227-229 Carroll Street, Hammond, IN 46320

$1,110,000
Property Type: Residential Income Bedrooms: 15 Baths: 15 Square Footage: 14,904 Lot Size (sq. ft.): 13,634 Status: Closed
Current Price: $1,110,000 List Date: 10/10/2022 Last Modified: 2/23/2024

Overview

Description

GREAT ALL BRICK 15 UNIT BUILDING WITH LOT ON THE SIDE FOR PARKING. THE LOT WAS PREPARED FOR BLACKTOP IN 2021. OWNER HAS DONE A LOT OF UPDATES WITH IN THE PAST 10 YEARS. ALL APARTMENTS ARE OF GREAT SIZE AND CAN MAYBE BE TURNED INTO TWO BEDROOMS. THEY ALL HAVE LIVING ROOM, KITCHEN/EATING/DINING AREA, SITTING AREA, BEDROOM AND BATHROOM. THE CONSTRUCTION IS SOLID AND BUILT WELL. ELECTRIC WAS UPDATED WITH IN THE PAST 10 YEARS, EACH APARTMENT PAYS THERE HEAT, ELECTRIC, AND GAS. SELLER PROVIDES THE HOT WATER. LAUNDRY AREA ON 1ST FLOOR. RUBBER ROOF WITH IN THE PAST 10 YEARS, BUILDING TUCKPOINTING WITH IN THE PAST 15 YEARS. THE RENTS ARE LOW, RENTS CAN BE HIGHER. THIS IS A ESTATE SALE PLEASE ALLOW TIME FOR BENEFICIARY TO RESPOND TO OFFERS. PROPERTY IS BEING SOLD IN AS-IS'' CONDITIONS.

Listing Details MLS# 521096

General Property Information

New Construction YN
No
Number Of Units Total
15
Bedrooms Total
15
Bathrooms Full
15
Rooms Total
70
Bathrooms Total
15
Living Area
14904
Living Area Source
Assessor
Year Built
1930
Garage YN
No
Parking Total
16
Lot Size Acres
0.313
Lot Size Square Feet
13634
Lot Size Dimensions
110X124
Waterfront YN
No
Basement YN
No

Property Features

Appliances: Range; Refrigerator Construction Materials: Brick Cooling: None Flooring: Carpet; Linoleum Heating: Electric; Individual; Unit Control Interior Features: Elevator Lease Type: Net Listing Terms: Cash; Conventional Other Equipment: None Owner Pays: Electricity; Gas; Sewer; Water Parking Features: Off Street; None Possession: Close Of Escrow; Rental Agreement; Subject To Tenant Rights Rent Includes: Trash Collection; Water Road Surface Type: Gravel Tenant Pays: Electricity; Gas Utilities: Electricity Available; Natural Gas Available; Sewer Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
995000
Lease Considered YN
Yes
Lease Term
Month To Month
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
227-229
Street Name
Carroll
Street Suffix
Street
County
Lake
State
IN
Postal Code
46320
Subdivision Name
Towle & Youngs Add

Remarks and Miscellaneous

Public Remarks
GREAT ALL BRICK 15 UNIT BUILDING WITH LOT ON THE SIDE FOR PARKING. THE LOT WAS PREPARED FOR BLACKTOP IN 2021. OWNER HAS DONE A LOT OF UPDATES WITH IN THE PAST 10 YEARS. ALL APARTMENTS ARE OF GREAT SIZE AND CAN MAYBE BE TURNED INTO TWO BEDROOMS. THEY ALL HAVE LIVING ROOM, KITCHEN/EATING/DINING AREA, SITTING AREA, BEDROOM AND BATHROOM. THE CONSTRUCTION IS SOLID AND BUILT WELL. ELECTRIC WAS UPDATED WITH IN THE PAST 10 YEARS, EACH APARTMENT PAYS THERE HEAT, ELECTRIC, AND GAS. SELLER PROVIDES THE HOT WATER. LAUNDRY AREA ON 1ST FLOOR. RUBBER ROOF WITH IN THE PAST 10 YEARS, BUILDING TUCKPOINTING WITH IN THE PAST 15 YEARS. THE RENTS ARE LOW, RENTS CAN BE HIGHER. THIS IS A ESTATE SALE PLEASE ALLOW TIME FOR BENEFICIARY TO RESPOND TO OFFERS. PROPERTY IS BEING SOLD IN AS-IS'' CONDITIONS.

Status Change Information

Major Change Timestamp
2022-11-23T22:26:17Z
Major Change Type
Status Change
Status Change Timestamp
2022-11-23
Offer Acceptance Date
2022-10-17
Close Date
2022-11-23
Close Price
1110000
Concessions
Yes
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
N

Frontage Type

Frontage Length
110

Income and Expenses

Electric Expense
2760
Expense Year
2021
Gross Income
2400
Gross Scheduled Income
61140
Insurance Expense
4931
Net Operating Income
37282
New Taxes Expense
9354
Total Actual Rent
58740
Trash Expense
1667
Water Expense
2386

Unit Details

Number Of One Bedroom Units
15

Unit 1

Unit Description
FRONT APARTMENTS
Unit Number
Yes
Identical Units
8
Rent
650
# Of Rooms
Yes

Unit 2

Unit Description
REAR APARTMENTS
Unit Number
2
Identical Units
6
Rent
650
# Of Rooms
Yes

Unit 3

Unit Description
APARTMENT #1
Unit Number
3
Identical Units
Yes
# Of Rooms
Yes

Showing Requirements

Showing Instructions
24 HOURS NOTICE TO SHOW. LISTING AGENT WILL ACCOMPANY.

Historical Information

Public Historical Remarks
Array, Lease Type: Net
Listing Office: G & R Realty, Inc.
Last Updated: February - 23 - 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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