5900-5912 Forest Avenue, Gary, IN 46403
$524,540
Property Type:
Residential Income
Bedrooms:
36
Square Footage:
14,504
Lot Size (sq. ft.):
25,200
Status:
Closed
Current Price:
$524,540
List Date:
7/07/2017
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 417896
General Property Information
- Number Of Units Total
- 21
- Bedrooms Total
- 36
- Bathrooms Full
- 23
- Rooms Total
- 69
- Living Area
- 14504
- Living Area Source
- Assessor
- Year Built
- 1963
- Lot Size Acres
- 0.5785
- Lot Size Square Feet
- 25200
- Lot Size Dimensions
- 120x210
- Water Body Name
- Lake Michigan
- Basement YN
- Yes
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
- Parking Total
- 0
Property Features
Basement:
Crawl Space
Construction Materials:
Brick
Exterior Features:
Balcony
Interior Features:
Elevator
Laundry Features:
Common Area
Lease Type:
Net
Listing Terms:
Cash; Conventional; Lease Option
Other Equipment:
None
Parking Features:
None
Utilities:
Sewer Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 599000
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Krupchak
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 5900-5912
- Street Name
- Forest
- Street Suffix
- Avenue
- County
- Lake
- State
- IN
- Postal Code
- 46403
- Subdivision Name
- Miller Beach
Remarks and Miscellaneous
- Public Remarks
- Well built, well maintained 21 unit apartment building located on Marquette Park Lagoon with view of Lake Michigan just 2 blocks away. Solid performer throughout the years.
Status Change Information
- Major Change Timestamp
- 2017-11-02T16:52:47Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2017-11-02
- Offer Acceptance Date
- 2017-10-04
- Close Date
- 2017-11-02
- Close Price
- 524540
- Buyer Financing
- Other
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Expense Year
- 2015
- Gross Scheduled Income
- 157133
- Insurance Expense
- 9478
- Maintenance Expense
- 6514
- Manager Expense
- 13725
- Net Operating Income
- 78805
- New Taxes Expense
- 8903
- Other Expense
- 2691
- Supplies Expense
- 5815
- Total Actual Rent
- 157133
- Trash Expense
- 5223
- Water Expense
- 9793
- Electric Expense
- 0
- Gross Income
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
Unit Details
- Number Of One Bedroom Units
- 8
- Number Of Two Bedroom Units
- 12
- Number Of Four Bedroom Units
- Yes
Unit 1
- Unit Description
- 1 & 2 bedroom units
- Unit Number
- Yes
- Square Feet
- 0
- Rent
- 0
Showing Requirements
- Showing Instructions
- Use Showing Assist
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- School District
- Gary
- Tax Assessed Value
- 0
- Tax Legal Description
- Legal Description: All Lots 1 to 4 BL. 1 & Vac. N. 20 Ft. Forest Ave. Johnson Kennedy Estates & 1st Add.
- Parcel Number
- 450531256001000004
- Township
- Calumet
- Directions
- Lake St. north to Martquette Park Lagoon Bridge, property on the right.
Basement
- Crawl Space
- Yes
Construction Materials
- Brick
- Yes
Exterior Features
- Balcony
- Yes
Interior Features
- Elevator
- Yes
Laundry Features
- Common Area
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Lock Box Information
- Lock Box Serial Number
- No
Other Equipment
- None
- Yes
Parking Features
- None
- Yes
Utilities
- Sewer Available
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Lease Type
- Net
- Yes
Listing Office:
Ayers REALTORS®
Last Updated: February - 24 - 2024
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