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293 Melton Rd, Chesterton, IN 46304
About this home
Wonderful opportunity! 4 Houses on 2 parcels all for one price! 5 total rental units and all fully occupied. On nearly 2.5 acres. Plenty of options to keep as is with a great ROI, or rezone for commercial use. Owner pays only water and garbage. All other utilities are paid by the tenants. Seller will not split parcels. Cash buyers only.
Redfin Estimate
Market trends in 46304, IN
Last updated September 2026
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Sale history for 293 Melton Rd
$21/sq ft
$21/sq ft
$37/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Property details
Parking
- Parking Information
- Parking Features: Detached
- Gararge Information
- Has Garage(s)
- Garage Spaces: 8
Interior
- Bathroom Information
- Bathrooms Full: 6
- Heating & Cooling
- Cooling: None
- Heating: Forced Air, Natural Gas, Other
- Interior Features
- Laundry Features: In Unit, Other
- Interior Features: Elevator
- Appliances: Dryer, Range, Refrigerator, Washer
- Room Information
- Rooms Total: 18
- Basement: Crawl Space
Exterior
- Exterior Features
- Construction Materials: Other
- Living Area
- Living Area: 5,039
- Living Area Source: Assessor
- Property Information
- Year Built: 1947
- Lot Information
- Road Surface Type: Gravel
Financial
- Tax Information
- Tax Legal Description: Legal Description: PARC IN N438.09 W96.57 E289.71 N HWY 20 4-36-6 .881A
Utilities
- Utilities Information
- Utilities: Cable Available, Sewer Available
- Water Source: Public
Location
- Multi-Unit Financial Information
- Net Operating Income: $35,339
- Gross Scheduled Income: $43,500
- Water Expense: $2,448
- New Taxes Expense: $5,713
- Multi-Unit Information
- Occupant Type(s): Tenant
- # of Units Total: 5
- # of Two Bedroom Units: 4
- # of Three Bedroom Units: 1
- School Information
- High School District: Duneland School Corporation
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Single Family Residential
- Year Built: —
- Year Renovated: —
- County: Porter County
- APN: 25000003465
Other
- Auction Information
- Auction YN: No
- Auction Minimum Opening Bid: 0.00
Around this home
Schools
Public K-4 • Assigned • 2.5mi
Public 9-12 • Assigned • 3.2mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.62% chance of being in a wildfire in next 30 years
7 days above 100° expected this year, 15 days in 30 years
Minor risk of severe winds over next 30 years
3 unhealthy days expected this year, 4 days in 30 years
Sun exposure
In this area, properties receive around 10.3 hours in June and 3.2 hours in December, placing it below the U.S. average for solar exposure.
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Home values near 293 Melton Rd
| Address | Redfin Estimate |
|---|---|
11 Beds | 6 Baths | 5039 Sq. Ft. | — |
4 Beds | 1 Baths | 1664 Sq. Ft. | $187,734 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1365 Sq. Ft. | $218,874 |
3 Beds | 1 Baths | 1402 Sq. Ft. | $208,052 |
| Address | Redfin Estimate |
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3 Beds | 2 Baths | 1800 Sq. Ft. | $269,855 |
2 Beds | 1 Baths | 1104 Sq. Ft. | $207,488 |
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