3726 Euclid Ave · East Chicago, IN 46312

$129,999

3 bd · 3.0 ba · 2,156 sqft · MultiFamily public records · 331 Days on market

Built 1911 3,480 sqft lot

---

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
• ARV discount +7.5/15.0
• 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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Nice 2 unit building all brick with 2 detached car garage. Main apartment has living room, kitchen, dining room 2 bedrooms and one bath. 2nd apartment upper level has living room, dining room, kitchen and 3 bedrooms. Owner provides heat and water only. Finished basement with extra rooms.

Key facts

• 3,480 sq ft lot
• 2 garage spots
• Built 1911

Property features AI

Finance

• Financial info: Multi-unit property with 2 total units (tenant-occupied)

Exterior

• Parking: Garage faces rear; On-street parking available; 2 garage spaces
• Security: Smoke detector(s)
• Utilities: Electricity connected; Public water; Public sewer available
• Home design: Two-story property; Built in 1911; Fixer condition
• Construction: Asphalt and shingle roofing
• Exterior features: Front porch and additional porch; Balcony; Aluminum-framed windows; City and rural views; Smoke detectors installed; Garage(s) on property; Asphalt/shingle roof

Interior

• Kitchen: No appliances listed
• Bedrooms: Property contains multiple units: one 2-bedroom unit and two 3-bedroom units
• Flooring: Other flooring
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Heating: Other; No cooling system listed
• Interior features: Open floor plan; Partially finished basement with walk-out access and storage space; Pets allowed; 11 total rooms
• Laundry & utility: Laundry located on the lower level

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.2-bath units multifamily listed at $130k.

Deal economics

• At list price, monthly cash flow is $852 ($10k/yr) — positive. Per door: $426/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.2% 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 $2,258/mo this rent would consume 64% 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 $504 of equity ($899 loan paydown + $-395 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 $36k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 331 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y ago; this cycle's ask has dropped $40k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $130k implies a 550% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1911 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,399 (12.0% below list)

Questions for the listing agent

1. It's been on market 331 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1911 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
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 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: 1.74% ✓
• Cap rate: 14.16%
• Cash-on-cash: 28.09%
• DSCR: 2.25
• GRM: 4.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 32.7%
• Equity multiple: 2.67×
• Total profit: $60,617
• Equity at exit: $35,787

10-year hold

• IRR: 39.3%
• Equity multiple: 6.28×
• Total profit: $192,207
• Equity at exit: $41,483

Cash invested: $36,400 (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: 9.6×

Monthly cashflow live

• Estimated rent: $2,258 high
• Mortgage (P&I): −$682
• Tax from tax record: −$196 /mo · $2,349/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $852

Break-even live

Break-even rent $1,179

Max offer price $129,999

Occupancy floor 57%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1.2	$2,258
Total (2 units)			$2,258

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-05-01
   price $129,999
2. 2026-02-27
   status Active
3. 2026-02-13
   status Pending
4. 2025-09-03
   price $139,999
5. 2025-08-13
   price $150,000
6. 2025-07-23
   price $159,900
7. 2025-07-09
   price $164,900
8. 2025-06-18
   listed $169,999 Active
9. 2015-02-10
   soldstatus $20,000 288-char remark

   Show marketing remark (288 chars)

   Nice 2 unit building all brick with 2 detached car garage. Main apartment has living room, kitchen, dining room 2 bedrooms and one bath. 2nd apartment upper level has living room, dining room, kitchen and 3 bedrooms. Owner provides heat and water only. Finished basement with extra rooms.

10. 2014-05-29
    listed $28,000 288-char remark

    Show marketing remark (288 chars)

    Nice 2 unit building all brick with 2 detached car garage. Main apartment has living room, kitchen, dining room 2 bedrooms and one bath. 2nd apartment upper level has living room, dining room, kitchen and 3 bedrooms. Owner provides heat and water only. Finished basement with extra rooms.

11. 2006-10-18
    historical
12. 2006-04-17
    listed $95,000
13. 2005-12-14
    historical
14. 2005-09-13
    listed $103,000

ⓘ 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: $2,349 · $196/mo
• Projected year-2 tax: $2,349 · $196/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 1/10 Low FEMA zone X (unshaded) · 0% 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 0% 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: $27,096
• − Mortgage interest: −$7,282
• − Property taxes: −$2,349
• − Insurance: −$650
• − Repairs & maintenance: −$2,168
• − Management: −$2,168
• − Depreciation: −$3,782
• Taxable income: $8,698
• Est. tax owed @ 24.0%: −$2,087
• After-tax cash flow: $8,139/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

+26.2% since first listed

14 events — show timeline

• 2026-05-01 Price Changed $129,999 NIRA MLS as Distributed by MLS Grid
• 2026-02-27 Relisted — NIRA MLS as Distributed by MLS Grid
• 2026-02-13 Pending — NIRA MLS as Distributed by MLS Grid
• 2025-09-03 Price Changed $139,999 NIRA MLS as Distributed by MLS Grid
• 2025-08-13 Price Changed $150,000 NIRA MLS as Distributed by MLS Grid
• 2025-07-23 Price Changed $159,900 NIRA MLS as Distributed by MLS Grid
• 2025-07-09 Price Changed $164,900 NIRA MLS as Distributed by MLS Grid
• 2025-06-18 Listed $169,999 NIRA MLS as Distributed by MLS Grid
• 2015-02-10 Sold (MLS) $20,000 NIRA MLS as Distributed by MLS Grid
• 2014-05-29 Listed $28,000 NIRA MLS as Distributed by MLS Grid
• 2006-10-18 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2006-04-17 Listed $95,000 NIRA MLS as Distributed by MLS Grid
• 2005-12-14 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2005-09-13 Listed $103,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+11.8%/yr

Latest (2024): $2,349 · +10.2% YoY. Source: county tax records.