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3608 W 73rd CT Merrillville, IN 46410
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Key Details
Sold Price $364,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 13,852 sqft
Price per Sqft $26
Subdivision Southbrook 01
MLS Listing ID 832369
Sold Date 02/20/26
Bedrooms 6
Full Baths 2
Three Quarter Bath 1
HOA Y/N No
Year Built 1970
Annual Tax Amount $2,745
Tax Year 2024
Lot Size 0.318 Acres
Acres 0.318
Property Sub-Type Duplex
Property Description
This Merrillville duplex offers a strong income profile with clear upside, anchored by a desirable unit mix and consistent rental demand. The larger 3608 unit features 4 bedrooms, 1.75 baths, and a partially finished basement, positioning it to command projected rents in the 2,200-2,400 range, while the 3610 unit offers 2 bedrooms, 1 full bath, and a fully finished basement with projected rents of 1,700-1,900. At these stabilized rent levels, the property aligns with a competitive 11-13 cap rate target, making it an attractive option for investors seeking both cash flow and long term appreciation. With separate entrances, an extra large driveway, and a quiet cul de sac location near I 65, major employers, and Merrillville's retail corridor, this duplex provides reliable performance today with additional value add potential through strategic cosmetic updates or further basement enhancements.
Location
State IN
County Lake
Zoning Residential
Rooms
Basement Partially Finished, Sump Pump
Interior
Interior Features Eat-in Kitchen
Heating Forced Air
Fireplace N
Appliance Electric Range, Refrigerator, Gas Range
Exterior
Parking Features Driveway, On Street
View Y/N true
Building
Lot Description Back Yard, Landscaped, Front Yard, Cul-De-Sac
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 451218402009000030
SqFt Source Appraiser
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing NRA20260105004441477711000000
Listing Terms NRA20260105004441477711000000
Financing FHA
Pets Allowed No
Read Less
Bought with eXp Realty, LLC




