NOT LISTED FOR SALE

5253 State Line Ave Hammond, IN 46320

Estimated Value: $121,000 - $192,344

2 Beds
2 Baths
1,225 Sq Ft
$129/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $100,000 $82 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $997/month

445 Days on Market

Highlights

  • 2.5 Car Detached Garage
  • Community Deck or Porch
  • Community Storage Space

About This Home

As of November 2022

ATTENTION INVESTORS!! Close proximity to the Illinois/Indiana Border, the Hammond Academy of Science & Technology, Franciscan Health Centers, dining, and shopping. The future expansion of the South Shore Line's West Lake Corridor Line coming through the area makes this an amazing opportunity to generate income! Hammond's rejuvenation makes this a desirable investment.Main Level is split into (2)-1BR, 1BA units in the front and back (525 ft2 each) (Possible Income of $750/mo each). Full, partially finished basement (1050 ft2), perfect for additional rental space for tenant storage and coin-op laundry facilities. Nice back yard with a LARGE 2.5-3 car garage in back can be rented out to tenants for storage as well.All units currently rented to family members at discounted rates, so rent rolls will not be helpful in determining profitability/CAP Rates.

Last Agent to Sell the Property

Joseph Burdick

Weichert Realtors - Shoreline License #RB20001976 Listed on: 07/30/2021

Weichert Realtors - Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,026

Year Built

  • Built in 1948

Lot Details

  • 7,500 Sq Ft Lot

Parking

  • 2.5 Car Detached Garage
  • Off-Street Parking

Home Design

  • 1,225 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms

Listing and Financial Details

  • Assessor Parcel Number 450236301003000023

Community Details

Overview

  • C Hohmans Add Subdivision

Amenities

  • Community Deck or Porch
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,026

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1948
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Porch, Storage
  • Co List Office Mls Id: GNR970
  • Co List Office Mls Id: GNR970
  • Subdivision Name: C Hohmans Add
  • GNR_TotalBathrooms: 2
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_RealEstateOwnedYN: false
  • GNR_ShortSaleYN: false
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Acres: 0.1722

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Detached, Off Street

Schools

  • Junior High Dist: Hammond

Lot Info

  • Lot Size Sq Ft: 7500
  • Parcel #: 450236301003000023

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 2026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2023
Sold by
Mjolnir Vi Llc
Bought by
Badu Investments Llc
Current Estimated Value
$157,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,092
Outstanding Balance
$101,184
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$56,402

Purchase Details

Closed on
Oct 25, 2023
Sold by
Mjolnir Vi Llc
Bought by
Badu Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,092
Outstanding Balance
$101,184
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$56,402

Purchase Details

Listed on
Jul 30, 2021
Closed on
Nov 21, 2022
Sold by
Gamez Graciela
Bought by
Mjolnir Vi Llc
Seller's Agent
Joseph Burdick
Weichert Realtors - Shoreline
List Price
$100,000
Sold Price
$100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.43%

Purchase Details

Closed on
Mar 15, 2018
Sold by
F & G Management Llc
Bought by
Gamez Santiago and Gamez Gabriela

Purchase Details

Closed on
Sep 25, 2014
Sold by
Gamez Santiago and Gamez Graciela
Bought by
F & G Management Llc and Indiana Llc
Source: Public Records

Range of Values:

Collateral Analytics

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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
Badu Investments Llc -- First American
Badu Investments Llc $128,866 First American
Mjolnir Vi Llc -- Fidelity National Title
Gamez Santiago -- None Available
F & G Management Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Badu Investments Llc $103,092
Closed Badu Investments Llc $103,092
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $100,000 0.0% $82 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
07/30/2021 07/30/21 For Sale $100,000 -- $82 / 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 $4,756 $132,300 $24,300 $108,000
2023 $2,782 $99,500 $24,400 $75,100
2022 $2,782 $103,800 $24,400 $79,400
2021 $2,163 $79,800 $9,700 $70,100
2020 $2,026 $74,200 $9,700 $64,500
2019 $2,098 $72,500 $12,000 $60,500
2018 $2,281 $72,500 $12,000 $60,500
2017 $2,604 $72,300 $12,000 $60,300
2016 $2,110 $67,700 $12,000 $55,700
2014 $2,049 $65,400 $11,900 $53,500
2013 $2,019 $68,100 $12,000 $56,100
Source: Public Records

Agents Affiliated with this Home

  • Joseph Burdick

    Seller's Agent in 2022

    Joseph Burdick

    Weichert Realtors - Shoreline

    (815) 545-0086

    14 in this area

    116 Total Sales

    Joseph Burdick
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR497732

Northwest Indiana Association of REALTORS®

APN: 45-02-36-301-003.000-023

Indiana Lake County Hammond 46320

5253 State Line Ave, Hammond, IN

This home is located at 5253 State Line Ave, Hammond, IN 46320 since 30 July 2021 and is currently estimated at $157,586, approximately $128 per square foot. This property was built in 1948. 5253 State Line Ave is a home located in Lake County with nearby schools including Eggers Middle School, Hammond High School, and Hammond Academy Of Science & Tech.

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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