NOT LISTED FOR SALE

7132 Madison Ave Hammond, IN 46324

Estimated Value: $184,000 - $241,052

2 Beds
3 Baths
2,590 Sq Ft
$82/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $104,800 $40 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,511/month

27 Days on Market

Highlights

  • Deck
  • Porch
  • Patio
  • Wood Flooring
  • Intercom
  • Home Security System

About This Home

As of May 2019

Attention Homebuyers & Investors! Motivated and ready to sell! This potential 3 bedroom 2 bathroom main floor home with upstairs 1 bedroom 1 bathroom apartment with private entrance is a must see! Updated bathrooms, new corian countertop & tile in lower kitchen featuring a pantry. Large family room addition in rear or could possibly be made into 2 bedrooms. Separate furnace for upper apartment, AC units for each, fenced in yard. Don't let this investment property pass you by!

Last Agent to Sell the Property

Laura Morey

Legacy Executive Realty, LLC License #RB14040887 Listed on: 04/09/2019

Last Buyer's Agent

Randy Hoyle

American Classic, Hoyle & Co. License #RB14016752

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,960 Sq Ft Lot
  • Lot Dimensions are 40 x 124
  • Fenced

Home Design

  • Brick Foundation
  • Block Foundation
  • Concrete Siding

Interior Spaces

  • 2,590 Sq Ft Home
  • Elevator
  • Basement

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Home Security

  • Home Security System
  • Intercom

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • TV Antenna

Listing and Financial Details

  • Total Actual Rent $650
  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 450612477024000023

Community Details

Pet Policy

  • Pets Allowed

Building Details

  • Insurance Expense $500
  • Maintenance Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $1,507
  • Net Operating Income $150

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

4,960 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Common Area
  • Road Surface Type: Concrete
  • ResoOtherEquipment: Intercom, TV Antenna
  • ResoSecurityFeatures: Security System
  • Income And Expenses Maintenance Expense: 100
  • Co List Office Mls Id: NRA1370
  • Subdivision Name: NONE
  • Reso Other Structures: Shed(s)
  • WaterExpense: 100.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Full, Sump Pump
  • Flooring: Carpet, Ceramic Tile, Hardwood, Linoleum, Tile, Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Fenced
  • Acres: 0.1139
  • Construction Type: Aluminum Siding, Block, Brick, Concrete
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 3

Utilities

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

Lot Info

  • Lot Dimensions: 40 x 124
  • Lot Size Sq Ft: 4960
  • Parcel #: 450612477024000023

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 500
  • Total Actual Rent: 650

Tax Info

  • New Taxes Expense: 1507

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2019
Closed on
May 8, 2019
Sold by
Gruszka William P and Gruszka Marie
Bought by
Ct Highland Llc
Seller's Agent
Laura Morey
Legacy Executive Realty, LLC
Buyer's Agent
Randy Hoyle
American Classic, Hoyle & Co.
List Price
$104,800
Sold Price
$104,800
Current Estimated Value
$212,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,463
Avg. Annual Appreciation
10.85%
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
Ct Highland Llc -- Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2019 05/10/19 Sold $104,800 0.0% $40 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
04/09/2019 04/09/19 For Sale $104,800 -- $40 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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
2025 $4,886 $235,400 $26,500 $208,900
2024 $8,451 $195,400 $26,500 $168,900
2023 $4,448 $176,800 $26,500 $150,300
2022 $4,448 $166,000 $26,500 $139,500
2021 $3,291 $121,400 $15,700 $105,700
2020 $3,349 $122,700 $15,700 $107,000
2019 $1,428 $115,800 $15,700 $100,100
2018 $1,539 $107,100 $15,700 $91,400
2017 $1,617 $101,500 $15,700 $85,800
2016 $1,091 $80,700 $15,700 $65,000
2014 $1,387 $98,400 $15,700 $82,700
2013 $1,298 $97,100 $15,700 $81,400
Source: Public Records

Agents Affiliated with this Home

  • Laura Morey

    Seller's Agent in 2019

    Laura Morey

    Legacy Executive Realty, LLC

    (219) 869-8847

    23 Total Sales

    Laura Morey
    Section Image

  • R

    Buyer's Agent in 2019

    Randy Hoyle

    American Classic, Hoyle & Co.

    (219) 838-2000

    7 in this area

    63 Total Sales

    Randy Hoyle
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 452575

Northwest Indiana Association of REALTORS®

APN: 45-06-12-477-024.000-023

Indiana Lake County Hammond 46324

7132 Madison Ave, Hammond, IN

Not Listed for Sale

MultiFamily

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Northwest Indiana Association of REALTORS® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple 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.
Based on information submitted to the MLS GRID

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