(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.
Closed
$145,000
4223 Olcott Ave, East Chicago, IN 46312
4beds
2,508sqft
Triplex
Built in 1918
-- sqft lot
$209,600 Zestimate®
$58/sqft
$1,135 Estimated rent
Home value
$209,600
$180,000 - $239,000
$1,135/mo
Zestimate® history
Owner options
List your home for rent
$1,135/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,135/mo
Rent Zestimate®
Refinance and save
$731/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$731/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Detached garageNewer electrical systemsAmple backyard spaceNew roofUpdated windowsNew siding installed
Zillow last checked:
Listing updated:
Listed by:
Christian Medina,
Realty Executives Premier 219-462-2224,
Alexander Nickla,
Realty Executives Premier
Bought with:
Nancy Esqueda, RB14036641
Century 21 Circle
Source: NIRA as distributed by MLS GRID,MLS#: 539529
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Elevator
- Basement: Crawl Space,Full
Interior area
- Total structure area: 2,508
- Total interior livable area: 2,508 sqft
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Fencing: Fenced
- Frontage length: 38
Lot
- Size: 5,397 Square Feet
- Dimensions: 5396
Details
- Parcel number: 450329206010000024
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & HOA
Location
- Region: East Chicago
Financial & listing details
- Price per square foot: $58/sqft
- Tax assessed value: $116,300
- Annual tax amount: $970
- Date on market: 2/28/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Month To Month
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 1/29/2024 | Sold | $145,000-3.3%$58/sqft |
Source:  NIRA as distributed by MLS GRID #539529 Report a problem | ||
| 10/3/2023 | Listed for sale | $150,000$60/sqft |
Source: NIRA as distributed by MLS GRID #539529 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $970 +17.9% | $116,300 +9.1% |
| 2024 | $823 +34% | $106,600 +8.4% |
| 2023 | $614 +16.7% | $98,300 +14.6% |
| 2022 | $526 +6.9% | $85,800 +27.7% |
| 2021 | $492 +11.3% | $67,200 +6.7% |
| 2020 | $442 -28.5% | $63,000 +9.6% |
| 2019 | $618 -2.5% | $57,500 +6.5% |
| 2018 | $634 +54.2% | $54,000 -1.6% |
| 2017 | $411 | $54,900 +1.9% |
| 2016 | $411 -3.9% | $53,900 +6.9% |
| 2014 | $428 -14.7% | $50,400 -11.1% |
| 2013 | $502 -27.9% | $56,700 -13.3% |
| 2012 | $695 -6.5% | $65,400 +2.5% |
| 2011 | $744 +25.7% | $63,800 +17.7% |
| 2010 | $592 | $54,200 -29.3% |
| 2009 | -- | $76,700 -3.3% |
| 2007 | -- | $79,300 +10.3% |
| 2006 | -- | $71,900 |
| 2005 | -- | $71,900 |
| 2004 | -- | $71,900 +611.9% |
| 2003 | -- | $10,100 |
| 2002 | -- | $10,100 |
Find assessor info on the county website
Neighborhood: Northside
Nearby homes
- $165,0002 bd1 ba1.4k sqft4219 Olcott Ave, East Chicago, IN 46312Sold
- $--2 bd1 ba1.4k sqft4219 Olcott Ave #2, East Chicago, IN 46312Off Market
- $190,2003 bd1 ba1.1k sqft4225 Olcott Ave, East Chicago, IN 46312Off Market
- $116,4003 bd1 ba1.1k sqft4217 Olcott Ave, East Chicago, IN 46312Off Market
- $121,3003 bd1 ba1.1k sqft4229 Olcott Ave, East Chicago, IN 46312Off Market
- $111,8003 bd2 ba1.4k sqft4215 Olcott Ave, East Chicago, IN 46312Off Market
- $139,2003 bd2 ba1.3k sqft4231 Olcott Ave, East Chicago, IN 46312Off Market
- $131,5003 bd1 ba954 sqft4213 Olcott Ave, East Chicago, IN 46312Off Market
Nearby schools
GreatSchools rating
- 5/10Benjamin Harrison Elementary SchoolGrades: K-6Distance: 0.3 mi
- 4/10Joseph L Block Jr High SchoolGrades: 7-8Distance: 2 mi
- 2/10East Chicago Central High SchoolGrades: 9-12Distance: 0.4 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Indiana
- Lake County
- East Chicago
- 46312
- Northside
- 4223 Olcott Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other East Chicago Topics
