NOT LISTED FOR SALE

547 Rhode Island St Unit 549 Gary, IN 46402

Downtown Gary Neighborhood

Estimated Value: $196,000 - $393,000

6 Beds
3 Baths
5,271 Sq Ft
$58/Sq Ft Est. Value

Last Sold September 09, 2019

Last sale price $20,000 $4 Per Sq Ft

Est. 1,418% increase in value since last sale

Current estimated payment $1,935/month

25 Days on Market

About This Home

As of September 2019

Rehabber dream located near Metro center and Rail Cat Stadium. Complete this 3 unit apartment with the demolitions completed for you. Sold As Is; Where IS

Last Agent to Sell the Property

Nakia Dunlap

Residential Premier RealEstate License #RB14043553 Listed on: 06/21/2019

Last Buyer's Agent

Nakia Dunlap

Residential Premier RealEstate License #RB14043553 Listed on: 06/21/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 1.21 Acre Lot
  • Lot Dimensions are 42x125

Parking

  • 2.5 Car Detached Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 5,271 Sq Ft Home
  • Elevator
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 450803402008000004

Community Details

Overview

  • 3 Units
  • Gary Land Companys 01 Subdivision

Building Details

  • New Taxes Expense $1,339

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Reso Property Sub Type: Triplex
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA1427
  • Subdivision Name: Gary Land Companys 01
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Full
  • Flooring: None
  • Basement YN: Yes
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 1.21
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Detached

Utilities

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

Lot Info

  • Lot Dimensions: 42x125
  • Lot Size Sq Ft: 52708
  • ResoLotSizeUnits: Acres
  • Parcel #: 450803402008000004
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3

Tax Info

  • New Taxes Expense: 1339

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2025
Sold by
Vanglorious Holdings Llc
Bought by
Johnson Timothy C
Current Estimated Value
$303,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Outstanding Balance
$392,755
Interest Rate
6.72%
Mortgage Type
FHA
Estimated Equity
-$89,088

Purchase Details

Closed on
Nov 8, 2023
Sold by
Gates Michael
Bought by
Vanglorious Holdings Llc

Purchase Details

Closed on
Nov 6, 2023
Sold by
Gates Michael
Bought by
Vanglorious Holdings Llc

Purchase Details

Listed on
Jun 21, 2019
Closed on
Sep 9, 2019
Sold by
Jenkins Jennifer
Bought by
Gates Mike
Seller's Agent
Nakia Dunlap
Residential Premier RealEstate
Buyer's Agent
Nakia Dunlap
Residential Premier RealEstate
List Price
$20,000
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.21%

Purchase Details

Closed on
Jun 26, 2019
Sold by
Taiwane Payne and Itb Holdings
Bought by
Jenkins Jennifer

Purchase Details

Closed on
Dec 12, 2018
Sold by
Payne Taiwane and Itb Holdings
Bought by
Jenkins Jennifer

Purchase Details

Closed on
Mar 8, 2018
Sold by
Ross Wendell
Bought by
Payne Taiwane and Itb Holdings

Purchase Details

Closed on
Feb 3, 2018
Sold by
Muhammad Joshua and Muhammad Imani
Bought by
Ross Wendell

Purchase Details

Closed on
Nov 8, 2009
Sold by
Muhammad Patricia
Bought by
Muhammad Imani and Muhammad Joshua

Purchase Details

Closed on
Sep 11, 2009
Sold by
Deutsche Bank National Trust
Bought by
Muhammad Patricia

Purchase Details

Closed on
Jul 11, 2008
Sold by
Kimbrough Elizabeth and Kimbrough Calvin
Bought by
Deutsche Bank National Trust Co and Registered Holders Of Cdc Mortgage Capit

Purchase Details

Closed on
Jan 3, 2005
Sold by
Kimbrough Elizabeth and Kimbrough Calvin
Bought by
Kimbrough Elizabeth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Johnson Timothy C -- Chicago Title Insurance Compan
Vanglorious Holdings Llc -- None Listed On Document
Vanglorious Holdings Llc $350,000 None Listed On Document
Gates Mike -- Meridian Title Corp
Jenkins Jennifer $7,600 None Available
Jenkins Jennifer $7,600 None Available
Payne Taiwane $3,600 None Available
Ross Wendell -- None Available
Muhammad Imani -- None Available
Muhammad Patricia -- Meridian Title Corp
Deutsche Bank National Trust Co $53,475 None Available
Kimbrough Elizabeth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Timothy C $392,755
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2019 09/09/19 Sold $20,000 0.0% $4 / Sq Ft
08/10/2019 08/10/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $20,000 -- $4 / 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 $4,056 $48,000 $6,100 $41,900
2023 $1,127 $46,000 $5,500 $40,500
2022 $1,127 $44,000 $5,200 $38,800
2021 $1,045 $40,800 $5,200 $35,600
2020 $992 $38,700 $5,200 $33,500
2019 $834 $38,700 $5,200 $33,500
2018 $1,555 $82,800 $5,400 $77,400
2017 $1,339 $83,800 $5,400 $78,400
2016 $1,412 $87,600 $5,400 $82,200
2014 $1,576 $97,600 $6,600 $91,000
2013 $1,570 $100,500 $6,600 $93,900
Source: Public Records

Agents Affiliated with this Home

  • Nakia Dunlap

    Seller's Agent in 2019

    Nakia Dunlap

    Residential Premier RealEstate

    (219) 201-2859

    5 in this area

    57 Total Sales

    Nakia Dunlap
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 457373

Northwest Indiana Association of REALTORS®

APN: 45-08-03-402-008.000-004

Indiana Lake County Gary 46402 Downtown Gary

547 Rhode Island St Unit 549, Gary, IN

Not Listed for Sale

MultiFamily

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