Prime Value- 6 Unit Investment Opportunity in East Chicago, IN!This multifamily property offers tremendous potential with two separate buildings and a charming courtyard in between. Located just one block from a school, it presents a strong rental opportunity in a desirable area. Four of the six units are already tenant-occupied, providing immediate cash flow, while the property's fixer-upper status allows investors or owner-occupants to add value and increase returns. Conveniently situated near schools, shopping, and transportation, this is a great opportunity to build equity and maximize investment potential. This property is being sold as- is. Don't miss out on this income-generating asset with room for growth!
Property Features
Bedrooms
Other Rooms
- Total Rooms: 19
- Basement Features: Partially Finished
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- 1/2 Bathrooms: 1
Heating and Cooling
- Fireplace Features: Living Room
- Heating Features: Forced Air, Natural Gas
- Number of Fireplaces: 2
Exterior and Lot Features
- Balcony
- Front Porch
- Rear Porch
- Patio And Porch Features: Front Porch, Rear Porch
Land Info
- Lot Description: Back Yard
- Lot Size Acres: 0.122
- Lot Size Square Feet: 5314
Garage and Parking
- Parking Features: On Street
Homeowners Association
- Association Fee Frequency: Annual
- Pets Allowed: Cats OK, Dogs OK
Multi-Unit Info
- Number of Studio Units: 6
Rental Info
- Rent Includes: Electricity, Water, Trash Collection, Sewer, Gas
Other Property Info
- Annual Tax Amount: 3622
- Source Listing Status: Active Under Contract
- County: Lake
- Directions: Head north on US 20 Indianapolis Blvd, turn Left/ West on 148th Street, then head South on Baring Avenue
- Tax Year: 2023
- Source Property Type: Residential Income
- Property Subtype: condo
- Source Neighborhood: 4 / 7th Sw
- Owner Pays: All Utilities
- Parcel Number: 450329383010000024
- Subdivision: 4 / 7th Sw
- Township: North
- Property Subtype: Apartment
- Source System Name: C2C
Building and Construction
- Year Built: 1913
- Above Grade Finished Area: 3319
- Levels: Two
- Property Age: 112
- Property Condition: Fixer
Utilities
- Sewer: Public Sewer
- Water Source: Public
Accessibility Features