1610 Atchison Ave · Hammond, IN 46394

$229,900

3 bd · 1.0 ba · 1,160 sqft · SingleFamily public records · 22 Days on market

Built 1916 4,305 sqft lot Est $171k · 35% over

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Why this score? — see what drove the F 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 +10.6/30.0
• Appreciation +8.3/10.0
• Livability +3.5/5.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• Schools +1.1/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Recently renovated 3 Bedroom 1 Bath in historic Whiting IN. Too many new items to list. Sunny large front porch entry brings you into this open concept living and dining area. Central heat and air conditioning. LOW taxes, detached 2 car garage. Walk to whitings downtown restaurants and shops. Come see today! Agent Owned

Key facts

• Double pane windows
• Hickory cabinets
• Soft close feature

Tags

• ENCLOSED 3 SEASON FRONT PORCH
• DOUBLE PANE WINDOWS
• TOTAL RENOVATION KITCHEN
• HICKORY CABINETS
• SOFT CLOSE FEATURE
• GRANITE COUNTER TOPS

Property features AI

Exterior

• Parking: Detached garage; 2-car garage; On-street parking; Alley access; Garage door opener
• Utilities: Electricity connected (200+ amp service, circuit breakers); Natural gas connected; Public water; Public sewer
• Home design: One level; Built in 1916
• Construction: Shingle roof; Finished basement (full) with storage; Garage structure
• Exterior features: Private backyard; Chain link fencing in back yard; Deck; Rear enclosed porch; Porch; Garage(s) as an additional structure; Neighborhood view; Blinds; Insulated windows; Shingle roof

Interior

• Kitchen: Gas range; Microwave; Refrigerator; Granite counters; Eat-in kitchen
• Bedrooms: Primary bedroom; Additional bedroom(s)
• Flooring: Carpet; Laminate; Linoleum
• Bathrooms: Two three-quarter bathrooms
• Heating & cooling: Central heating (natural gas, forced air); Central air; Ceiling fans
• Interior features: Ceiling fans; Pantry; Open floor plan; Granite counters; Eat-in kitchen; Finished full basement with storage space
• Laundry & utility: Washer hookup; Gas dryer hookup; Laundry sink; Laundry on lower level; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-115 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $210k (8.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $159k (30.8% below list).
• Recommended offer: $159k (30.8% below list) — sets the bar for 1% rule.

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, crime 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.
• Zoned schools: Benjamin Franklin Elementary Sch (math 8% / reading 12%, grade F, #921 of 994 statewide, top 94%, 283 students, 69% FRL); Henry W Eggers Middle School (math 5% / reading 17%, grade F, #312 of 330 statewide, top 95%, 855 students, 76% FRL); Hammond Central High School (math 8% / reading 37%, grade F, #339 of 369 statewide, top 93%, 1,863 students, 73% FRL) — zoned schools at 73% FRL track the district average.
• Market conditions: 39 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).

Forward outlook

• In year one you build about $17k of equity ($2k loan paydown + $15k appreciation (6.6% local appreciation)).
• Lake County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 3, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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 $165k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $159,139 (30.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.69% ✗
• Cap rate: 5.69%
• Cash-on-cash: -2.15%
• DSCR: 0.90
• GRM: 12.0

CMA / ARV

• ARV (on-the-fly): $170,520
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1519 Roberts Ave	0.14mi	2/1.0 (-1)	1,128 (-3%)	2mo	$126,000	$112	83
1524 Cleveland Ave	0.10mi	3/2.0	1,080 (-7%)	9mo	$226,600	$210	72
1626 Stanton Ave	0.31mi	2/1.0 (-1)	1,192 (+3%)	8mo	$128,000	$107	69
1811 New York Ave	0.46mi	3/1.0	1,244 (+7%)	2mo	$139,900	$112	65
1334 Lake Ave	0.38mi	2/1.0 (-1)	1,102 (-5%)	6mo	$195,000	$177	64
1726 Brown Ave	0.53mi	2/1.0 (-1)	1,202 (+4%)	8mo	$158,000	$131	58
1430 Stanton Ave	0.35mi	3/1.0	1,323 (+14%)	3mo	$228,000	$172	57
1607 Parkview Ave	0.59mi	2/1.0 (-1)	1,118 (-4%)	5mo	$230,000	$206	57
2126 Superior Ave	0.68mi	3/1.0	1,141 (-2%)	11mo	$155,000	$136	56
1944 Warwick Ave	0.69mi	2/1.5 (-1)	1,192 (+3%)	2mo	$182,000	$153	55
1947 Schrage Ave	0.73mi	3/1.5	1,258 (+8%)	8mo	$184,900	$147	43
1717 Warwick Ave	0.55mi	2/1.0 (-1)	992 (-14%)	5mo	$123,200	$124	41

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

Projected returns pro-forma

6.63% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.1%
• Equity multiple: 2.05×
• Total profit: $67,639
• Equity at exit: $153,796

10-year hold

• IRR: 15.1%
• Equity multiple: 4.15×
• Total profit: $202,526
• Equity at exit: $287,276

Cash invested: $64,372 (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 46394

• Home prices YoY: 2.1%
• Active inventory: 39
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,591 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$71 /mo · $853/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $-115

Break-even live

Break-even rent $1,737

Max offer price $209,530

Occupancy floor —

Sensitivity live

Price	-10% $15	-5% $-50	+0% $-115	+5% $-180	+10% $-245
Rent	-10% $-241	-5% $-178	+0% $-115	+5% $-52	+10% $10
Rate	-1.0pp $0	-0.5pp $-57	base $-115	+0.5pp $-175	+1.0pp $-235

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1200 119th St Whiting, IN	2.0	2.0	962	$2,166	$2.25	17d	1	0.34mi
1200 119th St Whiting, IN	2.0	2.0	962	$2,128	$2.21	2d	1	0.34mi
1308 119th St Unit 2R Whiting, IN	2.0	1.0	700	$1,200	$1.71	3d	1	0.39mi
1307 Calumet Ave Unit 7 Whiting, IN	2.0	1.0	850	$1,225	$1.44	25d	1	0.53mi
1323 121st St #2 Whiting, IN	3.0	1.0	1000	$1,250	$1.25	13d	1	0.60mi
1228 Lakeview Ave Whiting, IN	2.0	1.0	700	$1,225	$1.75	3d	1	0.66mi
1500 W Fred St Unit 4 Whiting, IN	2.0	1.0	750	$995	$1.33	44d	1	0.67mi
1500 W Fred St Unit 1 Whiting, IN	2.0	1.0	750	$1,000	$1.33	44d	1	0.67mi
2045 New York Ave Apt 2 Whiting, IN	2.0	1.0	800	$1,400	$1.75	44d	1	0.70mi

Listing history 11 events

1. 2026-06-18
   days on market $229,900 Active 22 DOM
2. 2026-06-17
   statusdays on market $229,900 Active 21 DOM
3. 2026-06-07
   status $229,900 Pending 20 DOM
4. 2026-06-04
   days on market $229,900 Active 20 DOM
5. 2026-06-03
   days on market $229,900 Active 19 DOM
6. 2026-06-02
   days on market $229,900 Active 18 DOM
7. 2026-06-01
   days on market $229,900 Active 17 DOM
8. 2026-05-31
   days on market $229,900 Active 16 DOM
9. 2026-05-12
   listed $229,900 Active
10. 2019-09-03
    soldstatus $165,000 321-char remark

    Show marketing remark (321 chars)

    Recently renovated 3 Bedroom 1 Bath in historic Whiting IN. Too many new items to list. Sunny large front porch entry brings you into this open concept living and dining area. Central heat and air conditioning. LOW taxes, detached 2 car garage. Walk to whitings downtown restaurants and shops. Come see today! Agent Owned

11. 2019-08-07
    listed $165,000 321-char remark

    Show marketing remark (321 chars)

    Recently renovated 3 Bedroom 1 Bath in historic Whiting IN. Too many new items to list. Sunny large front porch entry brings you into this open concept living and dining area. Central heat and air conditioning. LOW taxes, detached 2 car garage. Walk to whitings downtown restaurants and shops. Come see today! Agent Owned

ⓘ 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: $853 · $71/mo
• Projected year-2 tax: $1,404 · $117/mo
• Expected delta: +$550/yr (+$46/mo · 64.5%)

ⓘ 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) · 24% 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 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,097
• − Mortgage interest: −$12,878
• − Property taxes: −$853
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,528
• − Management: −$1,528
• − Depreciation: −$6,688
• Taxable loss: −$5,527
• Est. tax savings @ 24.0%: +$1,327
• After-tax cash flow: $-57/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): 11,894
• Household income: $66,176
• Rent vs Own: 34.8% rent · 65.2% own
• Severe rent burden: 366.0

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 0.58)
• Race & ethnicity: White 48% Hispanic / Latino 43% Two or more races 10% Black 7% Native American 4%
• Hispanic origin (detail): Mexican 38% Puerto Rican 5%
• Common ancestry: Romanian 12% Lithuanian 3% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 75% English-only · Spanish 23% Arabic 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: ▲ 6.63%
• Current HPI: 327.0867
• 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

+39.3% since first listed

3 events — show timeline

• 2026-05-12 Listed $229,900 NIRA MLS as Distributed by MLS Grid
• 2019-09-03 Sold (MLS) $165,000 NIRA MLS as Distributed by MLS Grid
• 2019-08-07 Listed $165,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+4.5%/yr

Latest (2024): $853 · +2.0% YoY. Source: county tax records.