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Remodeled Brick Triplex
For Sale
Contact for pricing
Pending

3903 Elm St, East Chicago, IN 46312

Leased units feature updated building systems and finishes, with a garage currently used for storage.

Property SizeContact for details
Days on Market143

Property Features for 3903 Elm St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Financials

Cap Rate 11%
Average Monthly Rent $875

Additional Details

Multifamily Units 3

Building Details

Construction brick
Listing Agency: McCormick Real Estate
Listed By: Jeff Mccormick · License #IN RB14033291
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 7:45PM

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 McCormick Real Estate

Investment Insights

Based on property information with market context.

This brick triplex contains three residential units and has undergone a complete remodel. Improvements include new electrical, plumbing, HVAC, windows, flooring, and roofing, providing updated core systems and interior finishes throughout the building.

All three units are currently rented, while the garage is leased separately for storage use. The property is located at 3903 Elm St in East Chicago, Indiana, and the current cap rate is 11%.

Key Highlights

  • Three‑unit brick triplex at 3903 Elm St, East Chicago, IN 46312
  • Complete remodel includes new electric, plumbing, HVAC, windows, flooring, and roof
  • All 3 units are currently rented

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

892
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Leased units feature updated building systems and finishes, with a garage currently used for storage.
Where is this triplex located?
The property is located at 3903 Elm St East Chicago, IN.
What are key features of this property?
This property features: Three‑unit brick triplex at 3903 Elm St, East Chicago, IN 46312; Complete remodel includes new electric, plumbing, HVAC, windows, flooring, and roof; All 3 units are currently rented
(219) 613-5643 Call to check price and availability
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