Investment Potential for 6431 Madison Ave

The property has a current estimated value of $113,264, which is 28% below the zip median, based on public records. It last sold on May 31, 2019 for $40K. Projected long-term

is $16,200 annually ($1,350 per month) with a 90% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$40,000

Sold May 31, 2019

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.

$113K

($108K - $119K)

28% below zip median

5-Year Forecast
5-year appreciation
This is an estimate of the appreciated property value by year over the next 5 years, based on proprietary algorithms and historical market data. Actual appreciation of a property can differ materially for a variety of reasons. Learn More.

$******

View Forecast

Discover more Single Family Homes in 46324.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$16,200 per year($1,350 per month)

$****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

****%View Cap Rate

Occupancy Rate

90%in 46324 zip code

View Rental Potential

Owners & Occupancy for 6431 Madison Ave

This property is owned by Jorge Luis Martinez. Owner contact information includes 2 phone numbers.

Occupancy

*****

View Occupancy

Appreciation Since Purchased

$73,264

Purchased May 31, 2019

Number of Owners

1

Property Owners

Jorge Luis Martinez, age **

Cell Phone	(219) *-**View Cell Phone
Residence	***********
Landline	(219) 853-0725
Distance from Property	**********

View All Owner Info

Property Ownership Information

Purchase Date	May 31, 2019
Property Tax Amount	$1,026 in 2023
Purchase Price	$40,000

Occupancy

Current Occupancy	*****View Occupancy
Resident 1	************* age 55
Resident 2	************* age 54
Resident 3	****************
Resident 4	************* age 31
Resident 5	******************* age 30

Property Details for 6431 Madison Ave

Property Age

101 years

(Remodeled 1985)

20 years older than zip median

Property Details

Property Sq Ft

Living Area

688 sq ft

26% below market

Lot Size

4,059 sq ft

24% below market

Price Per Sq Ft

Living Area

$165 / sq ft

1% above market

Lot Size Area

$28 / sq ft

4% below market

Property Information

Property condition, age, exterior, etc. for 6431 Madis…

Land & Location Information

Longitude: -87.511039 Latitude: 41.596264 Parcel Number (APN): 45-06-01-482-010.000-023…

Recommended Properties in 46324

Discover more single family homes near 6431 Madison Ave in Hammond, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Good value per sqft
$160K - $179K
Est. Value
261 173rd St, Hammond, IN 46324
3 beds · 1 baths · 1,528 sq ft · Built: 1930
Owner Age 55 - 65
$147K - $159K
Est. Value
7215 Jackson Ave, Hammond, IN 46324
2 beds · 1 baths · 806 sq ft · Built: 1941
Valued above Market Median
$204K - $228K
Est. Value
7148 Jefferson Ave, Hammond, IN 46324
3 beds · 1 baths · 2,000 sq ft · Last Sold: $227,025 in 2023 · Built: 1940
Owned for 10 - 15 Years
$149K - $168K
Est. Value
7447 Harrison Ave, Hammond, IN 46324
2 beds · 2 baths · 891 sq ft · Last Sold: $77,345 in 2011 · Built: 1952
Owned for Less Than 5 Years
$177K - $189K
Est. Value
7520 Monroe Ave, Hammond, IN 46324
3 beds · 1 baths · 1,025 sq ft · Last Sold: $211,233 in 2024 · Built: 1951
Owned for 15 - 25 Years
$153K - $169K
Est. Value
7731 Magnolia Ave, Hammond, IN 46324
3 beds · 1 baths · 1,156 sq ft · Last Sold: $92,776 in 2007 · Built: 1958
High Demand Long-Term Rental
$123K - $135K
Est. Value
7745 Birch Dr, Hammond, IN 46324
2 beds · 1 baths · 957 sq ft · Last Sold: $60,000 in 2016 · Built: 1953
Valued below Market Median
$131K - $146K
Est. Value
1616 173rd St, Hammond, IN 46324
3 beds · 1 baths · 1,049 sq ft · Last Sold: $29,559 in 2017 · Built: 1953
Owner Age 55 - 65
$172K - $186K
Est. Value
6939 Jackson Ave, Hammond, IN 46324
3 beds · 1 baths · 1,136 sq ft · Last Sold: $179,000 in 2023 · Built: 1941
High Demand Long-Term Rental
$170K - $185K
Est. Value
7010 Van Buren Ave, Hammond, IN 46324
3 beds · 1 baths · 1,118 sq ft · Last Sold: $119,567 in 2006 · Built: 1925
Valued above Market Median
$226K - $246K
Est. Value
7410 Madison Ave, Hammond, IN 46324
3 beds · 1 baths · 1,320 sq ft · Built: 1929
Owned for Less Than 5 Years
$145K - $158K
Est. Value
7420 Magoun Ave, Hammond, IN 46324
2 beds · 1 baths · 800 sq ft · Last Sold: $113,000 in 2021 · Built: 1949
Owned for 25 - 50 Years
$200K - $224K
Est. Value
240 173rd Pl, Hammond, IN 46324
3 beds · 2 baths · 1,089 sq ft · Built: 1954
Owned for 5 - 10 Years
$133K - $149K
Est. Value
7525 Beech Ave, Hammond, IN 46324
3 beds · 1 baths · 994 sq ft · Last Sold: $82,000 in 2019 · Built: 1952
Owner Age 45 - 55
$171K - $191K
Est. Value
6736 Ridgeland Ave, Hammond, IN 46324
3 beds · 1 baths · 1,536 sq ft · Last Sold: $123,823 in 2004 · Built: 1949
Valued below Market Median
$119K - $130K
Est. Value
1219 170th St, Hammond, IN 46324
2 beds · 1 baths · 725 sq ft · Built: 1951
Owned for Less Than 5 Years
$148K - $160K
Est. Value
7606 Chestnut Ave, Hammond, IN 46324
3 beds · 1 baths · 900 sq ft · Last Sold: $178,031 in 2024 · Built: 1952
Owner Age 55 - 65
$185K - $201K
Est. Value
6311 Madison Ave, Hammond, IN 46324
4 beds · 1 baths · 1,892 sq ft · Last Sold: $52,500 in 2009 · Built: 1914
Good value per sqft
$196K - $218K
Est. Value
539 Florence St, Hammond, IN 46324
3 beds · 1 baths · 2,664 sq ft · Built: 1880
Valued above Market Median
$180K - $203K
Est. Value
1035 Spruce St, Hammond, IN 46324
3 beds · 3 baths · 2,044 sq ft · Built: 1949

Market Benchmarks

Compare data for 6431 Madison Ave in Lake County to the median in the zip code area and surrounding markets, where available.

View zip code benchmarks

Property

Zip

Difference

State

Difference

$113,264

$157,003

-$43,738 (-28%)

$138,759

-$25,495 (-18%)

$******

$********

$****** (****%)

$213,290

-$57,361 (-27%)

YoY Price Change

****%

5.26%

-110%

Year Built

1924

1944

-20 years

1947

-23 years

Living Space

688 sq ft

929 sq ft

-241 (-26%)

1,104 sq ft

-416 (-38%)

$ Per Living Sq Ft

$165

$162

$2 (1%)

$125

$40 (32%)

Lot Size

4,059 sq ft

5,332 sq ft

-1273 (-24%)

8,260 sq ft

-4201 (-51%)

$ Per Lot Sq Ft

$28

$29

-$1 (-4%)

$18

$10 (58%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$*** (****%)

$14,228

-$2,054 (-14%)

Annual Revenue

$16,200

$17,400

-$1,200 (-7%)

$18,600

-$2,400 (-13%)

$****

$***** (****%)

$4,008

$18 (0%)

Net Operating Income

$*****

$*** (****%)

$14,228

-$2,054 (-14%)

Cap Rate

****%

—

9.72%

—

View Zip code Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

Property Condition	*******View Condition
Property Type	Single Family Home
Total Bedrooms	2
Total Bathrooms	1
Year Built	1924
Building Sq Ft	688 sq ft
Lot Size	0 Acres
Living Space	688 sq ft
Basement	688 sq ft
Heating / Fuel	Warm Air
Air Conditioning	Central A/C
Roof Covering	Asphalt Shingle
Garage	Garage
Sewer	Public

APN	45-06-01-482-010.000-023
Census Tract	0214002001
Municipality	North Twp
County	Lake
Subdivision	Calumet Heights
Neighborhood	46324
Longitude / Latitude	-87.511039 / 41.596264
Lot Size	4,059 sq ft

6431 Madison Ave Hammond, IN 46324

property value

$113,264

market valuation

$157,003

market valuation

$156,649

investment intelligence

Investment Potential for 6431 Madison Ave

rental income

property appreciation

Last Sale Amount

$40,000

property value

$113K

($108K - $119K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 6431 Madison Ave

Occupancy

Appreciation Since Purchased

$73,264

Number of Owners

1

Property Owners

Jorge Luis Martinez, age **

Property Ownership Information

Occupancy

Property Details for 6431 Madison Ave

Property Age

101 years

(Remodeled 1985)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Recommended Properties in 46324

$160K - $179K

Est. Value

261 173rd St, Hammond, IN 46324

3 beds · 1 baths · 1,528 sq ft · Built: 1930

$147K - $159K

Est. Value

7215 Jackson Ave, Hammond, IN 46324

2 beds · 1 baths · 806 sq ft · Built: 1941

$204K - $228K

Est. Value

7148 Jefferson Ave, Hammond, IN 46324

3 beds · 1 baths · 2,000 sq ft · Last Sold: $227,025 in 2023 · Built: 1940

$149K - $168K

Est. Value

7447 Harrison Ave, Hammond, IN 46324

2 beds · 2 baths · 891 sq ft · Last Sold: $77,345 in 2011 · Built: 1952

$177K - $189K

Est. Value

7520 Monroe Ave, Hammond, IN 46324

3 beds · 1 baths · 1,025 sq ft · Last Sold: $211,233 in 2024 · Built: 1951

$153K - $169K

Est. Value

7731 Magnolia Ave, Hammond, IN 46324

3 beds · 1 baths · 1,156 sq ft · Last Sold: $92,776 in 2007 · Built: 1958

$123K - $135K

Est. Value

7745 Birch Dr, Hammond, IN 46324

2 beds · 1 baths · 957 sq ft · Last Sold: $60,000 in 2016 · Built: 1953

$131K - $146K

Est. Value

1616 173rd St, Hammond, IN 46324

3 beds · 1 baths · 1,049 sq ft · Last Sold: $29,559 in 2017 · Built: 1953

$172K - $186K

Est. Value

6939 Jackson Ave, Hammond, IN 46324

3 beds · 1 baths · 1,136 sq ft · Last Sold: $179,000 in 2023 · Built: 1941

$170K - $185K