3501 Fir Street, East Chicago, IN 46312
$550,000
Property Type:
Residential Income
Bedrooms:
25
Square Footage:
9,152
Lot Size (sq. ft.):
4,305
Status:
Closed
Current Price:
$550,000
List Date:
11/30/2023
Last Modified:
3/13/2024
Overview
Description
Listing Details MLS# 542326
General Property Information
- New Construction YN
- No
- Number Of Units Total
- 11
- Bedrooms Total
- 25
- Bathrooms Full
- 11
- Rooms Total
- 47
- Above Grade Finished Area
- 9152
- Living Area
- 9152
- Living Area Source
- Assessor
- Year Built
- 1921
- Garage YN
- Yes
- Garage Spaces
- 3
- Lot Size Acres
- 0.0988
- Lot Size Square Feet
- 4305
- Lot Size Source
- Assessor
- Lot Size Dimensions
- 35 x 125
- Water Body Name
- Lake Michigan
- Basement YN
- Yes
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Below Grade Finished Area
- 0
- Carport Spaces
- 0
- Parking Total
- 0
Property Features
Basement:
Full
Construction Materials:
Brick
Exterior Features:
Storage
Fencing:
Fenced
Flooring:
None
Interior Features:
Elevator
Lease Type:
Net
Listing Terms:
Cash; Conventional; Lease Option
Lock Box Information:
SentriLock
Other Equipment:
None
Owner Pays:
Electricity; Sewer; Water
Parking Features:
Detached
Patio And Porch Features:
Porch
Possession:
Close Of Escrow
Tenant Pays:
Electricity; Gas
Utilities:
Electricity Available; Natural Gas Available; Sewer Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 750000
- Lease Term
- Month To Month
- Property Sub Type
- Apartment
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 3501
- Street Name
- Fir
- Street Suffix
- Street
- County
- Lake
- State
- IN
- Postal Code
- 46312
- Subdivision Name
- Indiana Harbor
Remarks and Miscellaneous
- Public Remarks
- Awesome 11 unit all brick building. New roof! Each unit has own electric panel, water heater, furnace, AND SEPARATE water meters! Super low expenses on this one that makes for a HUGE cap rate! 4 units do need reno that would get this income OVER $100,000 a year!
Status Change Information
- Major Change Timestamp
- 2024-03-13T20:23:52Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2024-03-13
- Offer Acceptance Date
- 2024-02-09
- Close Date
- 2024-03-13
- Close Price
- 550000
- Concessions
- No
- Buyer Financing
- Cash
More Information
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 35
Income and Expenses
- Electric Expense
- 540
- Expense Year
- 2022
- Gross Scheduled Income
- 67800
- Insurance Expense
- 1800
- Net Operating Income
- 55256
- New Taxes Expense
- 5584
- Sewer Expense
- 1650
- Total Actual Rent
- 67800
- Trash Expense
- 1320
- Water Expense
- 1650
- Gross Income
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Supplies Expense
- 0
Lock Box Information
- Lock Box Serial Number
- 1499110
- SentriLock
- Yes
Unit Details
- Number Of Two Bedroom Units
- 8
- Number Of Three Bedroom Units
- 3
Showing Requirements
- Showing Instructions
- Showing Assist
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- Postal Code +4
- 2028
- Tax Annual Amount
- 5182
- Tax Year
- 2023
- Tax Assessed Value
- 0
- Tax Legal Description
- Legal Description: INDIANA HARBOR L.1 BL.62
- Parcel Number
- 450322158001000024
- Township
- North
- Directions
- Columbus to Fir. North. Property on corner of 135th and Fir
- Cross Street
- 135th
Basement
- Full
- Yes
Construction Materials
- Brick
- Yes
Exterior Features
- Storage
- Yes
Fencing
- Fenced
- Yes
Flooring
- None
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Other Equipment
- None
- Yes
Parking Features
- Detached
- Yes
Patio And Porch Features
- Porch
- Yes
Possession
- Close Of Escrow
- Yes
Utilities
- 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
Owner Pays
- Electricity
- Yes
- Sewer
- Yes
- Water
- Yes
Tenant Pays
- Electricity
- Yes
- Gas
- Yes
Listing Office:
Integrity Realty Partners
Last Updated: March - 13 - 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.