🔥 NEW DEAL🔥East Chicago IN 46312🔥 UNFINISHED BASEMENT💰 Asking $55k 💰 AMAZING FLIP or RENTAL Opportunity💰See VIDEO Walkthrough in Description ⬇️⬇️

Lake County, East Chicago, IN, 46312
Sold
Listed at: October 18th, 2023
Price
$55,000
ARV
$155,000
Gross Margin
$100,000
Sq. Footage
2000
Type
Single-Family
Parking
Driveway
Year build
1916
Lot size
0.12 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Introducing a promising investment opportunity in East Chicago, Indiana – a spacious home with immense potential for generating rental income. This property boasts two or more bedrooms and bathrooms, making it an attractive option for potential tenants seeking comfortable living spaces.


Key features of this property include an enclosed front porch and rear porch, offering additional usable space and enhancing the overall aesthetic. The electric, gas, and water/sewer utilities are all active, providing convenience and functionality for both tenants and property management.


One notable investment aspect is the potential for monthly rental earnings of up to $1250, making this property an appealing choice for investors seeking steady returns. Although the furnace needs replacement and painting is required throughout the house, essential improvements have already been made, including a new roof installed just three years ago.


Furthermore, the unfinished basement presents an opportunity for customization and value addition, allowing for potential expansion or improvement of the property. Carpet replacement and tile installation in the kitchen and bathrooms are necessary to enhance the property's appeal and functionality, contributing to a more modern and appealing living space for prospective tenants.


In summary, this investment property in East Chicago, IN, offers a solid foundation for generating rental income and presents an opportunity to increase its value through strategic improvements. With active utilities and recent roofing upgrades, this property holds great promise for the savvy investor looking to maximize their returns in the thriving rental market.

Videos

Video Walkthrough

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Kevin Kist

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Disposition manager