4847 Northcote Ave · East Chicago, IN 46312

$99,900

2 bd · 1.0 ba · 820 sqft · SingleFamily public records · 95 Days on market

Built 1898 3,500 sqft lot Est $84k · 19% over

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Why this score? — see what drove the C+ 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 +28.0/30.0
• DSCR +9.9/10.0
• 1% rule +7.2/10.0
• 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

Listing remarks MLS

Great home with covered front porch. This is a great investment property. Home currently rents for $695.00 a month.

Key facts

• Spacious front porch
• Large back yard
• 3,500 sq ft lot

Tags

• SPACIOUS FRONT PORCH
• LARGE BACK YARD

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-story home; Built in 1898
• Construction: Aluminum siding; Basement (interior entry, unfinished)
• Exterior features: Private yard; Neighborhood view; Front porch; Rear porch

Interior

• Kitchen: Country kitchen layout
• Bedrooms: Primary bedroom; Second bedroom
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; No central cooling
• Interior features: Laminate countertops; Country-style kitchen; Pantry; Basement with interior entry (unfinished)
• Laundry & utility: No appliances listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $310 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $91k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 8.2% in East Chicago — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).
• This rent runs 35% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $388 of equity ($691 loan paydown + $-303 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 $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y 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 $26k; list at $100k implies a 281% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $90,909 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1898 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.22% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.32%
• DSCR: 1.59
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $83,640
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5014 Homerlee Ave	0.23mi	2/1.0	837 (+2%)	15mo	$85,000	$102	74
4927-29 Chestnut Ave	0.55mi	2/1.0	816 (-0%)	5mo	$146,000	$179	69
617 W 151st St	0.44mi	3/1.0 (+1)	820 (0%)	8mo	$64,000	$78	68
5017 White Oak Ave	0.36mi	3/1.0 (+1)	908 (+11%)	20mo	$167,000	$184	44
1254 150th St	0.70mi	3/1.0 (+1)	891 (+9%)	12mo	$90,000	$101	38

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: 15.8%
• Equity multiple: 1.78×
• Total profit: $21,862
• Equity at exit: $27,501

10-year hold

• IRR: 23.9%
• Equity multiple: 4.05×
• Total profit: $85,279
• Equity at exit: $31,878

Cash invested: $27,972 (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: 6.8×

Monthly cashflow live

• Estimated rent: $1,217 high
• Mortgage (P&I): −$524
• Tax from tax record: −$86 /mo · $1,026/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $310

Break-even live

Break-even rent $824

Max offer price $99,900

Occupancy floor 69%

Sensitivity live

Price	-10% $367	-5% $339	+0% $310	+5% $282	+10% $254
Rent	-10% $214	-5% $262	+0% $310	+5% $359	+10% $407
Rate	-1.0pp $361	-0.5pp $336	base $310	+0.5pp $285	+1.0pp $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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4436 Olcott Ave Unit B East Chicago, IN	2.0	1.0	850	$1,400	$1.65	25d	1	0.54mi
220-2 E Chicago Ave Unit Chicago Ave unit 2F East Chicago, IN	2.0	1.0	750	$1,100	$1.47	25d	1	0.67mi
523 E Columbus Dr East Chicago, IN	2.0	1.0	750	$1,050	$1.40	25d	1	0.99mi
1344 Michigan St Hammond, IN	3.0	1.0	1006	$1,595	$1.59	15d	1	1.01mi
4724 Pine Ave Unit 4726 Hammond, IN	2.0	1.0	650	$1,000	$1.54	5d	1	1.13mi
1227 Logan St Hammond, IN	2.0	1.0	768	$1,350	$1.76	10d	1	1.14mi
1227 Logan St Hammond, IN	2.0	1.0	768	$1,350	$1.76	15d	1	1.14mi
4001 McCook Ave Unit 2 East Chicago, IN	3.0	1.0	960	$1,650	$1.72	3d	1	1.46mi
1454 Sherman St Hammond, IN	3.0	1.0	960	$1,400	$1.46	4d	1	1.47mi

Listing history 30 events

1. 2026-06-18
   days on market $99,900 Active 95 DOM
2. 2026-06-17
   days on market $99,900 Active 94 DOM
3. 2026-06-16
   days on market $99,900 Active 93 DOM
4. 2026-06-15
   days on market $99,900 Active 92 DOM
5. 2026-06-13
   days on market $99,900 Active 90 DOM
6. 2026-06-13
   days on market $99,900 Active 89 DOM
7. 2026-06-09
   days on market $99,900 Active 86 DOM
8. 2026-06-08
   days on market $99,900 Active 85 DOM
9. 2026-06-07
   days on market $99,900 Active 84 DOM
10. 2026-06-04
    days on market $99,900 Active 81 DOM
11. 2026-06-03
    days on market $99,900 Active 80 DOM
12. 2026-06-02
    days on market $99,900 Active 79 DOM
13. 2026-06-01
    days on market $99,900 Active 78 DOM
14. 2026-05-31
    days on market $99,900 Active 77 DOM
15. 2026-05-09
    price $99,900
16. 2026-03-15
    listed $104,900 Active
17. 2025-11-19
    status Pending
18. 2025-11-19
    historical
19. 2025-07-30
    price $99,900
20. 2025-04-10
    status Active
21. 2025-03-22
    status Pending
22. 2025-02-05
    price $105,900
23. 2024-11-20
    price $115,990
24. 2024-10-15
    listed $119,900 Active
25. 2017-11-09
    soldstatus $26,250 115-char remark

    Show marketing remark (115 chars)

    Great home with covered front porch. This is a great investment property. Home currently rents for $695.00 a month.

26. 2017-08-31
    listed $29,900 115-char remark

    Show marketing remark (115 chars)

    Great home with covered front porch. This is a great investment property. Home currently rents for $695.00 a month.

27. 2007-01-18
    historical
28. 2006-08-23
    listed $49,900
29. 2005-09-18
    historical
30. 2005-01-20
    listed $65,000

ⓘ 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: $1,026 · $86/mo
• Projected year-2 tax: $1,026 · $86/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 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: $14,605
• − Mortgage interest: −$5,596
• − Property taxes: −$1,026
• − Insurance: −$500
• − Repairs & maintenance: −$1,168
• − Management: −$1,168
• − Depreciation: −$2,906
• Taxable income: $2,241
• Est. tax owed @ 24.0%: −$538
• After-tax cash flow: $3,188/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

+53.7% since first listed

16 events — show timeline

• 2026-05-09 Price Changed $99,900 NIRA MLS as Distributed by MLS Grid
• 2026-03-15 Listed $104,900 NIRA MLS as Distributed by MLS Grid
• 2025-11-19 Pending — NIRA MLS as Distributed by MLS Grid
• 2025-11-19 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2025-07-30 Price Changed $99,900 NIRA MLS as Distributed by MLS Grid
• 2025-04-10 Relisted — NIRA MLS as Distributed by MLS Grid
• 2025-03-22 Pending — NIRA MLS as Distributed by MLS Grid
• 2025-02-05 Price Changed $105,900 NIRA MLS as Distributed by MLS Grid
• 2024-11-20 Price Changed $115,990 NIRA MLS as Distributed by MLS Grid
• 2024-10-15 Listed $119,900 NIRA MLS as Distributed by MLS Grid
• 2017-11-09 Sold (MLS) $26,250 NIRA MLS as Distributed by MLS Grid
• 2017-08-31 Listed $29,900 NIRA MLS as Distributed by MLS Grid
• 2007-01-18 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2006-08-23 Listed $49,900 NIRA MLS as Distributed by MLS Grid
• 2005-09-18 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2005-01-20 Listed $65,000 NIRA MLS as Distributed by MLS Grid

Property tax history

-3.9%/yr

Latest (2024): $1,026 · +8.7% YoY. Source: county tax records.