🔥 NEW DEAL🔥East Chicago IN 46312🔥 HISTORIC BRICK HOME💰 Asking $87k 💰 AMAZING FLIP or RENTAL Opportunity💰See VIDEO Walkthrough in Description ⬇️⬇️

Lake County, East Chicago, IN, 46312
Sold
Listed at: September 18th, 2023
Price
$87,000
ARV
$180,000
Gross Margin
$93,000
Sq. Footage
1299
Type
Single-Family
Parking
Detached Garage
Year build
1925
Lot size
0.10 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

CLICK LINK FOR VIDEO WALKTHROUGH - https://app.homejab.com/property/view/4823-grasselli-ave-east-chicago-in-46312

Property Details:

  • Unfinished Basement: With a spacious 1191 sq. ft unfinished basement, you have the potential to create additional living space, storage, or even a separate rental unit, increasing your property's value.
  • Ground Level: The 1299 sq. ft ground level provides ample room for comfortable living spaces, making it ideal for attracting potential tenants or future buyers.
  • Crawl Space: The 107 sq. ft crawl space adds to the property's overall potential and can be utilized for storage or other purposes.
  • Total Living Space: The entire property offers 2490 sq. ft of space for you to work with and transform into a valuable asset.

Investment Opportunities:

  • Renovation Needed: This property will require some TLC, including new appliances and a kitchen remodel. Additionally, a fresh coat of paint and refinishing the floors will breathe new life into the home.
  • Roof Upgraded: The roof has been upgraded within the last 10 years, reducing immediate maintenance costs.
  • Garage: The 2-car detached garage adds convenience and storage options for tenants or future homeowners.
  • Bedrooms and Bathroom: The property boasts three bedrooms and a full bathroom
  • Nearby Amenities: Situated near Riley Park in East Chicago, this property benefits from its location. Residents can enjoy parks, schools, and other amenities, increasing its appeal to potential tenants.
  • Rental Potential: With the right improvements, you could potentially earn around $1,300 per month in rental income, providing a steady cash flow for your investment.
  • After Repair Value (ARV): The estimated ARV of $180,000 indicates the significant potential for profit upon completing the necessary renovations and improvements.


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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