Price Reduction - Fixer Upper
Address
3819 Melville Avenue East Chicago, IN
Price
$ 188,000
Property Attributes
  • MLS#502995
  • TypeMulti-Family
  • CountyLAKE
  • CityEast Chicago
  • NeighborhoodMichigan Ave Add
  • Zip46312
  • StyleIncome Property
  • Price$ 188,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1360
  • Lot Size3,001 SqFt
Listing Provided Courtesy Of:
Jeff McCormick with McCormick Real Estate, Inc.
Data Source:
Greater Northwest Indiana MLS (GNIAR)
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!

Price History
10/26/2021 Listed $195,000
11/19/2021 1% - $194,000
11/22/2021 1% - $193,000
12/20/2021 2% - $190,000
1/15/2022 1% - $189,000
1/18/2022 1% - $188,000

General Features

Exterior Features Vinyl
Garage Spaces 0.0
Lot Size Square Feet 3001.00
Property SubType Income Property
Property Type Multi Unit/Income
Subdivision Name Michigan Ave Add
Transaction Type Sale
Year Built 1924

Interior Features

Living Area 1360.00
Total Bedrooms 4

Exterior Features

Bathrooms 2.00
Municipal Water Yes
Septic No
Well No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 46312

Price
AVG $250K
$190K
Visits
AVG 53
33
Year Built
AVG 1913
1924
Walkscore
AVG 62
22
Data Provided by Walkscore ® not using MLS data

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