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Mark Keene

mhkeene60@gmail.com +1(219) 292-3704

$ 184,999

Est. payment | -/mo

2 Beds

2 Baths

2,400 SqFt

Save

$ 184,999

Est. payment | -/mo

Save

2 Beds

2 Baths

2,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $77

Subdivision Park Add

MLS Listing ID 841435

Bedrooms 2

Full Baths 2

Year Built 1918

Annual Tax Amount $1,762

Tax Year 2024

Lot Size 4,303 Sqft

Property Sub-Type Duplex

Property Description

Don't miss this outstanding opportunity to add a solid income-producing property to your investment portfolio. This all-brick two-unit multifamily, 2 flat features two spacious units, each currently rented for 1,100 per month with long-term tenants already in place, providing immediate and consistent cash flow from day one. The property has seen numerous recent updates, including a brand-new roof, new white kitchen cabinetry in both units, new bathroom vanities, toilets, and bathtubs, newer flooring in the upper unit, updated plumbing and electrical, and both the sewer line and main sewer line have been replaced. Additional features include a 2-car all-brick detached garage and a fully fenced backyard, making this a low-maintenance investment with many major improvements already completed. Each unit is separately metered with its own gas and electric service, allowing tenants to pay their own utilities and helping maximize your return on investment. Looking to increase cash flow even further? The approximately 800-square-foot unfinished basement includes a 3/4 bathroom, laundry area, and several finished rooms. With the proper approvals, it offers exceptional value-add potential for additional living space or the possibility of creating a third rental unit, providing an opportunity to significantly increase future rental income. Location is another major advantage. With convenient access to major expressways and commuter routes, tenants can enjoy an easy commute to downtown Chicago while benefiting from the affordability of Northwest Indiana housing. Whether you're expanding your investment portfolio or searching for your next value-add multifamily property, this building offers the ideal combination of immediate rental income, extensive updates, long-term tenants, and future upside potential. Investment opportunities like this don't come around often.

Location

State IN

County Lake

Rooms

Basement Full, Unfinished

Interior

Interior Features None

Heating Hot Water

Cooling None

Fireplace No

Appliance None

Exterior

Parking Features Alley Access, Off Street, Detached, Garage Faces Rear

Garage Spaces 2.0

Utilities Available Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected

Roof Type Composition

Building

Lot Description Back Yard

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by New Chapter Real Estate

Nearby Locations

GET MORE INFORMATION

Mark Keene

Managing Broker | License ID: RB18001895

mhkeene60@gmail.com

+1(219) 292-3704

3709 Broadway #2, Gary, IN 46409

4008 Fir Street East Chicago, IN 46312

Mark Keene

Key Details

Location

Rooms

Interior

Exterior

Building

Others

4008 Fir Street