Two-Unit Duplex with Brick
3826 Evergreen St, East Chicago, IN 46312
For Sale
$195,000
Each residence has three bedrooms, a kitchen, and a separate water heater.
Property Size1,896 SF
Price / SF$102.85
Days on Market15
Property Features for 3826 Evergreen St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
brick patio
open-frame porch
Building Details
Buildings
Stories
Listing Agency:
Listing Leaders
(219) 462-5478
Listed By:
Sonia Veschak · License #RB18000494
(219) 306-7036
Source:
Exprealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Listing Leaders
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Investment Insights
Based on property information with market context.
This two-story duplex contains 1,896 square feet of living space arranged as two three-bedroom units. Each unit has its own kitchen and water heater, providing distinct residential accommodations. Exterior features include a brick patio and an open-frame porch.
The property is located in East Chicago, with access to shopping, dining, transportation, and local amenities. It is offered individually, and the seller will also consider its sale together with two other properties as a portfolio.
The property is located in East Chicago, with access to shopping, dining, transportation, and local amenities. It is offered individually, and the seller will also consider its sale together with two other properties as a portfolio.
Key Highlights
- Two‑story duplex with 1,896 square feet of living space
- Two three‑bedroom units, each with a kitchen and separate water heater
- Brick patio and open‑frame porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,774
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,480
$335.5K
Cap Rate 7%
$239,629
$239.6K
Cap Rate 9%
$186,378
$186.4K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$32.3K $17.04/SF
− Vacancy
−$1.8K −$0.95/SF
EGI
$30.5K $16.09/SF
− OpEx
−$13.7K −$7.24/SF
NOI
$16.8K $8.85/SF
Area
Lake County, IN
Vacancy
5.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,480
Cap Rate 7%
$239,629
Cap Rate 9%
$186,378
Alternative Uses
Best Use
Multifamily LT 5
$269.3K
$235.6K – $314.2K
NOI $18,849 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$239.6K
$209.7K – $279.6K
NOI $16,774 @ 7.0% cap · market cap 8.60%
Theoretical Best
Specialty Retail
$529.3K
$463.1K – $617.5K
NOI $37,050 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
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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
$92,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lake County, IN
Properties on Market for Duplexes in Lake County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, a kitchen, and a separate water heater.
Where is this duplex located?
The property is located at 3826 Evergreen St East Chicago, IN.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑story duplex with 1,896 square feet of living space; Two three‑bedroom units, each with a kitchen and separate water heater; Brick patio and open‑frame porch
