5629 Massachusetts St Merrillville, IN 46410
North Merrillville NeighborhoodEstimated payment $3,201/month
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Vinyl Flooring
- Neighborhood Views
- 2 Car Garage
About This Home
Welcome to 5629 Massachusetts Street in Merrillville, a solid brick four-unit multifamily property available mid-August. This well-maintained building offers a reliable rental history, recent updates, and opportunities for future value growth.The property includes four fully leased apartments. The bottom two units (1 and 2) feature brand-new tenants with one-year leases starting September 15. Unit 3 is a two-bedroom currently on a month-to-month lease with garage access, offering an excellent opportunity for updates and increased rent in the future. Unit 4 has a tenant with a newly renewed lease. Owner-paid utilities for the bottom two units include electric, gas, water, trash, and sewer, averaging about 400 per month. Additional income is generated by a coin-operated washer and dryer on site, which typically produces 70 to 100 per month.Recent improvements add to the appeal of this investment, including a new roof and gutters installed approximately four years ago, along with at least two new AC units. Each apartment comes equipped with its own range and refrigerator, all included in the sale.With excellent annual rent, plus laundry income, this property provides stable returns with clear upside potential. It is an excellent opportunity for investors seeking both immediate income and long-term growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,842
Year Built
- Built in 1973
Parking
- 2 Car Garage
Interior Spaces
- Vinyl Flooring
- Neighborhood Views
- Natural lighting in basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Laundry
- Laundry on lower level
- Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- 10,062 Sq Ft Lot
- Forced Air Heating and Cooling System
Listing and Financial Details
- The owner pays for electricity, trash collection, snow removal, sewer, management, gas
- Assessor Parcel Number 451203155007000030
Community Details
Overview
- No Home Owners Association
- 4 Units
- Hilldale Sub Subdivision
Pet Policy
- No Pets Allowed
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 | $5,417 | $232,700 | $59,000 | $173,700 |
| 2023 | $4,622 | $231,200 | $59,000 | $172,200 |
| 2022 | $4,622 | $231,100 | $59,000 | $172,100 |
| 2021 | $4,382 | $219,100 | $59,000 | $160,100 |
| 2020 | $4,174 | $208,700 | $59,000 | $149,700 |
| 2019 | $4,954 | $208,900 | $59,000 | $149,900 |
| 2018 | $5,229 | $208,900 | $59,000 | $149,900 |
| 2017 | $5,262 | $206,100 | $59,000 | $147,100 |
| 2016 | $5,006 | $205,900 | $59,000 | $146,900 |
| 2014 | $4,216 | $201,400 | $59,000 | $142,400 |
| 2013 | $4,143 | $190,000 | $59,000 | $131,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | For Sale | $499,000 | -- | $269 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | Great American Title Co | |
| Quit Claim Deed | -- | Ticor Mo | |
| Quit Claim Deed | -- | Ash Title Agency Llc | |
| Limited Warranty Deed | $167,550 | Ash Title Agency Llc | |
| Sheriffs Deed | $175,354 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $204,000 | Commercial | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $134,000 | Commercial |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 826811
APN: 45-12-03-155-007.000-030
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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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