Five unit building on acreage. Rental income of $3,687 per month. Roof shingles are only eight years old. Unit 3 is now vacant. Unit 4 should be vacant on March 1st.
Multi-familyProperty Type
1946Year Built
1.76 acresLot Size
$93Price/Sq.Ft.
1 spaceParking
Listed by Paul Boyter• McColly Real Estate
•219-926-1616 (broker)
•chesterton@mccolly.com (broker)
Bought with Anthony Dattulo• Realty Executives Premier
•219-462-2224 (broker)
•info@RexPremier.com (broker)
Bought with Carol Dobrzynski• Realty Executives Premier
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.76 Acres
Year renovated
1986
Sq. Ft.
3,856
Year built
1946
Style
Multi-Family (2-4 Unit)
County
Lake County
APN
450929101005000018
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
R2
Single-Family (Small Lot) Residence District
The purpose of this subchapter is to establish 2 districts in which single-family residential use may take place, and to identify other compatible allowable uses, as well as transitional uses and conditional uses which may be allowed under certain circumstances and with limitations as identified hereinafter.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Livestock production
Community / recreation center
Religious facility
Housing-Single unit
Educational/school
Library
Recreation
Park & open space
Planned unit development (pud)
Property details
Parking
Parking Information
Parking Features: Detached
Gararge Information
Has Garage(s)
Interior
Bathroom Information
Bathrooms Full: 5
Heating & Cooling
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Electric, Forced Air, Natural Gas
Interior Features
Laundry Features: Common Area
Interior Features: Elevator
Appliances: Range, Refrigerator
Room Information
Rooms Total: 17
Multi-Unit Financial Information
Gross Income: $1,000
Gross Scheduled Income: $30,000
Electric Expense: $1,050
New Taxes Expense: $4,623
Other Expense: $1,575
Professional Management Expense: $5,232
Trash Expense: $2,400
Multi-Unit Information
Occupant Type(s): Tenant
# of Units Total: 5
# of One Bedroom Units: 4
# of Two Bedroom Units: 1
Exterior
Exterior Features
Security Features: Security System
Construction Materials: Block, Concrete
Living Area
Living Area: 3,856
Living Area Source: Assessor
Property Information
Year Built: 1946
Financial
Tax Information
Tax Legal Description: Legal Description: PT. NW. NW. S.29 T.36 R.7 CONT'G 1.767 A. '460.65X330.3X473.53X220 FT.' EX. W.16
Utilities
Utilities Information
Utilities: Cable Available
Water Source: Well
Sewer: Septic Tank
Public facts
Beds: 5
Baths: 5.0
Sq. Ft.: 3,856
Stories: 2.0
Lot Size: 1.76 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1946
Year Renovated: 1986
County: Lake County
APN: 450929101005000018
Home facts updated by county records on Aug 24, 2026
Other
Auction Information
Auction YN: No
Auction Minimum Opening Bid: 0.00
Around this home
Schools
Liberty Elementary School
Public 1-5 • Assigned • 1.0mi
6/10
Hobart Middle School
Public 6-8 • Assigned • 1.7mi
7/10
Hobart High School
Public 9-12 • Assigned • 2.6mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.77% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Hobart, IN • 46342
Average low and high temperatures (°F)
30
16
38
22
55
34
62
43
68
48
80
62
85
68
80
62
78
57
68
47
50
37
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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.
10.3 hrs
3.2 hrs
JuneDecember
Provided by Shadowmap
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