219 S Broad St · Griffith, IN 46319

$184,995

2 bd · 1.0 ba · 1,345 sqft · SingleFamily public records · 264 Days on market

Built 1903 0.27 ac lot $138/sqft · 24% below area Est $242k · 24% under ↓ 18% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +6.9/30.0
• Livability +3.5/5.0
• Schools +3.0/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

SELLER SAYS BRING AN OFFER! Get ready to create your vision at 219 S Broad St! Total of 4 parcels giving you access from Broad St and Ave B - perfect for business ingress and egress! Welcome to one of the very few residential properties in Downtown Griffith. These 4 parcels make up just over a quarter of an acre, with 3 bedrooms and 1 bath this could be your future home or make a great rental property with a few repairs and some TLC. Then, start envisioning your future! With a Downtown Griffith Location, this piece of property's limits are endless! Frontage on Broad Street, and direct access to the property from Ave B, this could be a great set up for your future business! Parking lot and easy access to the Erie Lackawanna trailhead is directly east of the home, keeping constant pedestrian traffic moving past the property - Use the existing home or start from scratch! This sale includes a total of 4 parcels - Tax total shown reflects all 4 parcels, which do not have any current exemptions. Homestead would greatly reduce tax amount. AS-IS Condition - seller will make no repairs. Cash or Conventional financing only.

Key facts

• Parking lot
• Total of 4 parcels
• 0.27 acre lot

Tags

• DOWNTOWN GRIFFITH LOCATION
• FRONTAGE ON BROAD STREET
• DIRECT ACCESS TO THE PROPERTY
• PARKING LOT
• TOTAL OF 4 PARCELS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-277 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $136k (26.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (22.6% below list).
• Recommended offer: $136k (26.4% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 70/100 on livability (#146 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Griffith Public Schools (suburban): math 31% / reading 38% proficiency, ranked #189 of 301 in IN (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 69 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

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 264 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1903 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $136,126 (26.4% 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. It's been on market 264 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1903 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 0.77% ✗
• Cap rate: 4.50%
• Cash-on-cash: -6.41%
• DSCR: 0.71
• GRM: 10.8

CMA / ARV

• ARV (median comp): $242,267
• List price: $184,995
• Delta: -23.64%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
209 N Harvey St	0.41mi	2/1.0	1,310 (-3%)	16mo	$235,000	$179	64
234 N Woodlawn Ave	0.49mi	2/1.0	1,252 (-7%)	5mo	$140,000	$112	62
141 N Dwiggins St	0.51mi	2/1.0	1,232 (-8%)	2mo	$235,000	$191	61
246 N Lindberg St	0.58mi	2/2.0	1,339 (-0%)	10mo	$250,000	$187	60
247 N Raymond St	0.60mi	3/1.0 (+1)	1,344 (-0%)	10mo	$165,000	$123	58
227 N Wright St	0.70mi	3/1.5 (+1)	1,381 (+3%)	5mo	$224,900	$163	52
233 N Ernest St	0.62mi	3/1.5 (+1)	1,232 (-8%)	0mo	$227,000	$184	50
403 N Raymond St	0.72mi	3/2.0 (+1)	1,332 (-1%)	9mo	$252,500	$190	48
140 N Lindberg St	0.48mi	3/2.0 (+1)	1,424 (+6%)	13mo	$231,500	$163	48
133 N Raymond St	0.49mi	3/2.0 (+1)	1,442 (+7%)	11mo	$260,000	$180	47
427 N Indiana St	0.71mi	3/2.0 (+1)	1,296 (-4%)	8mo	$290,000	$224	45
206 N Oakwood Dr	0.66mi	2/1.5	1,536 (+14%)	8mo	$260,000	$169	37

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: -27.3%
• Equity multiple: 0.08×
• Total profit: $-47,495
• Equity at exit: $27,583

10-year hold

• IRR: -25.0%
• Equity multiple: -0.23×
• Total profit: $-63,633
• Equity at exit: $15,995

Cash invested: $51,799 (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 46319

• Home prices YoY: -25.5%
• Active inventory: 69
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,432 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$361 /mo · $4,333/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $-277

Break-even live

Break-even rent $1,783

Max offer price $136,126

Occupancy floor —

Sensitivity live

Price	-10% $-172	-5% $-224	+0% $-277	+5% $-329	+10% $-381
Rent	-10% $-390	-5% $-333	+0% $-277	+5% $-220	+10% $-163
Rate	-1.0pp $-183	-0.5pp $-230	base $-277	+0.5pp $-325	+1.0pp $-373

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: $46,249
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
422 N Dwiggins St Griffith, IN	2.0	1.0	1135	$1,650	$1.45	25d	1	0.79mi
820 N Wheeler St Griffith, IN	1.0–2.0	1.0	870	$1,400	$1.61	0d	1	1.40mi

Listing history 18 events

1. 2026-06-21
   days on market $184,995 Active 264 DOM
2. 2026-06-18
   days on market $184,995 Active 261 DOM
3. 2026-06-17
   days on market $184,995 Active 260 DOM
4. 2026-06-16
   days on market $184,995 Active 259 DOM
5. 2026-06-15
   days on market $184,995 Active 258 DOM
6. 2026-06-13
   days on market $184,995 Active 256 DOM
7. 2026-06-13
   days on market $184,995 Active 255 DOM
8. 2026-06-09
   days on market $184,995 Active 252 DOM
9. 2026-06-08
   days on market $184,995 Active 251 DOM
10. 2026-06-07
    days on market $184,995 Active 250 DOM
11. 2026-06-04
    days on market $184,995 Active 247 DOM
12. 2026-06-03
    days on market $184,995 Active 246 DOM
13. 2026-06-02
    days on market $184,995 Active 245 DOM
14. 2026-06-01
    days on market $184,995 Active 244 DOM
15. 2026-05-31
    days on market $184,995 Active 243 DOM
16. 2026-03-04
    price $184,995 1133-char remark

    Show marketing remark (1133 chars)

    SELLER SAYS BRING AN OFFER! Get ready to create your vision at 219 S Broad St! Total of 4 parcels giving you access from Broad St and Ave B - perfect for business ingress and egress! Welcome to one of the very few residential properties in Downtown Griffith. These 4 parcels make up just over a quarter of an acre, with 3 bedrooms and 1 bath this could be your future home or make a great rental property with a few repairs and some TLC. Then, start envisioning your future! With a Downtown Griffith Location, this piece of property's limits are endless! Frontage on Broad Street, and direct access to the property from Ave B, this could be a great set up for your future business! Parking lot and easy access to the Erie Lackawanna trailhead is directly east of the home, keeping constant pedestrian traffic moving past the property - Use the existing home or start from scratch! This sale includes a total of 4 parcels - Tax total shown reflects all 4 parcels, which do not have any current exemptions. Homestead would greatly reduce tax amount. AS-IS Condition - seller will make no repairs. Cash or Conventional financing only.

17. 2025-12-29
    price $199,900 1133-char remark

    Show marketing remark (1133 chars)

    SELLER SAYS BRING AN OFFER! Get ready to create your vision at 219 S Broad St! Total of 4 parcels giving you access from Broad St and Ave B - perfect for business ingress and egress! Welcome to one of the very few residential properties in Downtown Griffith. These 4 parcels make up just over a quarter of an acre, with 3 bedrooms and 1 bath this could be your future home or make a great rental property with a few repairs and some TLC. Then, start envisioning your future! With a Downtown Griffith Location, this piece of property's limits are endless! Frontage on Broad Street, and direct access to the property from Ave B, this could be a great set up for your future business! Parking lot and easy access to the Erie Lackawanna trailhead is directly east of the home, keeping constant pedestrian traffic moving past the property - Use the existing home or start from scratch! This sale includes a total of 4 parcels - Tax total shown reflects all 4 parcels, which do not have any current exemptions. Homestead would greatly reduce tax amount. AS-IS Condition - seller will make no repairs. Cash or Conventional financing only.

18. 2025-09-29
    listed $224,900 Active 1133-char remark

    Show marketing remark (1133 chars)

    SELLER SAYS BRING AN OFFER! Get ready to create your vision at 219 S Broad St! Total of 4 parcels giving you access from Broad St and Ave B - perfect for business ingress and egress! Welcome to one of the very few residential properties in Downtown Griffith. These 4 parcels make up just over a quarter of an acre, with 3 bedrooms and 1 bath this could be your future home or make a great rental property with a few repairs and some TLC. Then, start envisioning your future! With a Downtown Griffith Location, this piece of property's limits are endless! Frontage on Broad Street, and direct access to the property from Ave B, this could be a great set up for your future business! Parking lot and easy access to the Erie Lackawanna trailhead is directly east of the home, keeping constant pedestrian traffic moving past the property - Use the existing home or start from scratch! This sale includes a total of 4 parcels - Tax total shown reflects all 4 parcels, which do not have any current exemptions. Homestead would greatly reduce tax amount. AS-IS Condition - seller will make no repairs. Cash or Conventional financing only.

ⓘ 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: $4,333 · $361/mo
• Projected year-2 tax: $4,333 · $361/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 2/10 Low 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,189
• − Mortgage interest: −$10,363
• − Property taxes: −$4,333
• − Insurance: −$925
• − Repairs & maintenance: −$1,375
• − Management: −$1,375
• − Depreciation: −$5,382
• Taxable loss: −$6,563
• Est. tax savings @ 24.0%: +$1,575
• After-tax cash flow: $-1,745/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: Griffith Public Schools
• NCES district ID: 1804170
• Math proficiency: 31% ▼ -15.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $54,808
• Composite: 30.37/100
• National rank: #6254
• State rank: #189 of 301 in IN

Livability — Griffith

• Score: 70/100
• State rank: #146
• US rank: #7400

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Griffith, IN
• County: Lake County · 422,878 people
• City population: 17,847
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 17,847
• Household income: $74,662
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 504.0

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 White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 17% Black 13% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 14% Puerto Rican 1%
• Common ancestry: Romanian 14% Iranian 4% Lithuanian 2%
• Foreign-born: 6% · Canada, Philippines, China
• Languages at home: 88% English-only · Spanish 9% Russian/Polish/Slavic 1% Other Asian/Pacific 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: ▼ -95.17%
• Current HPI: 278.3139
• 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

-17.7% since first listed

3 events — show timeline

• 2026-03-04 Price Changed $184,995 NIRA MLS as Distributed by MLS Grid
• 2025-12-29 Price Changed $199,900 NIRA MLS as Distributed by MLS Grid
• 2025-09-29 Listed $224,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+19.9%/yr

Latest (2024): $4,333 · +3.9% YoY. Source: county tax records.