5489 Aspen Ave Unit 91 Portage, IN 46368
Estimated payment $1,492/month
About This Home
This rental property offers 2 residential units in the high demand rental market of Portage. This property is ideal for an investor seeking great cash flow with low maintenance needs & upside for rent increases.We will be hosting a property tour here on Thursday September 11th from 1:30-2:30pm.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,761
Year Built
- Built in 1968
Interior Spaces
- 1,736 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating System
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $7,239
- Gross Income $24,000
- Net Operating Income $16,761
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,801 | $142,400 | $23,700 | $118,700 |
| 2023 | $2,473 | $137,800 | $22,500 | $115,300 |
| 2022 | $2,433 | $121,400 | $22,500 | $98,900 |
| 2021 | $2,298 | $112,600 | $22,500 | $90,100 |
| 2020 | $2,028 | $99,100 | $20,400 | $78,700 |
| 2019 | $2,031 | $99,200 | $20,400 | $78,800 |
| 2018 | $2,083 | $101,800 | $20,400 | $81,400 |
| 2017 | $2,030 | $99,200 | $20,400 | $78,800 |
| 2016 | $1,944 | $94,900 | $18,700 | $76,200 |
| 2014 | $1,900 | $93,000 | $18,800 | $74,200 |
| 2013 | -- | $89,300 | $18,800 | $70,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/09/2025 10/09/25 | Price Changed | $239,000 | -4.0% | $138 / Sq Ft |
| 09/19/2025 09/19/25 | Price Changed | $249,000 | -4.6% | $143 / Sq Ft |
| 09/15/2025 09/15/25 | Price Changed | $261,000 | -3.7% | $150 / Sq Ft |
| 09/02/2025 09/02/25 | For Sale | $271,000 | -- | $156 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $165,750 | Chicago Title | |
| Warranty Deed | $165,750 | Chicago Title | |
| Deed | -- | None Available | |
| Deed | -- | None Available |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 827054
APN: 64-05-23-302-005.000-016
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.
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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