612 W 149th Street

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612 W 149th Street

East Chicago, IN 46312
Asking Price
$350K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 612 W 149th Street
  • Asset is currently offered for sale in East Chicago
  • Priced at an asking rate of three hundred fifty thousand dollars
  • Located within the established East Chicago residential submarket
  • Well-positioned to serve workforce housing demand in Indiana

What's Special

This multifamily apartment building is positioned at 612 W 149th Street in East Chicago, Indiana. The asset represents a residential investment within a region known for its industrial roots and proximity to the greater Chicago metropolitan area. As a submarket within Northwest Indiana, East Chicago provides tenants with access to regional transportation corridors and local employment hubs, making it a viable location for workforce housing strategies. Investors looking to expand their portfolio may consider this property for its potential to provide steady rental income in an established neighborhood. The asset is well-suited for owners seeking a traditional multifamily layout in a market that remains sensitive to the demand for affordable residential living options. With its straightforward design and configuration, the building offers a functional footprint for property management operations aimed at long-term stability.

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NOI
$80,000
Cap Rate
22.86%
DSCR
3.85
Strong
Cash-on-Cash
56.40%
Monthly Payment
$1,731.609
Annual Cash Flow
$59,220.692

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