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3819 Melville Avenue

East Chicago, IN 46312
  • $193,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 502995
Price Reduced
UPDATED: 11 min ago
$193,000
  • 4
    BEDS
  • 0.07
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,360
    SQFT
  • $142
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

Description

Investors, 2 Houses on one lot! Both houses have 2 units with 2 bedrooms and 1 bathroom each totaling 8 bedrooms and 4 bathrooms. Front house estimated rent is $1100 for top unit and $1000 for bottom unit. Back house needs work before tenant occupancy. Common area washer and dryer. Estimated 11% Net cap rate not including the back building potential rents. Great investment opportunity!

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© 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Lisa Gaff Team | Berkshire Hathaway HomeServices Executive Group Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-11-28T20:52:35.2.
www.lisagaff.com/homes/122753482
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3819 Melville Avenue East Chicago, IN 46312

  • Price: $193,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 11 min ago
  • MLS #: 502995
4
Beds
2
Baths
0
½ Baths
0.07
Acres
1,360
SQFT
$142
$/SQFT
1924
Built
Neighborhood:
Michigan Ave Add
County:
Lake
Area:
East Chicago
Property Description
Investors, 2 Houses on one lot! Both houses have 2 units with 2 bedrooms and 1 bathroom each totaling 8 bedrooms and 4 bathrooms. Front house estimated rent is $1100 for top unit and $1000 for bottom unit. Back house needs work before tenant occupancy. Common area washer and dryer. Estimated 11% Net cap rate not including the back building potential rents. Great investment opportunity!
Exterior Features

Carport Spaces 0

Interior Features

Total Rooms 9

Property Features

Amenities Barrier Fee Access Municipal Water Yes Property Subtype1 Income Property Septic No Sewer Yes Transaction Type Sale Water 672 Well No

Listing information © 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
Listing courtesy of Jeff Mccormick of Mccormick Real Estate, Inc..

© 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Lisa Gaff Team | Berkshire Hathaway HomeServices Executive Group Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-11-28T20:52:35.2.
 
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Lisa Gaff Team | Berkshire Hathaway HomeServices Executive Group Real Estate
2612 Calumet Road
Valparaiso IN, 46304