Summary
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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
available
sold
#2
$123k
$99k
Bedrooms | |
Bathrooms | |
Sq. footage |
Deals nearby
Available
Sold