1219 W 150th St · East Chicago, IN 46312

$269,900

None bd · None ba · 6,162 sqft · MultiFamily public records · 21 Days on market

Built 1910 3,746 sqft lot Est $210k · 29% over

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.8/10.0
• Rent growth +4.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Business and Apartment opportunity. . Live in one apartment and have your own store or business in the same building. Located on a corner. This has a type of convenient store, with a potential of carry out food. When it was all re-done, , it was doing great traffic. The units are, , 1 in the front is the store, , 1-S, is a one bedroom, 2-N, is a 2 bedroom, , and 2-S is a one bedroom, , there is also a 2 car detached garage, in need of work, and a fenced yard. Full basement for storage and equipment. Newer repaired roof. Updated plumbing and electric. Well traveled street to provide exposure for any new business. .

Key facts

• Newer repaired roof
• Fenced yard
• Updated electric

Tags

• FENCED YARD
• FULL BASEMENT
• NEWER REPAIRED ROOF
• UPDATED PLUMBING
• UPDATED ELECTRIC

Property features AI

Finance

• Financial info: Property contains 4 units (currently tenant-occupied)

Exterior

• Parking: Detached 2-car garage; Total 2 parking spaces
• Security: Security lights; Security system
• Utilities: Public water; Public sewer; Electricity connected (including 100 Amp service, circuit breakers, 200+ Amp service); Natural gas connected/available
• Home design: Two-story multi-unit building (4 units); Built in 1910; Condition: Fixer
• Construction: Composition roof
• Exterior features: Private yard; Exterior lighting; Exterior storage; Enclosed porch/patio; Neighborhood view

Interior

• Kitchen: Refrigerator; Range; Range hood; Gas water heater
• Flooring: Hardwood; Carpet; Vinyl
• Heating & cooling: Central heating (forced air, natural gas); Other cooling
• Interior features: Eat-in kitchen; High ceilings; Full unfinished basement with interior entry and storage space
• Laundry & utility: Washer hookup (lower level); Gas dryer hookup (lower level)

What this means for you Summary

Snapshot

• This is a multifamily listed at $270k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $270k).
• Recommended offer: $266k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 8.2% in East Chicago — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#371 in IN) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A; Watch: health & safety D+, schools F, crime F.
• School City Of East Chicago (suburban): math 7% / reading 15% proficiency, ranked #293 of 301 in IN (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 89% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+8.1%/yr); 79 active listings in the ZIP; lower-income renter base — watch delinquency; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).
• At $4,140/mo this rent would consume 118% of the median local household income ($42k/yr) (locally 1227% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $1k of equity ($2k loan paydown + $-819 appreciation (-0.3% local appreciation)).
• Lake County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.3% appreciation + 8.0% rent growth), your $76k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($266k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $265,851 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.53% ✓
• Cap rate: 13.18%
• Cash-on-cash: 24.61%
• DSCR: 2.09
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $209,508
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4805 Indianapolis Blvd #7	0.45mi	16/6.0	6,804 (+10%)	20mo	$230,000	$34	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.3% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 28.6%
• Equity multiple: 2.44×
• Total profit: $108,825
• Equity at exit: $74,300

10-year hold

• IRR: 35.4%
• Equity multiple: 5.66×
• Total profit: $352,466
• Equity at exit: $86,125

Cash invested: $75,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46312

• Home prices YoY: -0.1%
• Rents YoY: 8.1%
• Active inventory: 79
• Price-to-rent: 22.8×

Monthly cashflow live

• Estimated rent: $4,140 medium
• Mortgage (P&I): −$1,415
• Tax from tax record: −$193 /mo · $2,318/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$869
• Net cashflow: $1,550

Break-even live

Break-even rent $2,178

Max offer price $269,900

Occupancy floor 58%

Sensitivity live

Price	-10% $1,702	-5% $1,626	+0% $1,550	+5% $1,473	+10% $1,397
Rent	-10% $1,223	-5% $1,386	+0% $1,550	+5% $1,713	+10% $1,877
Rate	-1.0pp $1,686	-0.5pp $1,618	base $1,550	+0.5pp $1,480	+1.0pp $1,409

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	1	1	$2,958
1× unit	2	1	$1,182
Total (4 units)			$4,140

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $67,475
• Closing costs: $8,097
• Reserves months: —
• Total cash needed: —

Listing history 45 events

1. 2026-06-18
   days on market $269,900 Active 21 DOM
2. 2026-06-17
   days on market $269,900 Active 20 DOM
3. 2026-06-16
   days on market $269,900 Active 19 DOM
4. 2026-06-15
   days on market $269,900 Active 18 DOM
5. 2026-06-13
   days on market $269,900 Active 16 DOM
6. 2026-06-13
   days on market $269,900 Active 15 DOM
7. 2026-06-09
   days on market $269,900 Active 12 DOM
8. 2026-06-08
   days on market $269,900 Active 11 DOM
9. 2026-06-07
   days on market $269,900 Active 10 DOM
10. 2026-06-04
    days on market $269,900 Active 7 DOM
11. 2026-06-03
    days on market $269,900 Active 6 DOM
12. 2026-06-02
    days on market $269,900 Active 5 DOM
13. 2026-06-01
    days on market $269,900 Active 4 DOM
14. 2026-05-31
    days on market $269,900 Active 3 DOM
15. 2026-05-26
    listed $269,900 Active
16. 2015-12-24
    historical
17. 2015-08-04
    listed $75,000
18. 2015-05-15
    historical
19. 2014-11-01
    listed $95,000
20. 2014-11-01
    historical
21. 2014-04-06
    listed $100,000
22. 2014-01-01
    historical
23. 2013-03-14
    listed $114,900
24. 2013-03-08
    historical
25. 2011-09-07
    listed $124,900
26. 2008-10-19
    historical
27. 2008-04-04
    historical
28. 2008-01-18
    listed $169,900
29. 2007-06-20
    listed $179,900
30. 2007-04-17
    historical
31. 2007-01-15
    listed $179,900
32. 2006-03-01
    historical
33. 2005-08-28
    listed $179,900
34. 2005-08-22
    historical
35. 2005-02-21
    listed $179,900
36. 2005-02-20
    historical
37. 2004-08-20
    historical
38. 2004-08-19
    listed $189,900
39. 2004-02-19
    listed $189,900
40. 2002-09-17
    historical
41. 2002-03-16
    listed $195,000
42. 2001-06-11
    historical
43. 2001-06-08
    listed $195,000
44. 2001-03-05
    historical
45. 2000-11-17
    listed $230,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $2,318 · $193/mo
• Projected year-2 tax: $2,318 · $193/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $49,680
• − Mortgage interest: −$15,119
• − Property taxes: −$2,318
• − Insurance: −$1,350
• − Repairs & maintenance: −$3,974
• − Management: −$3,974
• − Depreciation: −$7,852
• Taxable income: $15,093
• Est. tax owed @ 24.0%: −$3,622
• After-tax cash flow: $14,973/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: School City Of East Chicago
• NCES district ID: 1802880
• Math proficiency: 7% ▼ -10.00%
• Reading proficiency: 15% ▼ -7.00%
• Median HH income: $28,423
• Composite: 8.36/100
• National rank: #9909
• State rank: #293 of 301 in IN

Livability — East Chicago

• Score: 64/100
• State rank: #371
• US rank: #13869

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment F Housing A Health & safety D+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Chicago, IN
• County: Lake County · 422,878 people
• City population: 26,022
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 26,022
• Household income: $42,125
• Rent vs Own: 57.1% rent · 42.9% own
• Severe rent burden: 1227.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 484,026 people
• By 2030: 478,091 · -1.2%
• By 2040: 462,974 · -4.3%
• By 2050: 449,894 · -7.1%
• By 2075: 436,169 · -9.9%
• By 2100: 426,607 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (56%)
• Race & ethnicity: Hispanic / Latino 56% Black 36% Two or more races 11% White 7%
• Hispanic origin (detail): Mexican 45% Puerto Rican 6%
• Common ancestry: Romanian 2%
• Foreign-born: 16% · Canada
• Languages at home: 59% English-only · Spanish 40%

Political lean MEDSL · Lake

• 2024 margin: Lean D (+5.6) · D 52.1% · R 46.5% · Other 1.5%
• 2008→2024 swing: -28.6pp toward R · 2008: 34.3pp · 2024: 5.6pp
• All cycles: 2024: D+5.6 2020: D+15.1 2016: D+20.6 2012: D+31.0 2008: D+34.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.30%
• Current HPI: 267.9232
• Rent YoY: ▲ 8.06%
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+17.3% since first listed

31 events — show timeline

• 2026-05-26 Listed $269,900 NIRA MLS as Distributed by MLS Grid
• 2015-12-24 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2015-08-04 Listed $75,000 NIRA MLS as Distributed by MLS Grid
• 2015-05-15 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2014-11-01 Listed $95,000 NIRA MLS as Distributed by MLS Grid
• 2014-11-01 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2014-04-06 Listed $100,000 NIRA MLS as Distributed by MLS Grid
• 2014-01-01 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2013-03-14 Listed $114,900 NIRA MLS as Distributed by MLS Grid
• 2013-03-08 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2011-09-07 Listed $124,900 NIRA MLS as Distributed by MLS Grid
• 2008-10-19 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2008-04-04 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2008-01-18 Listed $169,900 NIRA MLS as Distributed by MLS Grid
• 2007-06-20 Listed $179,900 NIRA MLS as Distributed by MLS Grid
• 2007-04-17 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2007-01-15 Listed $179,900 NIRA MLS as Distributed by MLS Grid
• 2006-03-01 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2005-08-28 Listed $179,900 NIRA MLS as Distributed by MLS Grid
• 2005-08-22 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2005-02-21 Listed $179,900 NIRA MLS as Distributed by MLS Grid
• 2005-02-20 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2004-08-20 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2004-08-19 Listed $189,900 NIRA MLS as Distributed by MLS Grid
• 2004-02-19 Listed $189,900 NIRA MLS as Distributed by MLS Grid
• 2002-09-17 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2002-03-16 Listed $195,000 NIRA MLS as Distributed by MLS Grid
• 2001-06-11 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2001-06-08 Listed $195,000 NIRA MLS as Distributed by MLS Grid
• 2001-03-05 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2000-11-17 Listed $230,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+0.8%/yr

Latest (2024): $2,318 · -1.7% YoY. Source: county tax records.