BACK ON THE MARKET! This turnkey duplex presents an ideal opportunity for an owner-occupied investment. Boasting separate gas and electric meters for each unit, this property offers its independence for both units to generate income should you wish. With an impressive annual gross income of $35,000 last year, this duplex stands to its potential for robust returns. Both units have gone extensive updates in recent years and has been well maintained. Schedule your showing today before it's too late.
Closed
$270,000
1218 E Cleveland Ave, Hobart, IN 46342
4beds
1,920sqft
Duplex
Built in 1970
-- sqft lot
$307,700 Zestimate®
$141/sqft
$1,311 Estimated rent
Home value
$307,700
$292,000 - $326,000
$1,311/mo
Zestimate® history
Owner options
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$1,311/mo
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$1,311/mo
Rent Zestimate®
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$1,702/mo
Est. payment
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$1,702/mo
Est. payment
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List your homeWhat's special
Separate gasElectric meters
Zillow last checked:
Listing updated:
Listed by:
Tariq Suboh,
Generic Office,
Farris Gosea,
Listing Leaders Northwest
Bought with:
Ruza Jevtic, RB20001601
Realty Executives Premier
Jodi Gheaja, RB15000720
Realty Executives Premier
Source: NIRA as distributed by MLS GRID,MLS#: 543409
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Appliances
- Laundry: In Unit, Other
Features
- Elevator
- Has basement: Yes
Interior area
- Total structure area: 1,920
- Total interior livable area: 1,920 sqft
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Frontage length: 66
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
Details
- Parcel number: 450929479017000018
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & HOA
Location
- Region: Hobart
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $297,400
- Annual tax amount: $6,935
- Date on market: 2/28/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Lease Option
- Total actual rent: 35160
Price history
| Date | Event | Price |
|---|---|---|
| 2/8/2024 | Sold | $270,000-3.6%$141/sqft |
Source:  NIRA as distributed by MLS GRID #543409 Report a problem | ||
| 1/3/2024 | Listed for sale | $280,000-6.7%$146/sqft |
Source: NIRA as distributed by MLS GRID #543409 Report a problem | ||
| 12/18/2023 | Listing removed | -- |
Source: NIRA as distributed by MLS GRID #539571 Report a problem | ||
| 10/2/2023 | Listed for sale | $300,000$156/sqft |
Source: NIRA as distributed by MLS GRID #539571 Report a problem | ||
| 1/10/2022 | Sold | $300,000+1.7%$156/sqft |
Source: NIRA as distributed by MLS GRID #504870 Report a problem | ||
| 12/1/2021 | Listed for sale | $295,000+387%$154/sqft |
Source: NIRA as distributed by MLS GRID #504870 Report a problem | ||
| 5/5/2010 | Sold | $60,578$32/sqft |
Source: NIRA as distributed by MLS GRID #260811 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,935 -1.2% | $297,400 +2.6% |
| 2024 | $7,021 +6.7% | $289,900 -0.7% |
| 2023 | $6,582 +82.2% | $292,000 +7.1% |
| 2022 | $3,613 -2.5% | $272,600 +84.3% |
| 2021 | $3,706 -9.4% | $147,900 -3% |
| 2020 | $4,089 -5.9% | $152,400 -7.5% |
| 2019 | $4,344 +21.4% | $164,800 +6.5% |
| 2018 | $3,577 -42.2% | $154,800 +24% |
| 2017 | $6,187 | $124,800 -4% |
| 2016 | $6,187 +3.2% | $130,000 -36.2% |
| 2014 | $5,996 +7.3% | $203,800 +7.5% |
| 2013 | $5,586 -4.2% | $189,500 -2.2% |
| 2012 | $5,831 +95.7% | $193,700 +21.1% |
| 2011 | $2,979 +1.6% | $160,000 |
| 2010 | $2,932 | $160,000 |
| 2009 | -- | $160,000 -7.6% |
| 2007 | -- | $173,100 +34.3% |
| 2006 | -- | $128,900 |
| 2005 | -- | $128,900 |
| 2004 | -- | $128,900 +170.8% |
| 2003 | -- | $47,600 |
| 2002 | -- | $47,600 +199.9% |
| 2001 | -- | $15,870 |
Find assessor info on the county website
Neighborhood: Liberty
Nearby homes
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Nearby schools
GreatSchools rating
- 7/10Liberty Elementary SchoolGrades: 1-5Distance: 0.2 mi
- 6/10Hobart Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Hobart High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$307,700
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Estimated market value
$307,700
- Indiana
- Lake County
- Hobart
- 46342
- Liberty
- 1218 E Cleveland Ave
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