821 Huehn St · Hammond, IN 46327

$110,000

2 bd · 1.0 ba · 550 sqft · SingleFamily public records · 10 Days on market

Built 1927 8,340 sqft lot

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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 +27.2/30.0
• Appreciation +9.5/10.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks MLS

North Hammond home that's within walking distance to plenty of nearby shopping and within a half mile distance of the I90 toll road exits. This home features updated mechanicals, new roof, and plenty of back yard space just waiting for it's new owners to call home. Schedule your showing today!

Key facts

• Rear wooden deck
• Backyard carport
• 8,340 sq ft lot

Tags

• REAR WOODEN DECK
• HUGE WOODEN PRIVACY FENCE
• BACKYARD CARPORT
• PRIME HAMMOND LOCATION
• WALKING DISTANCE TO SHOPPING

Property features AI

Exterior

• Parking: Driveway; Paved parking; On-street parking
• Utilities: Public water; Public sewer; 100 amp electrical service
• Home design: One-story property; Built in 1927
• Construction: Originally built in 1927
• Exterior features: Neighborhood view

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: Primary bedroom (main level)
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling system listed
• Interior features: No notable built-in interior features listed; Crawl space basement
• Laundry & utility: Laundry on the main level; Utility room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $313 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 9.7% vs local median 5.8% 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: 28 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($761 loan paydown + $10k appreciation (9.1% 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 (9.1% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 18y 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 $75k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,000

Questions for the listing agent

1. Built in 1927 — 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 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: 1.14% ✓
• Cap rate: 9.71%
• Cash-on-cash: 12.21%
• DSCR: 1.54
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $28,600
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4627 Hickory Ave	0.43mi	2/1.0	620 (+13%)	5mo	$32,100	$52	54

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

Projected returns pro-forma

9.08% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.5%
• Equity multiple: 3.37×
• Total profit: $72,986
• Equity at exit: $91,809

10-year hold

• IRR: 27.6%
• Equity multiple: 7.42×
• Total profit: $197,726
• Equity at exit: $190,715

Cash invested: $30,800 (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 46327

• Home prices YoY: 2.7%
• Active inventory: 28
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,249 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$51 /mo · $609/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $313

Break-even live

Break-even rent $852

Max offer price $110,000

Occupancy floor 70%

Sensitivity live

Price	-10% $376	-5% $345	+0% $313	+5% $282	+10% $251
Rent	-10% $215	-5% $264	+0% $313	+5% $363	+10% $412
Rate	-1.0pp $369	-0.5pp $341	base $313	+0.5pp $285	+1.0pp $256

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4724 Pine Ave Unit 4726 Hammond, IN	2.0	1.0	650	$1,000	$1.54	5d	1	0.42mi
5231 Hohman Ave Hammond, IN	1.0	1.0	582	$1,937	$3.33	1d	15	1.29mi

Listing history 11 events

1. 2026-06-02
   status $110,000 Pending 10 DOM
2. 2026-06-01
   days on market $110,000 Active 10 DOM
3. 2026-05-31
   days on market $110,000 Active 9 DOM
4. 2026-05-22
   listed $110,000 Active
5. 2023-10-13
   soldstatus $75,000 Closed 294-char remark

   Show marketing remark (294 chars)

   North Hammond home that's within walking distance to plenty of nearby shopping and within a half mile distance of the I90 toll road exits. This home features updated mechanicals, new roof, and plenty of back yard space just waiting for it's new owners to call home. Schedule your showing today!

6. 2023-09-29
   status Pending 294-char remark

   Show marketing remark (294 chars)

   North Hammond home that's within walking distance to plenty of nearby shopping and within a half mile distance of the I90 toll road exits. This home features updated mechanicals, new roof, and plenty of back yard space just waiting for it's new owners to call home. Schedule your showing today!

7. 2023-09-13
   price $88,000 294-char remark

   Show marketing remark (294 chars)

   North Hammond home that's within walking distance to plenty of nearby shopping and within a half mile distance of the I90 toll road exits. This home features updated mechanicals, new roof, and plenty of back yard space just waiting for it's new owners to call home. Schedule your showing today!

8. 2023-09-04
   price $89,000 294-char remark

   Show marketing remark (294 chars)

   North Hammond home that's within walking distance to plenty of nearby shopping and within a half mile distance of the I90 toll road exits. This home features updated mechanicals, new roof, and plenty of back yard space just waiting for it's new owners to call home. Schedule your showing today!

9. 2023-08-04
   listed $99,000 Active 294-char remark

   Show marketing remark (294 chars)

   North Hammond home that's within walking distance to plenty of nearby shopping and within a half mile distance of the I90 toll road exits. This home features updated mechanicals, new roof, and plenty of back yard space just waiting for it's new owners to call home. Schedule your showing today!

10. 2009-12-29
    historical
11. 2008-01-29
    listed $34,900

ⓘ 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: $609 · $51/mo
• Projected year-2 tax: $772 · $64/mo
• Expected delta: +$163/yr (+$14/mo · 26.8%)

ⓘ 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
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,990
• − Mortgage interest: −$6,162
• − Property taxes: −$609
• − Insurance: −$550
• − Repairs & maintenance: −$1,199
• − Management: −$1,199
• − Depreciation: −$3,200
• Taxable income: $2,071
• Est. tax owed @ 24.0%: −$497
• After-tax cash flow: $3,264/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
• City population: 58,809
• Population (ZIP): 10,797

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 0.57)
• Race & ethnicity: Hispanic / Latino 58% White 28% Black 13% Two or more races 9%
• Hispanic origin (detail): Mexican 54% Puerto Rican 3%
• Common ancestry: Romanian 7% Iranian 2% Lithuanian 1%
• Foreign-born: 21% · Canada
• Languages at home: 60% English-only · Spanish 38% Russian/Polish/Slavic 1% 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: ▲ 9.08%
• Current HPI: 343.2924
• Rent YoY: —
• Metro: —
• 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

+215.2% since first listed

8 events — show timeline

• 2026-05-22 Listed $110,000 NIRA MLS as Distributed by MLS Grid
• 2023-10-13 Sold (MLS) $75,000 NIRA MLS as Distributed by MLS Grid
• 2023-09-29 Pending — NIRA MLS as Distributed by MLS Grid
• 2023-09-13 Price Changed $88,000 NIRA MLS as Distributed by MLS Grid
• 2023-09-04 Price Changed $89,000 NIRA MLS as Distributed by MLS Grid
• 2023-08-04 Listed $99,000 NIRA MLS as Distributed by MLS Grid
• 2009-12-29 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2008-01-29 Listed $34,900 NIRA MLS as Distributed by MLS Grid

Property tax history

-9.4%/yr

Latest (2024): $609 · +2.3% YoY. Source: county tax records.