Income-Generating Property with Great Rent
Located at 4838 Homerlee Ave,East Chicago, IN 46312, this 3-bedroom, 1-bathroom home is a fantastic opportunity for real estate investors. Currently rented at $1075/month on Section-8 with lease through July 2025, this property is already generating steady cash flow. With a possible fourth bedroom addition in the attic, there’s significant value-add potential to boost future rental income or resale value.
This home features a full basement, providing extra space for tenants or additional storage. Recent updates include a 3-year-old roof and half the windows replaced in the last 12 years. The furnace, at 9 years old, is in solid working condition, and the hot water tank was replaced 12 years ago, ensuring minimal immediate repair needs.
With a tenant in place, this low-maintenance, income-generating property is a solid addition to any portfolio. Don’t miss out on the chance to invest in this well-maintained, cash-flowing asset with future upside potential!