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$ 199,999
Est. payment /mo
New
4008 Fir ST East Chicago, IN 46312
2 Beds
2 Baths
4,305 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,305 sqft
Price per Sqft $46
Subdivision Park Add
MLS Listing ID 841435
Bedrooms 2
Full Baths 2
Year Built 1918
Annual Tax Amount $1,762
Tax Year 2024
Lot Size 4,303 Sqft
Acres 0.0988
Property Sub-Type Duplex
Property Description
Don't miss this outstanding opportunity to add a solid income-producing property to your investment portfolio. This all-brick two-unit multifamily, 2 flat features two spacious units, each currently rented for 1,100 per month with long-term tenants already in place, providing immediate and consistent cash flow from day one. The property has seen numerous recent updates, including a brand-new roof, new white kitchen cabinetry in both units, new bathroom vanities, toilets, and bathtubs, newer flooring in the upper unit, updated plumbing and electrical, and both the sewer line and main sewer line have been replaced. Additional features include a 2-car all-brick detached garage and a fully fenced backyard, making this a low-maintenance investment with many major improvements already completed. Each unit is separately metered with its own gas and electric service, allowing tenants to pay their own utilities and helping maximize your return on investment. Looking to increase cash flow even further? The approximately 800-square-foot unfinished basement includes a 3/4 bathroom, laundry area, and several finished rooms. With the proper approvals, it offers exceptional value-add potential for additional living space or the possibility of creating a third rental unit, providing an opportunity to significantly increase future rental income. Location is another major advantage. With convenient access to major expressways and commuter routes, tenants can enjoy an easy commute to downtown Chicago while benefiting from the affordability of Northwest Indiana housing. Whether you're expanding your investment portfolio or searching for your next value-add multifamily property, this building offers the ideal combination of immediate rental income, extensive updates, long-term tenants, and future upside potential. Investment opportunities like this don't come around often.
Location
State IN
County Lake
Interior
Interior Features None
Heating Hot Water
Fireplace N
Appliance None
Exterior
Garage Spaces 2.0
View Y/N true
View true
Building
Lot Description Back Yard
Story Two
Others
Tax ID 450322358017000024
SqFt Source Appraiser
Acceptable Financing NRA20260629171231467983000000
Listing Terms NRA20260629171231467983000000
Pets Allowed Yes
Listed by New Chapter Real Estate • Brittany Wolak