$274,900

beds

baths

2,331

square ft

3906 Catalpa Street

East Chicago, Indiana 46312

New / MLS #834237 / Multiple Unit (2-4) / East Chicago

Listing information updated 3/2/2026 at 10:24am

Turnkey 3-Unit Investment! Immediate Cash Flow! Don't miss this fully renovated 3-unit multifamily property offering strong income potential from day one. 1 of the three units are already tenant-occupied, providing immediate cash flow with minimal upfront stabilization needed. Each unit features a 2-bedroom, 1-bath layout, making it highly desirable for long-term rental demand. The property has been extensively updated, reducing maintenance concerns and capital expenditures for years to come. Recent Improvements Include: New roof, New water heaters, New plumbing, Fully renovated kitchens and bathrooms, Fresh paint, updated flooring, trim, and fixtures throughout, Newly built front porch and stairs. Interior Upgrades: Modern kitchens with grey shaker cabinetry, black hardware, marble-look countertops, and durable tile flooring. Bathrooms feature updated vanities, marble-look tile surrounds, and matte black fixtures, designed for durability and tenant appeal. With major mechanicals already updated and one unit producing income, this is a low-maintenance addition to any rental portfolio. Ideal for investors seeking a stabilized asset or owner-occupants looking to offset their mortgage with rental income.

Full Features

Basement:

Other

Beds Above Grade:

Cooling System:

None

Heating System:

Forced Air

Appliances:

Range, Refrigerator

Pool:

Age:

106 Years

Roof Type:

Shingle

Parking Type:

Detached

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

2,331

Lot Size:

0.0849 Acres

Acreage:

0.0849

Taxes & Assessments

Tax Amount:

$742

Tax Year:

2025

Location

Zip Code:

46312

City:

East Chicago

County:

Lake

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Other

Beds Above Grade:

Cooling System:

None

Heating System:

Forced Air

Appliances:

Range, Refrigerator

Pool:

Age:

106 Years

Roof Type:

Shingle

Parking Type:

Detached

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

2,331

Lot Size:

0.0849 Acres

Acreage:

0.0849

Tax Amount:

$742

Tax Year:

2025

Zip Code:

46312

City:

East Chicago

County:

Lake

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: @PROPERTIES

Listing Office Phone: 219.440.0070

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/2/2026 at 10:24am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.