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About this home
Great Investor Opportunity! This beautiful, fully occupied 2 unit property offers immediate, stable cash flow. The building has been well maintained and presents an outstanding opportunity for both seasoned and first-time seeking a turnkey income producing asset. This building is available for purchase individually or as part of an exceptional FOUR-PROPERTY INVESTMENT PORTFOLIO. This building can be combined with three additional fully occupied multi-unit properties for expanded cash flow and portfolio growth. Whether you're looking to acquire a single performing asset or scale your investment holdings with multiple properties, this offering provides flexibility to meet your investment goals. Don't miss this rare opportunity to own a high-performing, fully leased property with the option to expand your real estate portfolio. Addresses of other properties: 4 Waltham St, Hammond, IN; 830 Wilcox St, Hammond, IN; and 415 Gostlin St, Hammond, IN.
Multi-familyProperty Type
1926Year Built
3,081 sq ftLot Size
$29Price/Sq.Ft.
1 car garageParking
Listed by Grace Acquah• Keller Williams Indy Metro NE
Indiana Harbor, located between Lake Michigan and the Indiana Harbor Canal, is a lakeside and industrial East Chicago neighborhood with working waterfront views and brick-and-frame streetscapes. The neighborhood’s character concentrates around the Indianapolis Boulevard and 151st Street corridor, where corner taverns, taquerias, and small storefronts sit under the shadow of mills and lakefront infrastructure. Community touchstones include Jeorse Park Beach, the Indiana Harbor Yacht Club, and the East Chicago Marina. Modest bungalows and two-flats mix with utilitarian warehouses, giving blocks a practical, lived-in rhythm. Lake breezes and ship traffic shape the soundscape, while parks and slips add a recreational counterpoint. Side streets feel quieter, with pocket greens and long views toward the water and canal.
Provided by Walk Score and Local Logic
Offer insights
3824 Parrish Ave · $164,900
$165K and above
75% chance or better to win
Why $165K+ is a strong offer
DAYS ON MARKET
33 days
The average home goes pending in 53 days.
SALE-TO-LIST
88.5%
Most homes are selling 11% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Full basement
Has a view
Two levels
Bedrooms
Two 2-bedroom units
Kitchen
Kitchens present in both units
Exterior features
Outdoor lighting
No fence
Home design
Duplex (residential income property)
Parking
Detached garage (1 car)
Construction
Shingle roof
Utilities
No solid waste service listed
Financial info
Two total units
Gross income: 8885 (monthly)
Expenses: 3717 (monthly)
Net operating income: 5167 (monthly)
Unit rents: one 2-bedroom unit at $895/month (2 levels); one 2-bedroom unit at $950/month (1 level)
Electricity and solar
View estimated energy costs and solar savings for this home
Looking for a 2-unit investment opportunity?? LOOK NO FURTHER! Updated interior with new flooring, paint, 2 newer hot water heaters, and roof. Two 2-bed units with basement and they include enclosed front and rear porches. Detached 2 car garage is 14x22 plus the property includes 4 additional parking spaces. Upper unit is vacant and ready to move in! Lower unit is occupied and rents for 950/month. Property is sold as-is.
NIRA MLS as Distributed by MLS Grid #474288
Aug 31, 2020
Sold
$73,000
$13/sq ft
May 11, 2020
Listed
$79,900
$14/sq ft
+12
Looking for a 2-unit Building - LOOK NO FURTHER!!Updated interior with newflooring and paint, 2 new hot water heaters, newer roof!! 2 - 2 bedroom units with basement and enclosed front and rear porches. Detached 2 car garage is 14x22 plus 4 parking spaces.
NIRA MLS as Distributed by MLS Grid #153873
Apr 3, 2006
Listed
$46,900
$8/sq ft
NIRA MLS as Distributed by MLS Grid #149909
Mar 5, 2006
Listing Removed
—
Feb 10, 2006
Listed
$59,900
$11/sq ft
NIRA MLS as Distributed by MLS Grid #139734
Jan 8, 2006
Listing Removed
—
Sep 3, 2005
Listed
$66,900
$12/sq ft
NIRA MLS as Distributed by MLS Grid #47725
Sep 28, 2001
Listed
$59,900
$11/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$1,938 (+10.1%)
$11,700 + $85,200
$96,900
2023
$1,760 (+8.5%)
$11,700 + $76,300
$88,000
2022
$1,622 (+26.1%)
$12,600 + $68,500
$81,100
2021
$1,286 (+32.6%)
$5,000 + $59,300
$64,300
2020
$970 (−8.3%)
$5,000 + $43,500
$48,500
2019
$1,058 (+2.5%)
$5,000 + $38,300
$43,300
2018
$1,033 (−2.9%)
$5,000 + $34,400
$39,400
2017
$1,064 (+0.6%)
$5,000 + $34,900
$39,900
2016
$1,058 (+26.1%)
$5,000 + $33,300
$38,300
2015
$839 (−46.5%)
$5,000 + $32,700
$37,700
2013
$1,569
$5,000 + $25,000
$30,000
Public record
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
3,075 Sq. Ft.
Year renovated
1985
Finished Sq. Ft.
1,400
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,400
Year built
1926
Style
Multi-Family (2-4 Unit)
County
Lake County
APN
450321433028000024
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 3, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
East Chicago, IN • 46312
Average low and high temperatures (°F)
31
18
39
25
55
35
62
44
67
51
83
65
86
70
83
67
79
61
69
51
52
39
38
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
68/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3824 Parrish Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $162,500 and $255,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $163K to $255K.