112-128 S 15th Street, Chesterton, IN 46304

$825,000
Property Type: Residential Income Bedrooms: 16 Baths: 16 Square Footage: 9,720 Lot Size (sq. ft.): 24,829 Status: Closed
Current Price: $825,000 List Date: 7/23/2018 Last Modified: 2/22/2024

Overview

Description

Chesterton, 2 fully occupied, four-unit buildings. Each unit has its own attached 1 car over-sized garage with remote. Each building includes 1- 2 Bedroom/2 Bath unit and 3- 2 Bedroom/1.5 Bath units. Each unit has its own laundry. Fully occupied with good tenant history. This property has a gross annual income of $82,200, with a cap rate of 7%.

Listing Details MLS# 439490

General Property Information

Number Of Units Total
8
Bedrooms Total
16
Bathrooms Full
10
Bathrooms Half
6
Rooms Total
48
Bathrooms Total
16
Living Area
9720
Living Area Source
Assessor
Year Built
1997
Garage YN
Yes
Garage Spaces
8
Parking Total
16
Accessibility Features YN
Yes
Lot Size Units
Acres
Lot Size Acres
0.57
Lot Size Square Feet
24829
Lot Size Dimensions
irr
Basement YN
No
Bathrooms Three Quarter
0
Carport Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Basement: Crawl Space Construction Materials: Vinyl Siding Cooling: Central Air Exterior Features: Storage Flooring: Carpet; Ceramic Tile; Vinyl Heating: Forced Air; Natural Gas Interior Features: Elevator Laundry Features: In Unit; Other Lease Type: Net Listing Terms: Cash; Conventional; Lease Option Parking Features: Attached; Off Street Patio And Porch Features: Porch Pets Allowed: Yes Rent Includes: None Road Surface Type: Asphalt Tenant Pays: Electricity; Gas; Sewer; Water Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
898000
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
112-128
Street Direction Prefix
S
Street Name
15th
Street Suffix
Street
County
Porter
State
IN
Postal Code
46304
Subdivision Name
Chicago Porter Home

Remarks and Miscellaneous

Public Remarks
Chesterton, 2 fully occupied, four-unit buildings. Each unit has its own attached 1 car over-sized garage with remote. Each building includes 1- 2 Bedroom/2 Bath unit and 3- 2 Bedroom/1.5 Bath units. Each unit has its own laundry. Fully occupied with good tenant history. This property has a gross annual income of $82,200, with a cap rate of 7%.

Status Change Information

Major Change Timestamp
2018-11-14T13:39:32Z
Major Change Type
Status Change
Status Change Timestamp
2018-11-14
Offer Acceptance Date
2018-11-13
Close Date
2018-11-14
Close Price
825000
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Expense Year
2017
Gross Scheduled Income
82200
Insurance Expense
3470
Net Operating Income
63664
New Taxes Expense
9446
Other Expense
3220
Total Actual Rent
82200
Electric Expense
0
Gross Income
0
Maintenance Expense
0
Manager Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Trash Expense
0
Water Expense
0

Unit Details

Number Of Two Bedroom Units
8
Number Of Apartments
8

Unit 1

Unit Description
112
Unit Number
Yes
Identical Units
6
Square Feet
1200
Rent
800
# Of Rooms
2

Unit 2

Unit Description
114
Unit Number
2
Identical Units
6
Square Feet
1200
Rent
775
# Of Rooms
2

Unit 3

Unit Description
116
Unit Number
3
Identical Units
6
Square Feet
1200
Rent
875
# Of Rooms
2

Unit 4

Unit Description
118
Unit Number
4
Identical Units
2
Square Feet
1260
Rent
975
# Of Rooms
2

Unit 5

Unit Description
122
Unit Number
5
Identical Units
6
Square Feet
1200
Rent
875
# Of Rooms
2

Unit 6

Unit Description
124
Unit Number
6
Identical Units
6
Square Feet
1200
Rent
850
# Of Rooms
2

Unit 7

Unit Description
126
Unit Number
7
Identical Units
6
Square Feet
1200
Rent
900
# Of Rooms
2

Unit 8

Unit Description
128
Unit Number
8
Identical Units
2
Square Feet
1260
Rent
850
# Of Rooms
2

Showing Requirements

Showing Instructions
48 Hours minimum for all showings. Contact Agent to schedule

Historical Information

Public Historical Remarks
Array, Lease Type: Net

Location, Tax, and Legal

Postal Code +4
2022
Tax Assessed Value
0
Tax Legal Description
Legal Description: Chicago Porter Home Inv.co.first edition lot 6-14, block 4 and 16, VAC ALY
Parcel Number
640335429002000023
Township
Westchester
Directions
Meridian N from Valpo, turn left onto W Porter Ave, turn right onto S 15th St.

Appliances

Dishwasher
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Basement

Crawl Space
Yes

Construction Materials

Vinyl Siding
Yes

Cooling

Central Air
Yes

Exterior Features

Storage
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Vinyl
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Interior Features

Elevator
Yes

Laundry Features

In Unit
Yes
Other
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Lease Option
Yes

Lock Box Information

Lock Box Serial Number
No

Parking Features

Attached
Yes
Off Street
Yes

Patio And Porch Features

Porch
Yes

Road Surface Type

Asphalt
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Lease Type

Net
Yes

Pets Allowed

Yes
Yes

Rent Includes

None
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Sewer
Yes
Water
Yes
Listing Office: Seramur Properties, LLC
Last Updated: February - 22 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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