This 4-unit apartment building in Portage is fully updated and rehabbed inside and out. 30 min away from IL and MI border, less than 1 hour away from Downtown Chicago. Each unit is occupied, and the current gross income is about $47,820 annually. All units have one bedroom, 1 bathroom, & a large living room and kitchen. This property is professionally managed, which is an ideal situation for post-acquisition. The owner pays very little for utilities, tenants pay for almost all. This investment property projects to be a 9.5%+ cap rate after a few simple moves. Reach out for detailed data, and to schedule a viewing of the property now!
Closed
$450,000
5881 Fiesta Ave Unit 4, Portage, IN 46368
4beds
--sqft
Quadruplex
Built in 1997
-- sqft lot
$488,500 Zestimate®
$--/sqft
$1,623 Estimated rent
Home value
$488,500
$440,000 - $547,000
$1,623/mo
Zestimate® history
Owner options
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$1,623/mo
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$1,623/mo
Rent Zestimate®
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$2,734/mo
Est. payment
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$2,734/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Xever Lemieux,
Ellsbury Group 219-200-5133,
Andrew Page,
Ellsbury Group
Bought with:
Farris Gosea, RB20000951
Ellsbury Group
Tariq Suboh, RB20000815
Ellsbury Group
Source: NIRA as distributed by MLS GRID,MLS#: 806780
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Appliances
- Included: Dryer, Washer, Refrigerator, Microwave, Free-Standing Gas Range
- Laundry: In Unit
Features
- None
Interior area
- Finished area above ground: 2,700
Property
Parking
- Parking features: Common, Parking Lot
Features
- Levels: Two
- Patio & porch: Deck
- Exterior features: None
- Fencing: Partial,Wood
Lot
- Size: 0.34 Acres
- Features: Level
Details
- Parcel number: 640523480001.000016
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Villa Manor
Location
- Region: Portage
Financial & listing details
- Annual tax amount: $4,301
- Date on market: 12/4/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,FHA,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Listing removed | $995 |
Source: Zillow Rentals Report a problem | ||
| 3/14/2026 | Listed for rent | $995-9.5% |
Source: Zillow Rentals Report a problem | ||
| 2/27/2025 | Listing removed | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 2/10/2025 | Listed for rent | $1,100-7.9% |
Source: Zillow Rentals Report a problem | ||
| 2/2/2025 | Listing removed | $1,195 |
Source: Zillow Rentals Report a problem | ||
| 12/27/2024 | Listed for rent | $1,195+9.1% |
Source: Zillow Rentals Report a problem | ||
| 12/4/2024 | Sold | $450,000 |
Source:  NIRA as distributed by MLS GRID #806780 Report a problem | ||
| 9/12/2024 | Listed for sale | $450,000 |
Source: NIRA as distributed by MLS GRID #806780 Report a problem | ||
| 8/19/2024 | Listing removed | -- |
Source: NIRA as distributed by MLS GRID #806780 Report a problem | ||
| 7/12/2024 | Listed for sale | $450,000 |
Source: NIRA as distributed by MLS GRID #806780 Report a problem | ||
| 7/11/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/2/2024 | Listed for rent | $1,095 |
Source: Zillow Rentals Report a problem | ||
| 7/8/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/22/2023 | Listed for rent | $1,095 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 46368
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Nearby schools
GreatSchools rating
- 3/10Central Elementary SchoolGrades: K-5Distance: 1.3 mi
- 6/10William Fegely Middle SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Portage High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$488,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$488,500
- Indiana
- Porter County
- Portage
- 46368
- 5881 Fiesta Ave Unit 4
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