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Presented by: Ellsbury Commercial Group LLC Powered by Highrises

3615 W 73rd Ct, Merrillville, IN 46410 listing image 1

For Sale

$500,000

3615 W 73rd Ct, Merrillville, IN 46410

10Beds
8Baths
-SqFt

10Beds
8Baths
-SqFt

Property Type
Condo
Year Built
1971
On highrises
55 Days

Property Details

Great Investment! This 4-unit townhouse package in the high demand town of Merrillville, IN is the investment opportunity you've been looking for. 3 of the 4 units are currently occupied. The property boasts strong annual income. Two townhomes have 3 large bedrooms, Two have 2 bedrooms, & all have 1 and a half bathrooms. All have been updated over the years. This property has been well maintained and cared for by professionals over the past several years, which is an ideal situation for post-acquisition. Tenants pay for their own gas, electric, water, while the landlord only pays for sewer and trash. Each townhome can be separately parceled out, which adds another interesting option for the future.

Property Features

Bedrooms

Bedrooms: 10

Bathrooms

Full Bathrooms: 4
1/2 Bathrooms: 4

Heating and Cooling

Heating Features: Baseboard

Land Info

Lot Size Acres: 0.376
Lot Size Source: Appraiser
Lot Size Square Feet: 16379

Rental Info

Gross Income: 62000

Homeowners Association

Pets Allowed: Call

Other Property Info

Annual Tax Amount: 9284
Source Listing Status: Pending
County: Lake
Cap Rate: 8.02
Directions: Driving North on I-65, take Exit Ramp going West on 30. After 2 miles mile turn right on Whitcomb then a right on Noble st. then take a left on 73rd ct. Property is on the left.
Tax Year: 2024
Source Property Type: Residential Income
Source Neighborhood: Southbrook Sub Un 1
Parcel Number: 451218403011000030
Subdivision: Southbrook Sub Un 1
Township: Ross
Property Subtype: Apartment

Commercial Info

Net Operating Income: 40000

Building and Construction

Year Built: 1971
Above Grade Finished Area: 4680
Levels: Two
Property Age: 54
Levels or Stories: Two
Total Above Grade Sqft Area: 4680

Utilities

Sewer: Public Sewer
Water Source: Public

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
10/08/2025	Listed	$500,000	-	NIRA
07/17/2024	Listing removed	-	-	NIRA
06/25/2024	Listed	$519,000	-	NIRA
05/10/2023	Sold	$441,000	$94	Public Record
12/05/2019	Sold	$277,000	$59	NIRA
02/27/2002	Sold	$210,000	-	NIRA

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2024	$8,153	$74,900	+	$334,700	=	$409,600
2022	$4,717	$74,900	+	$161,900	=	$236,800
2021	$4,662	$74,900	+	$158,900	=	$233,800
2020	$4,283	$40,100	+	$175,300	=	$215,400
2019	$5,103	$40,100	+	$171,400	=	$211,500
2018	$5,254	$40,100	+	$165,000	=	$205,100
2017	$5,223	$40,100	+	$163,700	=	$203,800

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
7135 Grant St	$309.9K	3	3	1616	6534
7127 Grant St	$284.3K	2	3	1616	1616
2021 W 75th Pl Unit 17	$169.9K	2	2	1320	1320
5788 Adams St	$335K	4	3	2600	6970
6309 Ellsworth Pl	$160K	2	2	960	960
7005 Fillmore Dr	$114.9K	2	1	1044	1044

Presented by:
Andrew Page
state license#RB24000716

Brokered by:
Ellsbury Commercial Group LLC
(219) 200-5133

Data Source:

NIRA

Source's Property ID:

829033

Data Source Copyright:

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$500,000

3615 W 73rd Ct, Merrillville, IN 46410