NOT LISTED FOR SALE

512 Detroit St Hammond, IN 46320

Estimated Value: $151,779 - $218,000

3 Beds
3 Baths
3,049 Sq Ft
$56/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $79,900 $26 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,101/month

110 Days on Market

About This Home

As of November 2019

You're viewing 512 Detroit, a 2 flat w/ a sprawling 2 Bd-2 Full Bath main floor unit and a 1 bdrm unit on 2nd floor. Offered as part of an optional package deal w/ neighboring 4-unit 509 Detroit ($159,900) and 2-unit 510 Detroit ($89,900), totaling 8 FULLY OCCUPIED units! Substantial investment by owner completed over the last 18 mo., w/ 6 of the 8 units updated. New flooring/paint throughout as well as new tenants on annual leases w/ deposits in place. 512 Detroit has 2 units that share a common basement for storage. The bsmt also has an owners room that serves as a great maintenance home-base for the 3 properties. Gross rents for 512 Detroit are nearly $15,000/year with room to grow! If your favorite board game is Monopoly, here's your chance for the real-life Marvin Gardens (509 Detroit), Ventnor Ave (510 Detroit) and Atlantic Ave (512 Detroit). Whether this is your first income property or an addition to your Monopoly board, this is a great opportunity for turn key cash flow.

Last Agent to Sell the Property

Kyle Weddington

Reeder Companies License #RB19000676 Listed on: 07/10/2019

Co-Listed By

Warren Reeder

Reeder Companies License #RB14050613

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 4,574 Sq Ft Lot

Home Design

  • 3,049 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 450601260003000023

Community Details

Overview

  • 2 Units
  • Highland Add Subdivision

Amenities

  • Community Deck or Porch

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1918
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Porch
  • Co List Office Mls Id: GNR31
  • Co List Office Mls Id: GNR31
  • Subdivision Name: Highland Add
  • GNR_TotalBathrooms: 3
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Acres: 0.105

Garage/Parking

  • Parking Features: None

Lot Info

  • Lot Size Sq Ft: 4574
  • Parcel #: 450601260003000023

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2022
Sold by
Goggins Annette F
Bought by
Jones Marvin
Current Estimated Value
$170,695

Purchase Details

Listed on
Jul 10, 2019
Closed on
Nov 26, 2019
Sold by
Apex Company Llc
Bought by
Jones Annette F
Seller's Agent
Kyle Weddington
Reeder Companies
List Price
$79,900
Sold Price
$79,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.75%

Purchase Details

Closed on
Feb 22, 2018
Sold by
Chad Enterprises Ltd
Bought by
Apex Company 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
Jones Annette F -- Meridian Title
Apex Company Llc -- Meridian Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2019 11/27/19 Sold $79,900 0.0% $26 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $79,900 -- $26 / 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 $5,540 $128,200 $18,600 $109,600
2023 $2,940 $115,900 $18,600 $97,300
2022 $2,940 $109,700 $18,600 $91,100
2021 $2,331 $86,000 $9,300 $76,700
2020 $2,083 $76,300 $9,300 $67,000
2019 $2,090 $72,200 $11,600 $60,600
2018 $2,151 $66,100 $11,600 $54,500
2017 $1,809 $49,700 $11,600 $38,100
2016 $1,541 $48,900 $11,600 $37,300
2014 $1,701 $54,300 $11,600 $42,700
2013 $1,127 $38,000 $11,600 $26,400
Source: Public Records

Agents Affiliated with this Home

  • Kyle Weddington

    Seller's Agent in 2019

    Kyle Weddington

    Reeder Companies

    (219) 484-6817

    10 in this area

    17 Total Sales

    Kyle Weddington
    Section Image
  • Warren Reeder

    Seller Co-Listing Agent in 2019

    Warren Reeder

    Reeder Companies

    (219) 712-7127

    8 in this area

    35 Total Sales

    Warren Reeder
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR456967

Northwest Indiana Association of REALTORS®

APN: 45-06-01-260-003.000-023

Indiana Lake County Hammond 46320

512 Detroit St, Hammond, IN

This home is located at 512 Detroit St, Hammond, IN 46320 since 10 July 2019 and is currently estimated at $170,695, approximately $55 per square foot. This property was built in 1918. 512 Detroit St is a home located in Lake County with nearby schools including Lew Wallace Elementary School, Eggers Middle School, and Hammond High 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.

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