NOT LISTED FOR SALE

5378 Clem Rd Portage, IN 46368

Estimated Value: $143,000 - $296,000

2 Beds
2 Baths
1,150 Sq Ft
$173/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $150,000 $130 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,234/month

About This Home

As of November 2023

This multi-unit property features two 1-bedroom, 1-bath units on a spacious 2.1-acre lot. It boasts newer vinyl windows, a new furnace, and a newer well. Situated in a convenient location for commuters, it offers income potential with one unit currently vacant and the other tenant-occupied, generating $650 per month. The second unit has the potential to rent for $750 monthly, with tenants covering utilities. The landlord is responsible for garbage bill and the property is on well and septic systems. Taxes are only $1,890 a YEAR. With one unit vacant this could be a great opportunity for someone to live in one side, rent out the other and have over 2 acres of property to enjoy. Don't let this great opportunity pass you by.

Last Agent to Sell the Property

Karl Wehle

Realty Executives Premier License #RB14033019 Listed on: 10/31/2023

Realty Executives Premier

Last Buyer's Agent

Farris Gosea

Ellsbury Commercial Group LLC License #RB20000951

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,086

Year Built

  • Built in 1956

Lot Details

  • 2.18

Parking

  • 10 Parking Spaces

Home Design

  • Block Foundation
  • Concrete Siding

Interior Spaces

  • 1,150 Sq Ft Home
  • Elevator

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Enhanced Accessible Features
  • Accessibility Features

Schools

  • Portage High School

Additional Features

  • 2.18 Acre Lot
  • Well

Listing and Financial Details

  • Total Actual Rent $15,600
  • Tenant pays for electricity, gas
  • Assessor Parcel Number 640510278001000016

Community Details

Overview

  • 2 Units
  • Elk Acres Subdivision

Building Details

  • Insurance Expense $587
  • Trash Expense $792
  • New Taxes Expense $1,890
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,086

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1956
  • Reso Property Sub Type: Duplex
  • ResoLotFeatures: Agricultural, Open Lot
  • Road Surface Type: Gravel
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA1103
  • Subdivision Name: Elk Acres
  • Reso Accessibility Features: Enhanced Accessible
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • AccessibilityFeaturesYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Crawl Space
  • Flooring: Luxury Vinyl
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 2.18
  • Construction Type: Block, Concrete

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 10

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Well

Fee Information

  • Trash Expense: 792

Lot Info

  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 94961
  • ResoLotSizeUnits: Acres
  • Parcel #: 640510278001000016
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 587
  • Total Actual Rent: 15600

Tax Info

  • New Taxes Expense: 1890

MLS Schools

  • HighSchool: Portage High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Nov 13, 2023
Sold by
Fasel Mitchell
Bought by
Aey Llc
Seller's Agent
Karl Wehle
Realty Executives Premier
Buyer's Agent
Farris Gosea
Ellsbury Commercial Group LLC
List Price
$150,000
Sold Price
$150,000
Views
2
Current Estimated Value
$199,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,004
Avg. Annual Appreciation
16.04%

Purchase Details

Closed on
Jan 22, 2020
Sold by
Box Gary J
Bought by
Fasel Mitchell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2012
Sold by
Elk Enterprises Llc
Bought by
Box Gary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,681
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Aey Llc $150,000 Meridian Title
Fasel Mitchell $72,000 Community Title Company
Box Gary J -- Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fasel Mitchell $54,000
Previous Owner Box Gary J $65,681
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $150,000 0.0% $130 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $150,000 -- $130 / 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 $2,086 $106,200 $35,800 $70,400
2023 $1,890 $102,300 $34,000 $68,300
2022 $1,890 $92,500 $34,000 $58,500
2021 $1,199 $87,100 $34,000 $53,100
2020 $1,082 $78,000 $31,700 $46,300
2019 $1,084 $78,000 $31,700 $46,300
2018 $978 $75,500 $31,700 $43,800
2017 $946 $74,400 $31,700 $42,700
2016 $921 $71,700 $25,200 $46,500
2014 $904 $69,800 $25,300 $44,500
2013 -- $84,200 $25,300 $58,900
Source: Public Records

Agents Affiliated with this Home

  • Karl Wehle

    Seller's Agent in 2023

    Karl Wehle

    Realty Executives

    (219) 796-3983

    34 in this area

    469 Total Sales

    Karl Wehle
    Section Image
  • Farris Gosea

    Buyer's Agent in 2023

    Farris Gosea

    Ellsbury Commercial Group LLC

    (219) 393-9177

    13 in this area

    66 Total Sales

    Farris Gosea
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 540989

Northwest Indiana Association of REALTORS®

APN: 64-05-10-278-001.000-016

Indiana Porter County Portage 46368

5378 Clem Rd, Portage, IN

This home is located at 5378 Clem Rd, Portage, IN 46368 since 31 October 2023 and is currently estimated at $199,004, approximately $173 per square foot. This property was built in 1956. 5378 Clem Rd is a home located in Porter County with nearby schools including Crisman Elementary School, William Fegely Middle School, and Portage 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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