3510 170th Ct · Hammond, IN 46323

$134,900

3 bd · 1.5 ba · 1,154 sqft · Townhouse public records · 67 Days on market

Built 1973 1,176 sqft lot Est $112k · 21% over $190/mo HOA · 11% of rent

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Why this score? — see what drove the D+ 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 +24.9/30.0
• DSCR +8.1/10.0
• 1% rule +7.4/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

Key facts

• Huge walk-in closet
• Overlooks the pond
• $190 HOA

Tags

• NEWER VINYL PLANK FLOORING
• UPDATED KITCHEN AND BATHS
• HUGE WALK-IN CLOSET
• OVERLOOKS THE POND
• LOW-MAINTENANCE LIVING
• HOA COVERING LAWN CARE

Property features AI

Finance

• HOA & community: Homeowners association (Rose Real Estate Inc); Monthly association fee of $190; HOA covers maintenance of grounds and structures, trash, and snow removal; Association provides snow removal

Exterior

• Parking: Detached garage; Garage door opener; Additional parking; 1 garage space
• Security: Smoke detector(s)
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer
• Home design: Two levels; Property is attached; Built in 1973
• Construction: Built in 1973
• Exterior features: Pond view; Trees/woods view; Patio; Rear porch; Garage(s) on property

Interior

• Kitchen: Dishwasher; Gas range; Stainless steel appliances
• Bedrooms: Primary bedroom; Bedroom 2; Bedroom 3
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Walk-in closet(s); Laundry room on main level
• Laundry & utility: Main-level laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $135k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $127k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 5.9% in Hammond — 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 70/100 on livability (#143 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A; Watch: health & safety D+, employment D, schools F.
• School City Of Hammond (suburban): math 8% / reading 18% proficiency, ranked #289 of 301 in IN (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 62 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).
• This rent runs 34% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lake County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y 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.
• Current owner paid $103k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $126,806 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.24% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.17%
• DSCR: 1.41
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $111,938
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3534 170th Pl	0.06mi	3/1.5	1,152 (-0%)	6mo	$122,500	$106	92
3502 170th Ct	0.05mi	2/1.5 (-1)	1,184 (+3%)	24mo	$115,000	$97	68
6765 Nebraska Ave	0.38mi	2/1.5 (-1)	1,056 (-8%)	15mo	$85,000	$80	50

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

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.4%
• Equity multiple: 0.91×
• Total profit: $-3,398
• Equity at exit: $20,114

10-year hold

• IRR: 7.4%
• Equity multiple: 1.56×
• Total profit: $21,057
• Equity at exit: $11,664

Cash invested: $37,772 (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 46323

• Home prices YoY: -18.8%
• Active inventory: 62
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,673 high
• Mortgage (P&I): −$707
• Tax from tax record: −$80 /mo · $955/yr
• Insurance: −$56
• HOA: −$190
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $289

Break-even live

Break-even rent $1,308

Max offer price $134,900

Occupancy floor 78%

Sensitivity live

Price	-10% $365	-5% $327	+0% $289	+5% $250	+10% $212
Rent	-10% $156	-5% $222	+0% $289	+5% $355	+10% $421
Rate	-1.0pp $356	-0.5pp $323	base $289	+0.5pp $254	+1.0pp $218

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3611 167th St Hammond, IN	1.0–2.0	1.0	695	$1,450	$2.09	0d	1	0.50mi
3607 Orchard Dr Hammond, IN	1.0–2.0	1.0	839	$1,539	$1.83	0d	5	0.68mi
6610 Rhode Island Ave Hammond, IN	3.0	1.0	1025	$1,600	$1.56	8d	1	0.73mi
7633 Kentucky Ave Hammond, IN	3.0	1.0	888	$1,595	$1.80	11d	1	0.73mi
6949 Alabama Ave Hammond, IN	2.0	1.5	1200	$1,795	$1.50	4d	1	0.85mi
6320 Rhode Island Ave Hammond, IN	3.0	1.0	916	$1,550	$1.69	3d	1	1.02mi
2723 E 165th St Unit 3 Hammond, IN	2.0	1.0	800	$1,350	$1.69	7d	1	1.23mi

HOA detail

• Monthly dues: $190 · $2,280/yr

Listing history 15 events

1. 2026-05-08
   status Pending
2. 2026-04-18
   price $134,900
3. 2026-03-01
   listed $135,000 Active
4. 2023-05-22
   soldstatus $103,000 Closed 423-char remark

   Show marketing remark (423 chars)

   GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

5. 2023-03-29
   status Pending 423-char remark

   Show marketing remark (423 chars)

   GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

6. 2023-03-08
   status Active 423-char remark

   Show marketing remark (423 chars)

   GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

7. 2023-01-05
   historical Active Under Contract 423-char remark

   Show marketing remark (423 chars)

   GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

8. 2022-12-22
   status Pending 423-char remark

   Show marketing remark (423 chars)

   GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

9. 2022-11-26
   price $105,000 423-char remark

   Show marketing remark (423 chars)

   GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

10. 2022-11-12
    price $115,000 423-char remark

    Show marketing remark (423 chars)

    GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

11. 2022-09-03
    listed $124,900 Active 423-char remark

    Show marketing remark (423 chars)

    GRET DEAL !!!!!NEW PRICE REDUCTON!!!!!! CHECK OUT THIS TURNKEY TOWNHOME located right across MORTON HIGH SCHOOL. Close to Cline Ave and many Restaurants. 2nd Floor has been totally REPAINTED 10/20/2022, New Floors have just been redone 11/05/2022 in the Main Bathroom and laundry room. This house features a BEAUTIFUL VIEW OF A POND in your back yard. NEW AC UNIT was installed recently. NEWER VINYL FLOORING on main level.

12. 2019-05-03
    soldstatus $65,000 510-char remark

    Show marketing remark (510 chars)

    VERY nice Hammond townhome with detached garage offers TONS of updates. Main floor features NEW LUXURY vinyl plank flooring. Eat in kitchen features NEW sink, NEW range hood, NEW counter, NEW ceiling fan & NEW backsplash. LARGE LIVING ROOM overlooks a peaceful pond. Main floor powder room & separate laundry room. NEW SECURITY DOOR and freshly PAINTED throughout. New carpet installed on the stairs leading up to the 3 spacious bedrooms and full bath. So much to see!! Schedule your showing today!

13. 2019-03-06
    listed $67,900 510-char remark

    Show marketing remark (510 chars)

    VERY nice Hammond townhome with detached garage offers TONS of updates. Main floor features NEW LUXURY vinyl plank flooring. Eat in kitchen features NEW sink, NEW range hood, NEW counter, NEW ceiling fan & NEW backsplash. LARGE LIVING ROOM overlooks a peaceful pond. Main floor powder room & separate laundry room. NEW SECURITY DOOR and freshly PAINTED throughout. New carpet installed on the stairs leading up to the 3 spacious bedrooms and full bath. So much to see!! Schedule your showing today!

14. 2017-08-02
    soldstatus $50,000
15. 2017-05-01
    listed $54,900

ⓘ 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: $955 · $80/mo
• Projected year-2 tax: $1,051 · $88/mo
• Expected delta: +$96/yr (+$8/mo · 10.1%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥102°F today · 14 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: $20,076
• − Mortgage interest: −$7,556
• − Property taxes: −$955
• − Insurance: −$674
• − Repairs & maintenance: −$1,606
• − Management: −$1,606
• − HOA: −$2,280
• − Depreciation: −$3,924
• Taxable income: $1,474
• Est. tax owed @ 24.0%: −$354
• After-tax cash flow: $3,108/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 Hammond
• NCES district ID: 1804320
• Math proficiency: 8% ▼ -18.00%
• Reading proficiency: 18% ▼ -15.00%
• Median HH income: $39,970
• Composite: 11.11/100
• National rank: #9730
• State rank: #289 of 301 in IN

Livability — Hammond

• Score: 70/100
• State rank: #143
• US rank: #7343

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hammond, IN
• County: Lake County · 422,878 people
• City population: 58,809
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 23,047
• Household income: $59,688
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 692.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 38% White 36% Black 21% Two or more races 12% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 29% Puerto Rican 7%
• Common ancestry: Romanian 6% Italian 2% Lithuanian 1%
• Foreign-born: 8% · Canada, China
• Languages at home: 78% English-only · Spanish 19% Chinese 1%

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: ▼ -67.70%
• Current HPI: 293.4702
• Rent YoY: —
• 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

+145.7% since first listed

15 events — show timeline

• 2026-05-08 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-04-18 Price Changed $134,900 NIRA MLS as Distributed by MLS Grid
• 2026-03-01 Listed $135,000 NIRA MLS as Distributed by MLS Grid
• 2023-05-22 Sold (MLS) $103,000 NIRA MLS as Distributed by MLS Grid
• 2023-03-29 Pending — NIRA MLS as Distributed by MLS Grid
• 2023-03-08 Relisted — NIRA MLS as Distributed by MLS Grid
• 2023-01-05 Contingent — NIRA MLS as Distributed by MLS Grid
• 2022-12-22 Pending — NIRA MLS as Distributed by MLS Grid
• 2022-11-26 Price Changed $105,000 NIRA MLS as Distributed by MLS Grid
• 2022-11-12 Price Changed $115,000 NIRA MLS as Distributed by MLS Grid
• 2022-09-03 Listed $124,900 NIRA MLS as Distributed by MLS Grid
• 2019-05-03 Sold (MLS) $65,000 NIRA MLS as Distributed by MLS Grid
• 2019-03-06 Listed $67,900 NIRA MLS as Distributed by MLS Grid
• 2017-08-02 Sold (MLS) $50,000 NIRA MLS as Distributed by MLS Grid
• 2017-05-01 Listed $54,900 NIRA MLS as Distributed by MLS Grid

Property tax history

-9.8%/yr

Latest (2024): $955 · -13.5% YoY. Source: county tax records.