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4223 Olcott AVE East Chicago, IN 46312
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Key Details
Sold Price $145,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,508 sqft
Price per Sqft $57
MLS Listing ID 539529
Sold Date 01/29/24
Bedrooms 4
Full Baths 3
Year Built 1918
Lot Size 5,397 Sqft
Acres 0.1239
Lot Dimensions 5396
Property Sub-Type Triplex
Property Description
(NO SHOWINGS UNTIL NOVEMBER 1st) Welcome to this fantastic investment opportunity in East Chicago, IN! This multi-unit property, priced at $150,000, offers immense potential for both seasoned and aspiring real estate investors. The property features three usable units, each with long-standing tenants paying well below market rent, presenting an immediate opportunity for increased cash flow.Situated in a convenient location, this property includes an additional room in the attic, offering the potential for further development and additional income. Recent upgrades include new siding installed just three years ago, a new roof, and updated windows in 2015. The furnace, located both in the basement and attic, ensures efficient heating throughout the property.Furthermore, the property boasts newer electrical systems and a water heater installed in 2019, contributing to the overall low maintenance of the building. A detached garage and ample backyard space add to the property's appeal.
Location
State IN
County Lake
Interior
Interior Features Elevator
Fireplace N
Exterior
View Y/N true
View true
Others
Tax ID 450329206010000024
SqFt Source Owner
Acceptable Financing NRA20240111130356910247000000
Listing Terms NRA20240111130356910247000000
Financing Conventional
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Bought with Century 21 Circle
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