7438 Whitcomb Street, Merrillville, IN 46410
$649,000
Property Type:
Residential Income
Bedrooms:
10
Lot Size (sq. ft.):
17,990
Status:
Closed
Current Price:
$649,000
List Date:
12/15/2025
Last Modified:
2/28/2026
Overview
Description
Listing Details MLS# 831892
General Property Information
- New Construction YN
- No
- Number Of Units Total
- 4
- Bedrooms Total
- 10
- Bathrooms Full
- 4
- Bathrooms Half
- 4
- Above Grade Finished Area
- 5072
- Year Built
- 1986
- Garage YN
- No
- Lot Size Acres
- 0.413
- Lot Size Square Feet
- 17990
- Lot Size Source
- Appraiser
- Waterfront YN
- No
- Fireplace YN
- No
Property Features
Appliances:
Other
Cooling:
Central Air
Exterior Features:
Other
Flooring:
Vinyl
Heating:
Forced Air
Interior Features:
Other
Levels:
Bi-Level
Listing Terms:
Cash; Conventional; Other
Lock Box Information:
Call Listing Office; SentriLock
Lot Features:
Other
Owner Pays:
Common Area Maintenance; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Pest Control; Repairs; Roof Maintenance; Security; Sewer; Snow Removal; Taxes; Trash Collection; Water; Other; See Remarks
Parking Features:
Driveway
Pets Allowed:
Call
Possession:
Close Of Escrow
Sewer:
Public Sewer
Special Listing Conditions:
None
Tenant Pays:
Electricity; Gas; Other; See Remarks
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 664000
- Property Sub Type
- Quadruplex
- Listing Agreement
- Exclusive Right To Sell
Location Tax and Legal
- Street Number
- 7438
- Street Name
- Whitcomb
- Street Suffix
- Street
- County
- Lake
- State
- IN
- Postal Code
- 46410
- Subdivision Name
- Crescent Lake 03
Remarks and Miscellaneous
- Public Remarks
- This rare 4 townhome rental property offers four residential units in a high demand rental market. With low maintenance requirements, high income, and upside for rent increases, this property is ideal for an investor seeking great cash flow. Tenants pay nipsco and water.
Status Change Information
- Major Change Timestamp
- 2026-02-28T15:12:09Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-02-28
- Offer Acceptance Date
- 2026-01-15
- Close Date
- 2026-02-28
- Close Price
- 649000
- Concessions
- Call Listing Agent
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- No
Income and Expenses
- Cap Rate
- 8.98
- Gross Income
- 79800
- Net Operating Income
- 60967
Unit Details
- Number Of Two Bedroom Units
- 2
- Number Of Three Bedroom Units
- 2
- Number Of Apartments
- 4
- Number Of Stores
- 2
Unit 1
- Unit Description
- 3bdr 1.5 bath A
- Unit Number
- Yes
- Square Feet
- 1300
- Occupied YN
- Yes
- Rent
- 1800
- # Of Bedrooms
- 3
- # Of Bathrooms
- Yes
Unit 2
- Unit Description
- 3bdr 1.5 bath B
- Square Feet
- 1300
- Occupied YN
- Yes
- Rent
- 1800
- # Of Bedrooms
- 3
- # Of Bathrooms
- Yes
Unit 3
- Unit Description
- 2bdr 1.5 bath A
- Square Feet
- 1250
- Occupied YN
- Yes
- Rent
- 1450
- # Of Bedrooms
- 2
- # Of Bathrooms
- Yes
Unit 4
- Unit Description
- 2bdr 1.5 bath B
- Square Feet
- 1250
- Occupied YN
- Yes
- Rent
- 1700
- # Of Bedrooms
- 2
- # Of Bathrooms
- Yes
Showing Requirements
- Showing Instructions
- Call agent for a tour. Please do not enter the building without calling the listing agent. Open house Thursday October 9th from 4:30-5:30pm.
Listing Office:
Ellsbury Group
Last Updated: February - 28 - 2026
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