Duplex with Brick
New
For Sale
$195,000
3826 Evergreen Street, East Chicago, IN 46312
Residential Income, East Chicago, IN
Property Size1,896 SF
Lot Size0.10 Acres
Price / SF$102.85
Days on Market3
Property Features for 3826 Evergreen Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2
Parking
2
Parking features
On Street, Driveway
Interior features
Eat-in Kitchen
Exterior features
Rain Gutters
Subdivision
Evergreen Street
Lot features
Cul-De-Sac, Front Yard
Directions
Head east on Lincolnway in Valparaiso IN to IN-49 North. Merge onto I-94 West toward Chicago. Take the Cline Avenue (IN-912) exit toward East Chicago. Follow local streets to Evergreen Street and proceed to 3826 Evergreen Street.
Standard status
Active
APN
450322410030000024
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EAST END RESUB. L. 22 BL. 9 AND VAC W 4FT. OF EVERGREEN ST ADJ.
Tax Annual Amount
2436
Legal Description
EAST END RESUB. L. 22 BL. 9 AND VAC W 4FT. OF EVERGREEN ST ADJ.
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1918
Floors in Building
2
Listing Agency:
Listing Leaders
(219) 462-5478
Listed By:
Sonia Veschak
(219) 306-7036
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 10:06PM
MLS# 847415
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 two-story duplex contains approximately 1,896 square feet arranged as two three-bedroom residences. Each unit has its own kitchen and water heater. Exterior features include a brick patio, an open-frame porch, and rain gutters. The property was built in 1918 and occupies a 0.0964-acre lot.
Public water and sewer serve the property. Parking options include a driveway and on-street parking.
Public water and sewer serve the property. Parking options include a driveway and on-street parking.
Key Highlights
- Two‑story duplex with approximately 1,896 sq. ft.
- Two 3‑bedroom units, each with a kitchen and water heater
- Built in 1918 on a 0.0964‑acre lot
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, a kitchen, and a separate water heater.
Where is this duplex located?
The property is located at 3826 Evergreen Street 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 approximately 1,896 sq. ft.; Two 3‑bedroom units, each with a kitchen and water heater; Built in 1918 on a 0.0964‑acre lot
