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Duplex with Two 3-Bedroom Units
New
For Sale
$190,000

408 Vernon Avenue, East Chicago, IN 46312

Residential Income, East Chicago, IN

Property SizeContact for details
Lot Size0.06 Acres
Days on Market3

Property Features for 408 Vernon Avenue

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, Basement
Parking features On Street, Alley
Patio and Porch features Porch
Interior features Eat-in Kitchen
Exterior features Rain Gutters
Basement Unfinished
Subdivision Ladd & Smiths Add
Lot features Landscaped
Directions From US-30 East toward Merrillville. Take I-65 North toward Chicago. Take I-80/94 East toward Indiana. Take the exit for US-12 / Indianapolis Blvd toward East Chicago. Continue to Vernon Ave. Turn onto Vernon Ave; property is at 408 Vernon Ave.
Standard status Active
APN 450328304014000024
Lot size 0.06 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Description LADD & SMITH'S ADD. L.4
Tax Annual Amount 2704
Legal Description LADD & SMITH'S ADD. L.4

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1923
Floors in Building 2
Listing Agency: Listing Leaders
Listed By: Sonia Veschak
Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 10:06PM
MLS# 847386

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.

Rey
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Investment Insights

Based on property information with market context.

This East Chicago duplex contains two three-bedroom residences and was built in 1923. Property features include a basement, eat-in kitchens, rain gutters, and a porch. Forced-air heating serves the building, with public water and public sewer.

The 0.0574-acre property has alley and on-street parking. Shopping, local amenities, major roadways, and commuter routes are identified in the surrounding area.

Key Highlights

  • Two tenant‑occupied residences, each with 3 bedrooms
  • Built in 1923
  • 0.0574‑acre lot

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

536
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences are tenant-occupied, with eat-in kitchens and porch access.
Where is this duplex located?
The property is located at 408 Vernon Avenue East Chicago, IN.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two tenant‑occupied residences, each with 3 bedrooms; Built in 1923; 0.0574‑acre lot
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