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$130,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 2 days ago
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Great income-producing opportunity in East Chicago! Perfect for investors or first-time buyers looking to offset their mortgage. This two-family home sits near the corner lot and offers a spacious 3-bedroom unit, and lower level 2-bedroom unit. Both include kitchen and bath updates, plus a large back porch perfect for added living space or storage. Major improvements include a newer roof, boiler, and hot water tank, giving you peace of mind as an owner. Whether you're looking to grow your portfolio or start investing, this property offers solid income potential in a convenient location.

Full Property Details for 4912 Melville Ave

General

  • Price: $130,000
  • Taxes: $1,128 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: GNIAR
  • MLS ID: 832864
  • Updated: 1/16/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: Laminate Counters
  • Appliances: None

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Location

  • County: Lake
  • Township: North
  • Subdivision: Northwest Quarter
  • Driving Directions: Take Indianapolis Blvd Turn right onto W Chicago Ave Turn right onto Melville Ave

School Information

  • High School District: City of East Chicago

Heating & Cooling

  • Heating Type: Hot Water

Structural Information

  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.0815
  • Lot Size (Sq. Ft.): 3,550
  • Lot Features: Back Yard, Near Public Transit, Landscaped

Financial Considerations

  • Tax Amount: $1,128
  • Tax Year: 2024
  • Terms: Cash, Other, Conventional

Disclosures and Reports

  • Legal Description: SUBDIV. N2. N.W. S.33 T.37 R.9 ALL L.5 BL.2
  • Property ID: 450333128028000024
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 4912 Melville Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4912 Melville Ave

School District:City of East Chicago School District
NameGradesDistance
East Chicago Central High School
1100 West Columbus Drive, East Chicago, IN 46312
9-121.6 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 4912 Melville Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Listed
$130,000
188.89%
MLS
5/17/2022
Sold
$45,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4912 Melville Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,216
-50%
$56,400
10%
2023
$2,444
220%
$51,200
18%
2022
$764
18%
$43,400
30%
2020
$648
30%
$33,300
6%
2019
$500
—
$31,500
4%
2019
$500
—
$30,300
4%
2018
$499
—
$29,100
1%
2017
$497
—
$28,700
-21%
2017
$497
-20%
$36,300
-15%
2016
$622
16%
$42,700
-2%
2015
$536
16%
$43,600
-4%
2013
$462
-9%
$45,500
1%
2012
$510
—
$45,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Weichert, Realtors-Moke Agency

4912 Melville Avenue, East Chicago, IN 46312 (MLS# 832864) is a Multi-Family property with units containing 5 bedrooms and 2 full bathrooms. 4912 Melville Avenue is currently listed for $130,000 and was received on January 16, 2026. This property is listed by Thomasina Wilson from our Northwest Indiana Office.Want to learn more about 4912 Melville 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.

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