NOT LISTED FOR SALE

4831 Melville Ave East Chicago, IN 46312

Calumet Neighborhood

Estimated Value: $80,000 - $178,953

4 Beds
2 Baths
2,562 Sq Ft
$56/Sq Ft Est. Value

Last Sold January 14, 2019

Last sale price $35,000 $14 Per Sq Ft

Est. 309% increase in value since last sale

Current estimated payment $1,002/month

76 Days on Market

About This Home

As of January 2019

Great opportunity here with tenants in property! 2 more opportunities in the lower level. New Furnace and water tank. First apartment has hardwood floors and 2 bed 1 bath $500/month. 2nd unit has 2 bed 1 bath. Lower level needs to be rehabbed. New siding. Off Street Parking

Last Agent to Sell the Property

Angela Manning

Integrity Realty Partners License #RB17000786 Listed on: 10/25/2018

Last Buyer's Agent

Angela Manning

Integrity Realty Partners License #RB17000786 Listed on: 10/25/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,864

Year Built

  • Built in 1910

Lot Details

  • 3,550 Sq Ft Lot
  • Lot Dimensions are 25 x 142

Interior Spaces

  • 2,562 Sq Ft Home
  • Elevator
  • Basement

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Total Actual Rent $11,400
  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 450328383013000024

Community Details

Overview

  • 2 Units
  • Sub Sw 28 37N 9W Subdivision

Amenities

  • Laundry Facilities

Building Details

  • New Taxes Expense $694
  • Net Operating Income $11,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,864

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1910
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Common Area
  • Co List Office Mls Id: NRA1935
  • Subdivision Name: Sub Sw 28 37n 9w
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Crawl Space, Full
  • Flooring: Hardwood, Linoleum, Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.0815
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: None

Utilities

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

Lot Info

  • Lot Dimensions: 25 x 142
  • Lot Size Sq Ft: 3550
  • Parcel #: 450328383013000024

Rental Info

  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 11400

Tax Info

  • New Taxes Expense: 694

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2018
Closed on
Jan 14, 2019
Sold by
Thomas Eric
Bought by
Torres Israel
Seller's Agent
Angela Manning
Integrity Realty Partners
Buyer's Agent
Angela Manning
Integrity Realty Partners
List Price
$35,000
Sold Price
$35,000
Current Estimated Value
$143,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,238
Avg. Annual Appreciation
21.28%
Original Mortgage
$30,000
Outstanding Balance
$26,690
Interest Rate
4.5%
Mortgage Type
Seller Take Back
Estimated Equity
$100,288

Purchase Details

Closed on
Oct 2, 2018
Sold by
Holmes Brian and Gonzalez Ana
Bought by
Thomas Eric D

Purchase Details

Closed on
Mar 8, 2017
Sold by
Dsre Centex Partners 2 Llc
Bought by
Holmes Brain and Gonzaleez Ana

Purchase Details

Closed on
Mar 19, 2015
Sold by
Baldwin Mortgage Investments Inc
Bought by
Dsre Centex Partners 2 Llc

Purchase Details

Closed on
Sep 1, 2012
Sold by
Reo
Bought by
Gonzalez Ana

Purchase Details

Closed on
Jun 20, 2012
Sold by
Unit Rehab Llc
Bought by
Reo Logic Indiana Holdings Llc

Purchase Details

Closed on
May 17, 2012
Sold by
Brown Perry
Bought by
Unit Rehab Llc
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 Buyer Sale Price Title Company
Torres Israel $35,000 None Available
Thomas Eric D $2,000 None Available
Holmes Brain -- Meridian Title Corp
Dsre Centex Partners 2 Llc -- Meridian Title Corp
Gonzalez Ana $14,000 --
Reo Logic Indiana Holdings Llc -- None Available
Unit Rehab Llc $2,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Israel $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2019 01/14/19 Sold $35,000 0.0% $14 / Sq Ft
12/15/2018 12/15/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $35,000 -- $14 / 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 $2,864 $66,300 $9,800 $56,500
2023 $1,080 $60,000 $9,800 $50,200
2022 $1,080 $54,000 $12,300 $41,700
2021 $850 $42,500 $6,100 $36,400
2020 $802 $40,100 $6,100 $34,000
2019 $721 $37,500 $6,100 $31,400
2018 $807 $35,200 $6,100 $29,100
2017 $694 $34,700 $6,100 $28,600
2016 $1,185 $43,900 $8,100 $35,800
2014 $1,359 $53,200 $8,100 $45,100
2013 $941 $55,700 $8,100 $47,600
Source: Public Records

Agents Affiliated with this Home

  • Angela Manning

    Seller's Agent in 2019

    Angela Manning

    Integrity Realty Partners

    (219) 628-3432

    6 in this area

    120 Total Sales

    Angela Manning
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 445024

Northwest Indiana Association of REALTORS®

APN: 45-03-28-383-013.000-024

Indiana Lake County East Chicago 46312 Calumet

4831 Melville Ave, East Chicago, IN

This home is located at 4831 Melville Ave, East Chicago, IN 46312 since 25 October 2018 and is currently estimated at $143,238, approximately $55 per square foot. This property was built in 1910. 4831 Melville Ave is a home located in Lake County with nearby schools including East Chicago Central High School, East Chicago Urban Enterprise Academy, and Greater First Christian Aca.

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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