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
- Waterfront YN
- Yes
- Water Body Name
- Lake Michigan
- Basement YN
- Yes
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 Considered YN
- Yes
- 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
Lock Box Information
- Lock Box Serial Number
- 1499110
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
Listing Office:
Integrity Realty Partners
Last Updated: March - 13 - 2024
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