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1103 Penny Lane

Chesterton, IN 46304
  • $274,900
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 524200
UPDATED: 61 min ago
$274,900
  • 5
    BEDS
  • 0.29
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 1,976
    SQFT
  • $139
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:
Area:

School Ratings & Info

Description

This two-unit duplex offers one 3 bed/1.5 bath unit and one 2 bed/1 bath unit. Current rent levels already generate positive cash flow each month and there is an opportunity to enhance returns by better aligning rents to market levels. This property makes a great addition to an existing portfolio or can serve as a starting point for an aspiring investor looking to diversify into real estate. Live in the 3-bedroom side, which also features an attached 2-car garage, and use the rental income from the other side to cover expenses.The 3-bedroom unit is currently rented for $1,250 per month, and the 2-bedroom is rented for $715 per month. Both units feature laminate wood flooring in the living areas and carpeting in the bedrooms. Tenants are responsible for all utilities, except for a $13 monthly sewer charge for each unit.This property features an all-brick, low-maintenance exterior, a BRAND NEW roof, a separate driveway for each unit, and no backside neighbors.

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© 2023 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-01-26T19:52:33.413.
www.mccormickrealestateindiana.com/homes/136028604
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1103 Penny Lane Chesterton, IN 46304

  • Price: $274,900
  • Status: Active
  • On Site: 12 Days
  • Updated: 61 min ago
  • MLS #: 524200
5
Beds
2
Baths
1
½ Baths
0.29
Acres
1,976
SQFT
$139
$/SQFT
1976
Built
Neighborhood:
Starhill Acres
County:
Porter
Area:
Chesterton
Property Description
This two-unit duplex offers one 3 bed/1.5 bath unit and one 2 bed/1 bath unit. Current rent levels already generate positive cash flow each month and there is an opportunity to enhance returns by better aligning rents to market levels. This property makes a great addition to an existing portfolio or can serve as a starting point for an aspiring investor looking to diversify into real estate. Live in the 3-bedroom side, which also features an attached 2-car garage, and use the rental income from the other side to cover expenses.The 3-bedroom unit is currently rented for $1,250 per month, and the 2-bedroom is rented for $715 per month. Both units feature laminate wood flooring in the living areas and carpeting in the bedrooms. Tenants are responsible for all utilities, except for a $13 monthly sewer charge for each unit.This property features an all-brick, low-maintenance exterior, a BRAND NEW roof, a separate driveway for each unit, and no backside neighbors.
Exterior Features

Open Parking Spaces 0

Interior Features

Rooms Total 12

Property Features

Parking Features AttachedGarage Door Opener Property Sub Type Income Property Real Estate Owned YN No Tax Annual Amount 2948 Transaction Type Sale

Listing information © 2023 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
Listing courtesy of Troy Hill of Realty Executives Premier: .

© 2023 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-01-26T19:52:33.413.
 
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