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Property profile & analytics
OFF-MARKET
Residential income homes
3616 Ivy St East Chicago, IN 46312-2180
Individually Owned
4-yr Hold
Property ID
US31-0163352
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1931
Construction
WOOD
Total area
3,902 SF
Lot
0.1 ac (4,312 SF)
APN
45-03-21-279-017.000-024
UPID
US31-0163352
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alvaro Carrillo · 4 yrs held
Alvaro Carrillo
since 2021
Last sale
$220,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,186
Tax year 2022
Assessed value
$209,300
Assessed 2023
Previous assessed
$209,300
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$16,900
Assessed improvement
$192,400
Land market value
$16,900
Improvement market value
$192,400
Total market value
$209,300
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1931
Construction
WOOD
Heating
HOT WATER
Stories
3
Units
4
Rooms
7
Bathrooms
5
Total area
3,902 SF
Lot
0.1 ac (4,312 SF)
APN
45-03-21-279-017.000-024
UPID
US31-0163352
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1931
Construction
WOOD
Heating
HOT WATER
Stories
3
Units
4
Rooms
7
Bathrooms
5
Lot
0.1 ac
Current owner
From public records · entity-resolved
Alvaro Carrillo
Individual
Mailing address
3616 IVY ST, EAST CHICAGO, IN 46312-2180
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$220,000
Alvaro Carrillo
Ihartproperty LLC
Warranty Deed
$154,000 · Peoples Bank
Feb 25, 2019
—
Ihartproperties LLC
Hart,william D III
Quit Claim Deed
$85,400 · Union Home Mortgage Corp
Jul 13, 2018
—
Ihartproperties LLC
North Shore Distributer INC
Grant Deed
related
—
Jun 9, 2011
—
North Shore Distributer INC
Alrob,ibrahim
Quit Claim Deed
related
—
Apr 27, 2010
—
Ibrahim Alrob
Aurora Ln Svcs LLC
Grant Deed
—
Mar 11, 2010
$161,429
Aurora Ln Svcs LLC
Sheriff Of Lake County
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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