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Brick Quadplex
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4228 Ivy Street, East Chicago, IN 46312

Four-unit residential income property with separate furnaces and partial updates.

Property SizeContact for details
Days on Market227

Property Features for 4228 Ivy Street

General Information

Standard status Active
Property subtype Multifamily
Occupancy 50%

Property Condition

Severity Repairs Needed
Evidence Some TLC is needed

Additional Details

Utilities to Site Yes
Multifamily Units 4

Building Details

Year Built 1929
Buildings 1
Construction brick
Listing Agency: Listing Leaders Prestige LLC
Listed By: Adrien Chabot · License #IN
Source: Crexi
Added: Jan 15 Changed: Aug 29 Last Checked: Aug 29 at 6:53PM

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 Prestige LLC

Investment Insights

Based on property information with market context.

Built in 1929, this brick quadplex contains four residential units with spacious rooms and more than 4,000 square feet of livable space. The property has received partial updates, including a new rear roof, while the front roof requires repairs. Each unit is equipped with its own furnace.

Two of the four units are currently occupied. The owner pays water, sewer, and trash service, providing a defined utility structure for the property. Additional work remains to be completed, including repairs to the front roof.

Key Highlights

  • Four‑unit brick property built in 1929
  • More than 4,000 square feet of livable space
  • Two of 4 units currently occupied

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store 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

4
Residential units
50%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

774
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?
Quadplex - Four-unit residential income property with separate furnaces and partial updates.
Where is this quadplex located?
The property is located at 4228 Ivy Street East Chicago, IN.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Four‑unit brick property built in 1929; More than 4,000 square feet of livable space; Two of 4 units currently occupied
(219) 741-0366 Call to check price and availability
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