3916 Alder St East Chicago, IN 46312

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3 beds · 2 baths · 1,428 sq ft · Lot Size: 9,225 sq ft · Single Family Home · Indiana Harbor
Est. Property Value: $207,506

Valued above Market MedianLarge Lot AdvantageOwner Age Above 75

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3916 Alder St is in the Indiana Harbor neighborhood of East Chicago, IN. It is located in Lake County and ZIP code 46312. This Single Family Home was built in 1985 and is approximately 40 years old. The single family home spans 1428 sq ft with 3 bedrooms and 2 bathrooms and sits on a 9225 sq ft lot. According to public records, it has a tax-assessed value of $94,000, which is $145 per sq ft. The Indiana Harbor area of East Chicago has 470 residential homes with an average size of 1311 sq ft. Analyze and compare real estate investment strategies for properties like this home at 3916 Alder St East Chicago, IN 46312 with Property Intel by Whitepages.

Owners & Occupancy for 3916 Alder St

This property is owned by Lawrence Joseph Garner. Owner contact information includes 6 phone numbers and 4 email addresses.

Property Owners

OccupationPresident, Apex Senior Care
Cell Phone(317) ***-****View Cell Phone
Residence****************
Landline(501) 251-1704
Distance from Property**********
Email Address*****@msn.comView Email

Residence****************
Landline(219) 397-6361
Distance from Property**********
Email Address********@yahoo.comView Email
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Occupancy

Current Occupancy*****View Occupancy
Resident 1************* age 48
Resident 2********* age 51
Resident 3************
Resident 4*************** age 51
Resident 5******************* age 73

Property Financials for 3916 Alder St

3916 Alder St, East Chicago, IN has no known mortgage. The Lake county assessment for 2023 values it at $94,000, with annual taxes of $940.

Property Tax

Property Tax Amount$940 in 2023
Assessed Value$94,000 on 2023

Investment Potential for 3916 Alder St

The property has a current estimated value of $207,506, which is 50% above the neighborhood median. Projected long-term rental income is $24,000 annually ($2,000 per month) with a 76% occupancy rate.

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Long-Term

Gross Rental
$24,000 per year($2,000 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
76%in 46312 zip code
 
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Property Details for 3916 Alder St

Property Details

Property Sq Ft

Living Area

1,428 sq ft

9% above market

Lot Size

9,225 sq ft

114% above market

Price Per Sq Ft

Living Area

$145 / sq ft

32% above market

Lot Size Area

$22 / sq ft

36% below market

Property condition, age, exterior, etc. for 3916 Alder…
Longitude: -87.442905 Latitude: 41.641937 Parcel Number (APN): 45-03-22-379-024.000-024…

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Discover more single family homes near 3916 Alder St in East Chicago, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 3916 Alder St in Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$207,506
$209,373
-$1,866 (-1%)
$******
$300,179
-$45,772 (-15%)
YoY Price Change
****%
3.01%
-263%
Year Built
1985
1972
13 years
Living Space
1,428 sq ft
1,582 sq ft
-154 (-10%)
$ Per Living Sq Ft
$145
$133
$12 (9%)
Lot Size
9,225 sq ft
12,807 sq ft
-3582 (-28%)
$ Per Lot Sq Ft
$22
$15
$7 (47%)

Net Operating Income
$*****
$17,636
$694 (4%)
Annual Revenue
$24,000
$24,600
-$600 (-2%)
$****
$6,411
-$741 (-12%)
Net Operating Income
$*****
$17,636
$694 (4%)
Cap Rate
****%
8.22%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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