Duplex with Updated
New
For Sale
$150,000
2606 E 140th Place, East Chicago, IN 46312
Residential, East Chicago, IN
Property Size1,100 SF
Lot Size0.25 Acres
Price / SF$136.36
Days on Market2
Property Features for 2606 E 140th Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Family Room, Basement, Dining Room, Bathroom 1, Bedroom 1
Basement
Unfinished, Full
Appliances
Gas Range, Refrigerator, Microwave, Gas Water Heater
Subdivision
Sunnyside Add
Lot features
Back Yard
Directions
Columbus to butternut to 140th Pl.
Standard status
Active
APN
450322457021000024
Size
1,100 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SUNNYSIDE ADD. L. 21 BL.3
Tax Annual Amount
650
Legal Description
SUNNYSIDE ADD. L. 21 BL.3
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Listing Agency:
Keller Williams Preferred Real · Keller Williams Realty
(708) 798-1111
Listed By:
Andrew Weis
(708) 227-6894
Added: Oct 28
Last Checked: Oct 29 at 2:06AM
MLS# 847483
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,100-square-foot duplex, built in 1920, sits on a 0.25-acre lot. Interior updates include a kitchen with new cabinetry, quartz counters, a glass backsplash, and stainless steel appliances, along with luxury vinyl flooring and a renovated full bathroom. The home has three bedrooms, a dining room, a family room, and an unfinished basement.
Recent work includes new plumbing, HVAC, electrical, and a gas water heater. A detached two-car garage and a shed are also on the property. The location is described as close to an expressway and shopping.
Recent work includes new plumbing, HVAC, electrical, and a gas water heater. A detached two-car garage and a shed are also on the property. The location is described as close to an expressway and shopping.
Key Highlights
- 1,100 square feet on a 0.25‑acre lot
- Kitchen updated with new cabinets, quartz countertops, glass backsplash, and stainless steel appliances
- New plumbing, HVAC, electrical, and gas water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,936
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,720
$218.7K
Cap Rate 7%
$156,229
$156.2K
Cap Rate 9%
$121,511
$121.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$16.5K $15.00/SF
− Vacancy
−$878 −$0.80/SF
EGI
$15.6K $14.20/SF
− OpEx
−$4.7K −$4.26/SF
NOI
$10.9K $9.94/SF
Area
Lake County, IN
Vacancy
5.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,720
Cap Rate 7%
$156,229
Cap Rate 9%
$121,511
Alternative Uses
Best Use
Multifamily LT 5
$156.2K
$136.7K – $182.3K
NOI $10,936 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$139.0K
$121.7K – $162.2K
NOI $9,732 @ 7.0% cap · market cap 6.49%
Theoretical Best
Specialty Retail
$307.1K
$268.7K – $358.3K
NOI $21,495 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 46312, IN
26,370
Population
12,429
Households
2.1
Avg Household Size
33
Median Age
10%
College-Educated
74%
High-School Grad
14.0 sq mi
ZIP Area
1,884
Density / Sq Mi
$41,071
Median Household Income
$32,930
Median Earnings
$820
Median Rent
$92,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Recent upgrades include new plumbing, HVAC, electrical, and water-heating systems.
Where is this duplex located?
The property is located at 2606 E 140th Place East Chicago, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,100 square feet on a 0.25‑acre lot; Kitchen updated with new cabinets, quartz countertops, glass backsplash, and stainless steel appliances; New plumbing, HVAC, electrical, and gas water heater
