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7701-7707 Taft Merrillville, IN $ 590,000
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$ 590,000 Get more info
7701-7707 Taft
$ 590,000
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7701-7707 Taft

Merrillville, IN, 46410
$ 590,000
Bedrooms7 Baths4.0

Monthly Estimate*

$ 3,921

7701-7707 Taft, Merrillville, IN 46410 - Image 1
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Multi-Family Home for sale in Merrillville, IN

for $590,000 with 7 bedrooms and 4 full baths. This home was built in 1970 on a lot size of 9.84.

3homes on 9.84acres. Check zoning with town of Merrillville but what I see is C2 in front, so Stripmall or retail in front. Lot goes a quarter mile back so over 1300' feet back. Rear is zoned R5 good for multi-unit not much of a stretch from a PUD which would allow retirement villiage, 200+/- unit apartment complex or condo development. Don't want to develop? well then, resurvey the property, sell 2 of the 3 homes and get your money back then do a market repackage of the rest with a conceptual drawing showing a good size condo development for a quick return on the investment One block away to the north is Brookstone Estates'' phase 1 was built around the year 2000 and is about the same size as this property was originally zoned R5. Brookstone Phase 1 consist of 120 units valued around $165k a piece currently. Now, Brookstone phase 2 is underway and has brand new units starting at $369k per unit. Can you imagine 120+ condo's at $369k a piece? There is money to be made

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Multi-Family Active

Price

$ 590,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,990

Style

Apartment

Lot Size

9.84

Year Built

1970

Town/City

Merrillville

County/Region

Lake

MLS | Web ID

803637
Features
General
Interior Features Elevator
Sewer Other
Heating Forced Air
Utilities Cable Available Sewer Available Natural Gas Available Electricity Available
Appliances Oven Washer Range
Exterior Features Other
Garage Spaces 0
Patio/Porch Features Deck Patio
Year Built 1970
Township Center
Levels One
Property SubType Apartment
Tax Year 2023
Gross Income 0
County Lake
Net Operating Income 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Subdivision Name none
Garage Y/N Y
Total Rooms 18
Status Active
Directions I-65 to US30 exit West to Taft N 3 blocks to 7707 7705 7703 7701 Taft on right or East side of the Street
High School Merrillville High School
City Merrillville
Lot Size Square Feet 428630.4
Tax Annual Amount 10990
Electric Expense 0
Trash Expense 0
Standard Status Active
Total Actual Rent 28800
Taxes 7961
Legal Description Legal Description: S.110FT. OF N.264FT. OF W.532FT. OF PT. NW. NE. S.20 T.35 R.8 1.36AC. & See attached addendum 1
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Exterior
Fencing None
Parking Features Detached
Lot Features Agricultural Open Lot
Water Source Public
Total Parking 0
Lot Dimensions 242 x 1329.5
Lot Size Acres 9.84
Frontage Length 242
Lot Size Source Assessor
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Interior
Above Grade Finished Area 3400
Full Baths 3
Half Baths 0
3/4 Baths 1
Laundry Features In Unit Other
Total Bedrooms 7
Total Baths 0
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* Excluded Features
List By
Eric Pace

Listing Agent

Bhhs Executive Realty

Broker

paceea@hotmail.com

Email

Affordability Calculator

$4,837
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,921
Monthly Property Taxes
$916
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4001600 Elementary School
4001681 Middle School
Merrillville High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/14/2024$450,000 Listed Price

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7701-7707 Taft, Merrillville, IN, 46410 is a Multi-Family Home for sale at $590,000 with a lot size of 9.84. 7701-7707 Taft has 7 bedrooms, 4.0 baths, and was built in 1970. The property's zip code is 46410 which is in Merrillville, IN

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