637 Park Ave Lafayette, IN 47904
Columbian Park NeighborhoodEstimated payment $1,637/month
Total Views
803
4
Beds
2
Baths
1,471
Sq Ft
$187
Price per Sq Ft
Highlights
- Hot Property
- Luxury Vinyl Tile Flooring
- Forced Air Heating System
- Corner Lot
About This Home
This two-unit rental property in Lafayette offers a solid investment opportunity. Each unit features 2 bedrooms and 1 full bath, with washer/dryer hookups in one unit. One tenant is already in place through June 2026, providing immediate rental income, while the second unit offers flexibility for owner occupancy or additional leasing potential, beginning January 1, 2026. Schedule a showing today to explore the potential of this income-producing property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,300
Year Built
- Built in 1901
Lot Details
- 3,598 Sq Ft Lot
- Lot Dimensions are 45x80
- Corner Lot
Parking
- 2 Parking Spaces
Home Design
- Duplex
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Laminate Countertops
- Unfinished Basement
Flooring
- Carpet
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Oakland Elementary School
- Sunnyside/Tecumseh Middle School
- Jefferson High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for building insurance, electric, heating, sewer, tax, trash collection, water
- Assessor Parcel Number 79-07-28-279-022.000-004
Community Details
Overview
- 2 Units
- Belt Ry Subdivision
Building Details
- Electric Expense $701
- Insurance Expense $1,300
- Water Sewer Expense $665
Map
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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 | $2,300 | $114,900 | $13,500 | $101,400 |
| 2023 | $1,446 | $72,200 | $13,500 | $58,700 |
| 2022 | $1,446 | $72,200 | $13,500 | $58,700 |
| 2021 | $1,447 | $72,200 | $13,500 | $58,700 |
| 2020 | $1,447 | $72,200 | $13,500 | $58,700 |
| 2019 | $1,447 | $72,200 | $16,200 | $56,000 |
| 2018 | $1,449 | $72,200 | $16,200 | $56,000 |
| 2017 | $1,448 | $72,200 | $16,200 | $56,000 |
| 2016 | $1,431 | $71,440 | $16,200 | $55,240 |
| 2014 | $1,360 | $67,800 | $16,200 | $51,600 |
| 2013 | $1,282 | $63,900 | $16,200 | $47,700 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/20/2025 12/20/25 | For Sale | $275,000 | +33.5% | $187 / Sq Ft | |
| 11/27/2023 11/27/23 | Sold | $206,000 | -8.4% | $140 / Sq Ft | View Prior Sale |
| 10/30/2023 10/30/23 | Pending | -- | -- | -- | |
| 10/20/2023 10/20/23 | For Sale | $225,000 | +63.6% | $153 / Sq Ft | |
| 04/04/2023 04/04/23 | Sold | $137,500 | -5.2% | $93 / Sq Ft | View Prior Sale |
| 03/22/2023 03/22/23 | Pending | -- | -- | -- | |
| 03/17/2023 03/17/23 | Price Changed | $145,000 | -12.1% | $99 / Sq Ft | |
| 03/03/2023 03/03/23 | For Sale | $165,000 | -- | $112 / Sq Ft |
Source: Indiana Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Metropolitan Title | |
| Warranty Deed | -- | Metropolitan Title | |
| Quit Claim Deed | -- | None Available | |
| Special Warranty Deed | -- | Federated Land Title Agency | |
| Sheriffs Deed | $49,125 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $144,200 | New Conventional | |
| Previous Owner | $102,000 | Commercial | |
| Previous Owner | $64,875 | Commercial |
Source: Public Records
About the Listing Agent
Energy, enthusiasm, and experience combine to make Cathy Russell the number one agent in the Lafayette area! In 2015, she earned the spot as the number one agent in the Lafayette Regional Association of Realtors by successfully closing more than 225 properties for more than $35M in sales volume in her 42nd year in the business.
Cathy began her Real Estate career in 1974 after graduating from Purdue University in home planning and working in the building industry. After raising her three
Cathy's Other Listings
Source: Indiana Regional MLS
MLS Number: 202549406
APN: 79-07-28-279-022.000-004
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