Individually Owned Property summary
This exceptional 6,606 square foot multifamily property, built in 1927, presents a unique investment opportunity in East Chicago, Indiana. Located at 3934 Elm Street, this former funeral home boasts a main floor encompassing 2,835 square feet, featuring a lobby/waiting area, office space, men's and women's restrooms, and a two-car garage (935 sq ft). The second floor offers approximately 2,835 square feet, currently divided into two apartments, each with a living room, dining room, kitchen,… one bedroom, and one bathroom. These apartments offer immediate rental income potential, allowing for dual occupancy or leasing while operating a business on the main floor. The property sits on a 0.11-acre lot and is zoned R-4, Multi-Family Dwelling, providing flexibility for future development or continued use as a multi-family residence. Situated in Lake County, this property benefits from low Indiana taxes and its proximity to both downtown Chicago (approximately 18 miles) and Gary, Indiana. The asking price is $360,000, translating to $54.50 per square foot. This presents a compelling opportunity for investors seeking a versatile property with strong potential for rental income and future appreciation in a strategically located area. The property's size and zoning allow for a variety of uses, making it an attractive investment for both experienced and new investors.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 9 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 10,527 SF
- Lot area
- 0.11 ac
- Year built
- 1927
- Stories
- 3
- APN
- 45-03-22-354-031.000-024
- Assessed value · 2023
- $149,200
- Annual tax · 2022
- $5,608
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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