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    Property profile & analytics

    2731 Central Ave Lake Station, IN 46405-2201

    • Residential income homes
    • 5,876 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US31-0452525
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rey's Barbershop / Barber Shop

    Property Details for 2731 Central Ave

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    5,876 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-09-17-401-005.000-021
    APU
    450917401005000021

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $270,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $290,000
      Mixed-Use
      $330,000
      Hospitality
      $340,000
      Educational
      $270,000
      Residential Income
      $355,000
      Energy
      $310,000
      Income-Based Land
      $295,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Station
    County
    Lake
    State
    Indiana
    Longitude
    -87.2502
    Latitude
    41.5725
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,982
    $10,900
    $137,700
    $148,600
    -
    $10,900
    $137,700
    $148,600

    Comparable in this City

    • Value Estimation
      $285,000
      2,784 SF

      1916 Warren St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,784 SF
      1916 Warren St, Lake Station, IN 46405-1216
      View Details
    • Value Estimation
      $330,000
      3,444 SF

      3451 Central Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,444 SF
      3451 Central Ave, Lake Station, IN 46405-2274
      View Details
    • Value Estimation
      $300,000
      2,673 SF

      3611 Arizona St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,673 SF
      3611 Arizona St, Lake Station, IN 46405-3121
      View Details
    • Value Estimation
      $315,000
      3,236 SF

      3930 Schneider St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,236 SF
      3930 Schneider St, Lake Station, IN 46405-2469
      View Details
    • Value Estimation
      $350,000
      3,392 SF

      2450 County Line Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,392 SF
      2450 County Line Rd, Lake Station, IN 46405-2676
      View Details
    • Value Estimation
      $285,000
      1,152 SF

      2775 Dekalb St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,152 SF
      2775 Dekalb St, Lake Station, IN 46405-1520
      View Details

    Similar Nearby for Sale

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      0.21 Acres

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      Two homes on one lot, ideal for investors.
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    • Contact for pricing
      0.21 Acres

      Residential Lot in Lake Station

      Buildable corner lot near amenities and I-80/94 in Lake Station.
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    • $34,900
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      Land in Lake Station, IN

      Vacant land available in Lake Station, Indiana.
      2820 New York St, Lake Station, IN 46405
      View Details
    • Contact for pricing
      0.30 Acres

      Residential Building Lot Near Bike Trail

      Building lot in Lake Station, Indiana, near bike trail.
      2899 State St, Lake Station, IN 46405
      View Details
    • $200,000
      3,894 SF

      Turnkey Pub and Grub Business

      Turnkey pub and grub with licenses and apartment for sale.
      2808 Dekalb St, Lake Station, IN 46405
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    • $723,172
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      Lake Station Retail Opportunity

      Retail property for sale in Lake Station, Indiana.
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    2731 Central Ave
    Lake Station, IN 46405-2201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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