This rental property in Merrillville offers four residential units in the high demand rental market of Merrillville. This property is ideal for an investor seeking great cash flow with low maintenance needs & upside for rent increases.
Property Features
Bedrooms
Bedrooms: 9
Bathrooms
Total Bathrooms: 4
Full Bathrooms: 4
Appliances
Laundry Features: Main Level
Heating and Cooling
Heating Features: Forced Air
Exterior and Lot Features
Balcony
Land Info
Lot Size Acres: 0.466
Lot Size Square Feet: 20298
Garage and Parking
Garage Spaces: 4
Garage Description: Total Spaces: 4
Rental Info
Gross Income: 64680
Homeowners Association
Association Fee Frequency: Annual
Pets Allowed: Call
Other Property Info
Annual Tax Amount: 2315
Source Listing Status: Active Under Contract
County: Lake
Directions: Driving North on I-65, take Exit Ramp going West on 61st ave. Continue Straight for 1 mile. Take Taft st going north. After a block, turn left on W 58th ave. After another block turn left on Taft ave. After a half mile, the property in on the left.
Tax Year: 2023
Source Property Type: Residential Income
Property Subtype: condo
Source Neighborhood: Bon Aire Sub
Parcel Number: 451208102006000030
Subdivision: Bon Aire Sub
Township: Ross
Property Subtype: Apartment
Source System Name: C2C
Commercial Info
Operating Expense: 12852
Building and Construction
Year Built: 1972
Above Grade Finished Area: 4100
Levels: Two
Property Age: 53
Utilities
Sewer: Public Sewer
Water Source: Public
Property History
Property Price
Date
Event
Price
Price/Sq Ft
Source
08/18/2025
Listed
$552,000
-
NIRA
Property Tax
Year
Taxes
Land
added to
Additions
equals
Total assessments
2023
$2,314
$45,700
+
$199,800
=
$245,500
2022
$2,110
$38,100
+
$172,900
=
$211,000
2021
$1,917
$37,300
+
$154,400
=
$191,700
2020
$1,902
$34,900
+
$155,500
=
$190,400
2019
$2,250
$34,200
+
$156,200
=
$190,400
2018
$2,331
$34,200
+
$156,200
=
$190,400
2017
$2,442
$34,200
+
$156,200
=
$190,400
Neighborhood
Noise Level:Low
This home has a low noise level for the surrounding area
Commute Time:N/A
Explore Schools and Lifestyles around 2923 W 61st Pl