$349,500
UNDER CONTRACT $26K PRICE DROP

4947 Northcote Ave East Chicago, IN 46312

Southside Neighborhood

Estimated payment $2,440/month

Total Views 4,476
9 Beds
-- Bath
10,080 Sq Ft
$35 Price per Sq Ft

About This Home

This 5 rental property offers four residential units & a commercial tenants in a high demand rental market. With low maintenance requirements and upside for rent increases, this property is ideal for an investor seeking great cash flow.

Listing Agent

Andrew Page

Ellsbury Commercial Group LLC License #RB24000716 Listed on: 06/25/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,328

Year Built

  • Built in 1918

Parking

  • 1 Car Garage

Interior Spaces

  • 9 Bedrooms
  • 10,080 Sq Ft Home
  • 2-Story Property

Listing and Financial Details

  • The owner pays for common area maintenance, water, trash collection, taxes, snow removal, sewer, roof maintenance, repairs, pest control, tax, janitorial service, insurance, HVAC maintenance, grounds care, gas, exterior maintenance, electricity
  • Assessor Parcel Number 450332127022000024

Community Details

Overview

  • 5 Units
  • Second Principal Meridian Sub Subdivision

Building Details

  • Gross Income $55,560
  • Net Operating Income $35,532

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,328

Year Built

Built in 1918

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1918
  • Reso Property Sub Type: Apartment
  • ResoLotFeatures: Other
  • Co List Office Mls Id: NRA2314
  • Subdivision Name: Second Principal Meridian Sub
  • Above Grade Finished Sq Ft: 10080
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • AuctionYN: No
  • Special Features: UnderContract
  • Property Sub Type: Condos

Interior Features

  • Appliances: Other
  • Interior Amenities: Other
  • Total Bedrooms: 9

Exterior Features

  • Exterior Features: Other
  • Acres: 0.0803
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Other

Utilities

  • Sewer: Public Sewer
  • Utilities: Other
  • Cooling: Other
  • Heating: Other
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: See Remarks

Lot Info

  • Lot Size Sq Ft: 3500
  • Parcel #: 450332127022000024

Rental Info

  • Pets Allowed: Call
  • Tenant Pays: Electricity, See Remarks, Gas
  • Owner Pays: Common Area Maintenance, Water, Trash Collection, Taxes, Snow Removal, Sewer, See Remarks, Roof Maintenance, Repairs, Pest Control, Other Tax, Janitorial Service, Insurance, HVAC Maintenance, Grounds Care, Gas, Exterior Maintenance, Electricity

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6328

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 55560

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $11,717 $240,700 $5,100 $235,600
2023 $5,633 $245,500 $5,100 $240,400
2022 $5,633 $244,500 $5,100 $239,400
2021 $4,445 $192,400 $5,100 $187,300
2020 $4,976 $215,400 $5,100 $210,300
2019 $5,733 $203,800 $5,100 $198,700
2018 $4,712 $205,600 $5,100 $200,500
2017 $4,962 $196,600 $5,100 $191,500
2016 $4,934 $188,700 $5,100 $183,600
2014 $4,684 $184,000 $5,100 $178,900
2013 $4,611 $181,400 $5,100 $176,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $349,500 -6.8% $35 / Sq Ft
06/25/2025 06/25/25 For Sale $375,000 +47.1% $37 / Sq Ft
06/01/2021 06/01/21 Sold $255,000 0.0% $25 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $255,000 -- $25 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $255,000 Chicgo Title Ins Co
Warranty Deed -- Meridian Title Corp
Interfamily Deed Transfer -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $182,000 New Conventional
Closed $229,500 Commercial
Source: Public Records

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Source: Northwest Indiana Association of REALTORS®

MLS Number: 823108

Northwest Indiana Association of REALTORS®

APN: 45-03-32-127-022.000-024

Indiana Lake County East Chicago 46312 Southside

4947 Northcote Ave, East Chicago, IN

This home is located at 4947 Northcote Ave, East Chicago, IN 46312 and is currently priced at $349,500, approximately $34 per square foot. This property was built in 1918. 4947 Northcote Ave is a home located in Lake County with nearby schools including East Chicago Central High School, East Chicago Urban Enterprise Academy, and St Stanislaus School.

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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
Listing Agent
Andrew Page
Section Image
Ellsbury Commercial Group LLC
(219) 327-4523