Listing provided courtesy of New Chapter Real EstateNorthwest Indiana MLSMLS# 841435MLS Provider
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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.

Source: Northwest Indiana MLS, MLS#: 841435

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  • Property Type
    Residential Income
  • Lot
    0.10 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 4008 Fir Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/29/2026Source: Northwest Indiana MLS Added to Database
June 29, 2026
5/9/2025Source: Northwest Indiana MLS Status Change
Closed
4/22/2025Source: Northwest Indiana MLS Status Change
Pending
3/2/2025Source: Northwest Indiana MLS Price Reduction
$159,000 -3.6%
11/25/2024Source: Northwest Indiana MLS Added to Database
November 25, 2024