4008 Fir Street, East Chicago, IN 46312
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: brittany wolak
Office: new chapter real estate219-227-8454
MLS#:841435
Source:Northwest Indiana AOR as distributed by MLS GRID
4008 Fir Street,East Chicago, IN 46312
$199,999
- 2 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Price summary
- Price:$199,999
About this home
Don't miss this outstanding opportunity to add a solid income-producing property to your investment portfolio. This all-brick two-unit multifamily, 2 flat features two spacious units, each currently rented for 1,100 per month with long-term tenants already in place, providing immediate and consistent cash flow from day one. The property has seen numerous recent updates, including a brand-new roof, new white kitchen cabinetry in both units, new bathroom vanities, toilets, and bathtubs, newer flooring in the upper unit, updated plumbing and electrical, and both the sewer line and main sewer line have been replaced. Additional features include a 2-car all-brick detached garage and a fully fenced backyard, making this a low-maintenance investment with many major improvements already completed. Each unit is separately metered with its own gas and electric service, allowing tenants to pay their own utilities and helping maximize your return on investment. Looking to increase cash flow even further? The approximately 800-square-foot unfinished basement includes a 3/4 bathroom, laundry area, and several finished rooms. With the proper approvals, it offers exceptional value-add potential for additional living space or the possibility of creating a third rental unit, providing an opportunity to significantly increase future rental income. Location is another major advantage. With convenient access to major expressways and commuter routes, tenants can enjoy an easy commute to downtown Chicago while benefiting from the affordability of Northwest Indiana housing. Whether you're expanding your investment portfolio or searching for your next value-add multifamily property, this building offers the ideal combination of immediate rental income, extensive updates, long-term tenants, and future upside potential. Investment opportunities like this don't come around often....
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Home facts
- Year built:1918
- Listing ID #:841435
- Added:1 day(s) ago
- Updated:June 29, 2026 at 11:36 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Basement:Yes
- Basement Description:Basement
Structure and exterior
- Year built:1918
- Lot area:0.1 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$199,999
- Tax amount:$1,762 (2024)
Parking
- Parking description:Detached, Off Street
- Garage:Yes
- Garage spaces:2
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