Three-Unit Multifamily
For Sale
$144,900
Pending
4140 Baring Ave, East Chicago, IN 46312
Three residential units with updated electrical panels, separate electric metering, boiler heat, and a partially finished basement.
Property Size2,910 SF
Days on Market20
Property Features for 4140 Baring Ave
General Information
Standard status
Pending
Size
2,910 SF
Elevators
No
Property subtype
Residential Income
Site & Location
Highway Access
No
Road Access
No
Public Transit
No
Units
Unit Mix
1 Bedroom, 1 Bedroom
Multifamily Units
2
Additional Details
Furnished
No
Opportunity Zone
No
Sprinkler System
No
Taxes and HOA fees
Annual Taxes
$3,092
Building Details
Buildings
1
Tenancy
Multi-Tenant
Abandoned
No
Listing Agency:
A.R.E. Partners Inc.
(312) 339-7655
Listed By:
Antje Gehrken · License #471002284
(312) 339-7655
Source:
Exprealty
Added: Aug 5
Changed: Aug 23
Last Checked: Aug 22 at 1:07PM
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 A.R.E. Partners Inc.
Investment Insights
Based on property information with market context.
This three-unit multifamily property was built in 1913 and includes one first-floor residence plus two second-floor one-bedroom, one-bath units. The basement is partially finished. Electrical panels have been updated, and the property has four separate electric meters: one serving each unit and one for common areas. Heating is provided by a boiler that was updated approximately 6 years ago.
The first-floor unit is occupied on a month-to-month tenancy without a written lease, while the landlord currently pays all utilities. The property includes a side drive and is being sold AS-IS. It is located minutes from the East Chicago and Hammond Gateway South Shore Line stations, the Chicago Skyway, and the Illinois state line, with access to Downtown Chicago and Northwest Indiana.
The first-floor unit is occupied on a month-to-month tenancy without a written lease, while the landlord currently pays all utilities. The property includes a side drive and is being sold AS-IS. It is located minutes from the East Chicago and Hammond Gateway South Shore Line stations, the Chicago Skyway, and the Illinois state line, with access to Downtown Chicago and Northwest Indiana.
Key Highlights
- Three‑unit multifamily property built in 1913
- Second floor includes two 1‑bedroom/1‑bath units
- Four separate electric meters: three unit meters plus one common‑area meter
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-Tenant-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
336
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units with updated electrical panels, separate electric metering, boiler heat, and a partially finished basement.
Where is this triplex located?
The property is located at 4140 Baring Ave East Chicago, IN.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1913; Second floor includes two 1‑bedroom/1‑bath units; Four separate electric meters: three unit meters plus one common‑area meter
