3934 Elm St, East Chicago, IN 46312-2427
- Commercial real estate
- 10,527 SF
- 0.11 lot acres
Current Use by Public Records
- Oleska-Pastrick Funeral Home / Social Service Agency
Property Details for 3934 Elm St
- Year built
- 1927
- Construction
- WOOD
- Lot size
- 0.11 lot acres
- Property type
- Commercial real estate
- APN
- 45-03-22-354-031.000-024
- APU
- 450322354031000024
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 16, 2025 | — | Dennis M Alexander | — | Deed · related | $25k · American Community Bank Of Indiana |
| Aug 27, 2025 | — | Dennis M Alexander | Ruth Ann Pastrick | Warranty Deed | $268k · American Community Bank Of Indiana |
| Apr 12, 2013 | — | Ruth Ann Pastrick | Pastrick Robert A | Quit Claim Deed · related | — |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- East Chicago
- County
- Lake
- State
- Indiana
- Longitude
- -87.4477
- Latitude
- 41.6409
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
