524 Riga PlEast Chicago, IN 46312

Property Details for 524 Riga Pl

Year built

1903

Property size (Sq ft)

1,560 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a charming two-story, three-unit apartment building situated at 524 Riga Place in East Chicago, Indiana, 46312. Built in 1903, this 1,560 square foot property sits on a 2,575 square foot lot and offers a diverse range of living spaces, including a one-bedroom, a two-bedroom, and a three-bedroom unit. The asking price is $179,000, translating to a price per square foot of $114.74 and a price per unit of approximately $59,667. This multifamily property presents a compelling investment prospect with the potential for strong rental income. The property's location in East Chicago, Lake County, Indiana provides convenient access to local amenities and transportation. The building's solid construction and established rental history make it an attractive option for both seasoned and novice investors seeking a stable and potentially lucrative addition to their portfolio. This is a rare opportunity to acquire a well-maintained multi-unit property in a desirable location at a competitive price. Serious inquiries are encouraged.

Location Insight

City

East Chicago

County

Lake

State

Indiana

Latitude

41.6331

Longitude

-87.4774

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