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Presented by: Ellsbury Commercial Group LLC Powered by Highrises

3620 W 73rd Ct, Merrillville, IN 46410 listing image 1

For Sale

$460,000

3620 W 73rd Ct, Merrillville, IN 46410

6Beds
4Baths
-SqFt

6Beds
4Baths
-SqFt

Property Type
Condo
Year Built
1971
On highrises
55 Days

Property Details

Investment Opportunity! This 4-unit apartment building in the high demand town of Merrillville, IN is the investment opportunity you've been looking for. Each unit is occupied, and the property has a strong annual operating income. 3 apartments have 2 large bedrooms & 1 bathroom. 1 unit has 1 bedroom and a bathroom. 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 and electricity, while the landlord only pays for sewer, water, and trash.

Property Features

Bedrooms

Bedrooms: 6

Bathrooms

Full Bathrooms: 4

Heating and Cooling

Heating Features: Forced Air
Heating: Yes

Land Info

Lot Size Acres: 0.468
Lot Size Source: Appraiser
Lot Size Square Feet: 20386

Rental Info

Gross Income: 54900

Homeowners Association

Pets Allowed: Call

Other Property Info

Annual Tax Amount: 9001
Source Listing Status: Pending
County: Lake
Cap Rate: 7.83
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 right.
Tax Year: 2024
Source Property Type: Residential Income
Source Neighborhood: Southbrook #1
Owner Pays: Common Area Maintenance, Water, Trash Collection, Taxes, Snow Removal, Sewer, Roof Maintenance, Repairs, Pest Control, Management, Janitorial Service, Insurance, HVAC Maintenance, Grounds Care, Exterior Maintenance
Parcel Number: 451218402008000030
Subdivision: Southbrook #1
Township: Ross
Property Subtype: Apartment

Commercial Info

Net Operating Income: 35000

Building and Construction

Year Built: 1971
Above Grade Finished Area: 3306
Levels: Two
Living Area Source: Appraiser
Property Age: 54
Levels or Stories: Two
Total Above Grade Sqft Area: 3306

Utilities

Sewer: Public Sewer
Water Source: Public

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
10/08/2025	Listed	$460,000	-	NIRA
08/20/2024	Listing removed	-	-	NIRA
06/25/2024	Listed	$459,000	-	NIRA
03/12/2024	Listing removed	$835	$1	NIRA
05/09/2023	Sold	$850,000	$257	Public Record
03/16/2019	Listing removed	$835	$1	NIRA
03/07/2019	Price Changed for rent	$835	$1	NIRA

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2024	$8,063	$79,900	+	$325,200	=	$405,100
2022	$4,364	$79,900	+	$138,300	=	$218,200
2021	$4,074	$79,900	+	$123,800	=	$203,700
2020	$3,728	$51,000	+	$135,400	=	$186,400
2019	$4,533	$51,000	+	$132,300	=	$183,300
2018	$4,682	$51,000	+	$127,000	=	$178,000
2017	$4,587	$46,900	+	$127,000	=	$173,900

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:

829034

Data Source Copyright:

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$460,000

3620 W 73rd Ct, Merrillville, IN 46410