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$145,000
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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.
Full Property Details
Full Property Details for 4223 Olcott Ave
General
- Sold For: $145,000
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 539529
- Added to Site: 875 day(s) ago
Interior
- Number of Rooms: 10
- Interior Features: Elevator
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: Detached
Location
- County: Lake
- Township: North
- Subdivision: N/a
- Driving Directions: Continue on Magoun Ave. Drive to Olcott Ave, Turn left onto Magoun Ave, Turn right onto W 144th St, Turn left onto Olcott Ave.
Structural Information
- Square Feet: 2,508
- Year Built: 1918
Lot Features
- Lot Size (Acres): 0.1239
- Lot Size (Sq. Ft.): 5,396
- Lot Dimensions: 5396
Financial Considerations
- Terms: Conventional
Disclosures and Reports
- Legal Description: Legal Description: RESUBDIV. PT. N.E. S.29 T.37 R.9 S2. L.15 BL.5 ALL L.16 BL.5
- Property ID: 450329206010000024
Listed by Realty Executives Premier
Sold by Century 21 Circle
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Schools
Schools serving 4223 Olcott Ave
School District:City of East Chicago School District
| Name | Grades | Distance |
|---|---|---|
East Chicago Central High School 1100 West Columbus Drive, East Chicago, IN 46312 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4223 Olcott Ave
Date
Details
Price
Change
Source
1/29/2024
Sold
$145,000
-3.33%
MLS
10/03/2023
Listed
$150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4223 Olcott Avenue, East Chicago, IN 46312 (MLS# 539529) is a Multi-Family property that was sold at $145,000 on January 29, 2024. Want to learn more about 4223 Olcott Avenue? Do you have questions about finding other Multi-Family real estate for sale in East Chicago? You can browse all East Chicago real estate or contact a Coldwell Banker agent to request more information.

