NOT LISTED FOR SALE

840 Georgia St Gary, IN 46402

Downtown Gary Neighborhood

Estimated Value: $65,000 - $109,000

4 Beds
2 Baths
1,824 Sq Ft
$46/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $67,500 $37 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $562/month

14 Days on Market

Highlights

  • 4 Car Detached Garage
  • Home Security System
  • Satellite Dish
  • Porch
  • Laundry Facilities
  • Carpet

About This Home

As of October 2021

Looking to add a beautiful brick duplex to your real estate portfolio? This one is worth a look! With a little bit of TLC, you could be enjoying positive cash flow very quickly. NIPSCO and water separately metered. Property was utilized as a single-family home. Both units are legal units with two exits each. This is an AS IS sale. Cash or conventional only.

Last Agent to Sell the Property

Kristin Trzoski

Advanced Real Estate, LLC License #RB14036260 Listed on: 09/02/2021

Last Buyer's Agent

Jeff McCormick

McCormick Real Estate, Inc. License #RB14033291

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 3,746 Sq Ft Lot
  • Lot Dimensions are 30x125

Parking

  • 4 Car Detached Garage

Home Design

  • Brick Foundation

Interior Spaces

  • 1,824 Sq Ft Home
  • Elevator
  • Home Security System
  • Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Porch
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Assessor Parcel Number 450803383026000004

Community Details

Overview

  • 2 Units
  • Gary Land Companys 01 Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Building Details

  • Electric Expense $1,200
  • Insurance Expense $1,000
  • Water Sewer Expense $800
  • New Taxes Expense $392

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Year Built: 1922
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Common Area
  • ResoOtherEquipment: Satellite Dish
  • ResoSecurityFeatures: Security System
  • Co List Office Mls Id: NRA1984
  • Subdivision Name: Gary Land Companys 01
  • Garage Yn: Yes
  • WaterExpense: 800.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Full
  • Flooring: Carpet, Luxury Vinyl, Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.086
  • Construction Type: Brick
  • Patio And Porch Features: Porch

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Detached

Utilities

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

Lot Info

  • Lot Dimensions: 30X125
  • Lot Size Sq Ft: 3746
  • Parcel #: 450803383026000004

Rental Info

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

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 1200
  • Insurance Expense: 1000

Tax Info

  • New Taxes Expense: 392

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2021
Closed on
Oct 28, 2021
Sold by
Smith Norma Jean and Smith Alphonzo
Bought by
Spm Consulting Inc
Seller's Agent
Kristin Trzoski
Advanced Real Estate, LLC
Buyer's Agent
Jeff McCormick
McCormick Real Estate, Inc.
List Price
$67,500
Sold Price
$67,500
Current Estimated Value
$84,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,732
Avg. Annual Appreciation
5.36%

Purchase Details

Listed on
Sep 2, 2021
Closed on
Oct 20, 2021
Sold by
Smith Norma Jean and Smith Alphonzo
Bought by
Spm Consulting Inc
Seller's Agent
Kristin Trzoski
Advanced Real Estate, LLC
Buyer's Agent
Jeff McCormick
McCormick Real Estate, Inc.
List Price
$67,500
Sold Price
$67,500

Purchase Details

Closed on
Apr 29, 2020
Sold by
Smith Norma Jean and Smith Tyrone
Bought by
Smith Norma Jean and Smith Alphonzo
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Spm Consulting Inc -- Greater Indiana Title Company
Spm Consulting Inc -- Greater Indiana Title Co
Smith Norma Jean -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2021 10/20/21 Sold $67,500 0.0% $37 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $67,500 -- $37 / 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
2025 $1,506 $66,300 $4,800 $61,500
2024 $4,946 $57,900 $4,800 $53,100
2023 $1,415 $56,100 $4,000 $52,100
2022 $1,348 $52,600 $3,700 $48,900
2021 $422 $48,500 $3,700 $44,800
2020 $392 $45,800 $3,700 $42,100
2019 $394 $46,000 $3,700 $42,300
2018 $428 $48,500 $3,900 $44,600
2017 $436 $49,200 $3,900 $45,300
2016 $451 $51,500 $3,900 $47,600
2014 $700 $75,200 $4,700 $70,500
2013 $693 $77,500 $4,700 $72,800
Source: Public Records

Agents Affiliated with this Home

  • Kristin Trzoski

    Seller's Agent in 2021

    Kristin Trzoski

    Advanced Real Estate, LLC

    (708) 701-1196

    3 in this area

    125 Total Sales

    Kristin Trzoski
    Section Image
  • Jeff McCormick

    Buyer's Agent in 2021

    Jeff McCormick

    McCormick Real Estate, Inc.

    (219) 613-5643

    21 in this area

    695 Total Sales

    Jeff McCormick
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 500213

Northwest Indiana Association of REALTORS®

APN: 45-08-03-383-026.000-004

Indiana Lake County Gary 46402 Downtown Gary

840 Georgia St, Gary, IN

Not Listed for Sale

MultiFamily

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