Conventional
Previous Owner $45,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Sold $180,000 0.0% $60 / Sq Ft
04/06/2025 04/06/25 Price Changed $180,000 +50.0% $60 / Sq Ft
04/02/2025 04/02/25 For Sale $120,000 +627.3% $40 / Sq Ft
04/10/2015 04/10/15 Sold $16,500 0.0% $7 / Sq Ft
03/11/2015 03/11/15 Pending -- -- --
01/17/2015 01/17/15 For Sale $16,500 -- $7 / 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 $3,494 $80,900 $13,800 $67,100
2023 $1,342 $73,200 $13,800 $59,400
2022 $1,342 $67,100 $15,200 $51,900
2021 $1,016 $50,800 $6,000 $44,800
2020 $932 $46,600 $6,000 $40,600
2019 $1,026 $41,700 $6,000 $35,700
2018 $1,003 $38,000 $6,000 $32,000
2017 $1,035 $38,600 $6,000 $32,600
2016 $1,034 $37,200 $6,000 $31,200
2014 $350 $36,400 $6,000 $30,400
2013 -- $36,100 $6,000 $30,100
Source: Public Records

Agents Affiliated with this Home

  • Cindy Malmquist

    Seller's Agent in 2025

    Cindy Malmquist

    Key Realty Indiana, LLC

    (219) 928-8934

    2 in this area

    51 Total Sales

    Cindy Malmquist
    Section Image

  • C

    Buyer's Agent in 2025

    Christina Lee

    The Lyons Group Real Estate

    (219) 805-9193

    9 in this area

    86 Total Sales

    Christina Lee
    Section Image

  • E

    Seller's Agent in 2015

    Eric Griffin

    Griffin Realty, LLC

    (219) 313-3359

    27 Total Sales

    Eric Griffin
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 818390

Northwest Indiana Association of REALTORS®

APN: 45-03-22-451-034.000-024

Indiana Lake County East Chicago 46312 Indiana Harbor

3926 Butternut St, East Chicago, IN

This home is located at 3926 Butternut St, East Chicago, IN 46312 and is currently priced at $180,000, approximately $60 per square foot. This property was built in 1918. 3926 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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