Neighborhood
4203 Homerlee Ave, East Chicago, IN 46312
4 beds · 1 bath · 1,424 sq ft · Lot: 4,865 sq ft · Single Family Home · Built: 1921
Est. Value:
$175K
Est. Rent:
$2.1K/month

4203 Homerlee Ave East Chicago, IN 46312

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4 beds · 1 bath · 1,424 sq ft · Lot Size: 4,865 sq ft · Single Family Home · Northside
Est. Property Value: $175,027

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4203 Homerlee Ave is in the Northside neighborhood of East Chicago, IN. It is located in Lake County and ZIP code 46312. This Single Family Home was built in 1921 and is approximately 104 years old. The single family home spans 1424 sq ft with 4 bedrooms and 1 bathroom and sits on a 4865 sq ft lot. According to public records, it was last sold in 1987 and has a tax-assessed value of $98,100, which is $123 per sq ft. The Northside area of East Chicago has 177 residential homes with an average size of 1584 sq ft. Analyze and compare real estate investment strategies for properties like this home at 4203 Homerlee Ave East Chicago, IN 46312 with Property Intel by Whitepages.

Investment Potential for 4203 Homerlee Ave

The property has a current estimated value of $175,027, which is 5% above the neighborhood median, based on public records. It last sold on September 08, 1987. Projected long-term
is $25,800 annually ($2,150 per month) with a 76% occupancy rate.

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Long-Term

Gross Rental
$25,800 per year($2,150 per month)
Net Operating Income
Cap Rate
Occupancy Rate
76%in 46312 zip code
 
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Owners & Occupancy for 4203 Homerlee Ave

This property is owned by Raquel M Mota. Owner contact information includes 2 phone numbers and 1 email address.

Property Owners

Residence****************
Landline(219) 397-4891
Distance from Property**********
Email Address******@comcast.netView Email
Cell Phone(219) ***-****View Cell Phone
Residence****************
Landline(219) 762-7819
Distance from Property**********
Email Address******@comcast.netView Email

Property Ownership Information

Purchase DateSeptember 08, 1987
Property Tax Amount$981 in 2023

Occupancy

Current Occupancy*****View Occupancy
Resident 1************ age 80
Resident 2************* age 75

Property Details for 4203 Homerlee Ave

Property Details

Property Sq Ft

Living Area

1,424 sq ft

10% below market

Lot Size

4,865 sq ft

4% below market

Price Per Sq Ft

Living Area

$123 / sq ft

23% above market

Lot Size Area

$36 / sq ft

12% above market

Property condition, age, exterior, etc. for 4203 Homer…
Longitude: -87.485964 Latitude: 41.6374 Parcel Number (APN): 45-03-29-107-002.000-024…
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Market Benchmarks

Compare data for 4203 Homerlee Ave in Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$175,027
$307,814
-$132,787 (-43%)
$430,225
-$251,898 (-59%)
YoY Price Change
1.99%
520%
Year Built
1921
1988
-67 years
Living Space
1,424 sq ft
2,408 sq ft
-984 (-41%)
$ Per Living Sq Ft
$123
$133
-$10 (-8%)
Lot Size
4,865 sq ft
15,450 sq ft
-10585 (-69%)
$ Per Lot Sq Ft
$36
$25
$10 (41%)

Net Operating Income
$23,840
-$3,761 (-16%)
Annual Revenue
$25,800
$32,400
-$6,600 (-20%)
$8,306
-$2,585 (-31%)
Net Operating Income
$23,840
-$3,761 (-16%)
Cap Rate
7.04%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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