Back to Search
Property profile & analytics
OFF-MARKET
Residential income homes
4015 Drummond St East Chicago, IN 46312-2086
Entity Owned
4-yr Hold
Free & Clear
Property ID
US31-0419342
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1908
Construction
WOOD
Total area
3,900 SF
Lot
0.08 ac (3,702 SF)
APN
45-03-21-481-008.000-024
UPID
US31-0419342
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
Current use
Occupant on record · Public records
-
STELLAR TRUCK ROAD SERVICE ASSISTANCE Hardware & Home Improvement General Contractor
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
Moirai Land Acquisition Group LLC · 4 yrs held
Moirai Land Acquisition Group LLC
since 2021
7 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
$3,142
Tax year 2022
Assessed value
$52,400
Assessed 2023
Previous assessed
$52,400
+0.0% YoY
Effective rate
6.00%
On assessed value
Assessed land
$5,400
Assessed improvement
$47,000
Land market value
$5,400
Improvement market value
$47,000
Total market value
$52,400
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
1908
Construction
WOOD
Heating
GRAVITY
Stories
3
Units
4
Bathrooms
4
Total area
3,900 SF
Lot
0.08 ac (3,702 SF)
APN
45-03-21-481-008.000-024
UPID
US31-0419342
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
1908
Construction
WOOD
Heating
GRAVITY
Stories
3
Units
4
Bathrooms
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
Moirai Land Acquisition Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4607 MAGOUN AVE, EAST CHICAGO, IN 46312-3242
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
—
Moirai Land Acquisition Group LLC
Humble Homes J&m LLC
Warranty Deed
—
Oct 12, 2021
—
Humble Homes Jkm LLC
Tsm Real Etate Investments LLC
Land Contract
$48,000 · Humble Homes J&m LLC
Jun 2, 2020
—
Humble Homes J & M LLC
Parkland Homes LLC
Quit Claim Deed
related
—
Mar 4, 2020
—
Parkland Homes LLC
Elmer R/e Invs LLC
Correction Deed
related
—
Jan 24, 2020
—
Parkland Homes LLC
Elmer R/e Invs LLC
Quit Claim Deed
related
—
Nov 12, 2015
—
Elmer Real Estate Investments
Gonzalez,jose
Quit Claim Deed
related
—
Nov 3, 2014
—
Jose Gonzalez
Tjm Real Estate Investments
Quit Claim Deed
related
—
Apr 23, 2014
$48,000
Brenda Valdez
Tjm Real Estate Investments
Dual Purpose Document
$43,200 · Tjm Real Estate Investments
Mar 14, 2014
$2,700
Tjm Real Estate Investments
Auditor Of Lake County
Tax Deed
related
—
—
—
Eutimio M Zavala SR.
—
Deed Of Trust
related
$25,000 · Fleet National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4015 Drummond St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
