Sold
Last Sold Price
10 beds5,478 sqft
228 N 3rd St, Decatur, IN 46733
Multi FamilyProperty Type
0.2 acresLot Size
1920Year Built
$16/sq ftPrice per sq ft
5 carsParking Spaces

Description

5 unit apt complex, each unit has 2 bedrooms, renovated bathroom, over 1000 sq ft per unit, each unit also has a garage. Garage has a unit above it. Great return on your investment. Many updates. Everything on this sheet deemed reliable but not guaranteed.5 unit apt complex, each unit has 2 bedrooms, renovated bathroom, over 1000 sq ft per unit, each unit also has a garage. Garage has a unit above it. Great return on your investment. Many updates. Everything on this sheet deemed reliable but not guaranteed.
  • Listed by: Brad Logan • 1st Class Hoosier Realty
  • Listed by: Greg Logan • 1st Class Hoosier Realty
Listing closed: 09/29/2017 12:00 AM • Source: Indiana Regional MLS, MLS#: 201739050

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Recent comparable sales

Median sold price

$399,900

Avg days on market

65

Sale-to-list ratio

90.4%

Decatur, IN

9 comparable properties found

$399,900 | 3615 Shady Lane, Decatur, IN 46733
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1

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Square Feet
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$375,000 | 1034 Lake Shores Drive, Decatur, IN 46733
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Sold 08/12/26

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$190,000 | 440 West Macon Street, Decatur, IL 62522
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Location

Listing Courtesy of 1st Class Hoosier Realty

Sold By 1st Class Hoosier Realty

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Property Information for 228 North 3rd Street

Property Details
  • Taxes: $3,974 / year
  • MLS Type: Multi Family / Fiveplex
  • County: Adams County
  • Style: Two Story
  • Architectural Style: Colonial
  • Subdivision: None
  • Waterfront: No
  • Water Features: None
  • Pet Restrictions: No
Building Information
  • Stories: 2
  • Residences: 5
  • Year Built: 1920
  • Lot Size: 0.20 AC / 8,712 SF
Summary
Location and General Information
  • Area: Adams County
  • City: Decatur
  • Zip Code: 46733
  • State: IN
  • Township: Washington
  • Fips Code: 18001
  • Directions To Property: Monroe st to 3rd st, turn north, building is on the right
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2017
  • Parcel Number Id: 01-05-03-201-030.000-022
School Information
  • School District: North Adams Community
  • Elementary: Northwest
  • Middle School: Bellmont
  • High School: Bellmont
Parking
  • Number Of Parking Spaces: 5
  • Parking: Garage
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fiveplex
  • Approx Lot Size Acres: 0.2
  • Lot Dimensions: 66 x 132
  • Below Grade Unfin Sqft: 2184.0
  • Total Square Feet: 7662.0
  • Approx Lot Size Sqft: 8712.0
  • Above Grade Finished Sqft: 5478.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 2184.0
  • Total Finished Sqft: 5478.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Outbuilding Length: 47.0
  • Outbuilding Sqft: 893
  • Outbuilding Width: 19.0
Property and Assessments
  • New Construction: No
  • Year Built: 1920
  • Age: 97
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Fireplace, Porch Open, Water Heater Gas, Garage-Heated
  • Common Amenities: Laundry Facilities
  • Driveway: Concrete
  • Exterior: Asphalt
  • Fence: None
  • Outbuilding: Outbuilding
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Dishwashers: 1
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 1
  • Number of Ranges/Ovens: 5
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 2
  • Number of Washers: 1
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Full Basement, Unfinished
  • Cooling: Wall AC
  • Flooring: Carpet, Part Carpet, Vinyl Tile, Wood
  • Heating/Fuel: Gas, Radiator
  • Stories: 2
  • Number of Above Grade Bedrooms: 10
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 10
  • Total Number of Full Baths: 5
  • Total Number of Half Baths: 0
  • Total Baths: 5
  • Number Total Rooms Below Grade: 1
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 5
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 5
  • Num of Units Rented: 0
  • Number of Buildings: 2
  • Number of Units: 5
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $4,400.00
  • Annual Gross Rent $: $30,000
  • Annual Insurance Expense: $1,826
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $18,192
  • Annual Property Tax: $3,974
  • Annual Trash Expense: $600
  • Annual Water/Sewer Exp: $1,008
  • Gross Monthly Income: $2,500
  • Gross Monthly Rent: $2,500
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Cooling, Electric

Property History for 228 North 3rd Street

DateEvent & SourcePriceAppreciation
Sep 29, 2017

Sold (Public Record)

Public Record #1272511335

$89,900
Sep 29, 2017

Sold

Indiana Regional MLS #201739050

$89,900
Aug 25, 2017

Pending

Indiana Regional MLS #201739050

DateEvent & SourcePrice
09/29/2017

Sold (Public Record)

Public Record #1272511335

$89,900
09/29/2017

Sold

Indiana Regional MLS #201739050

$89,900
08/25/2017

Pending

Indiana Regional MLS #201739050

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 228 North 3rd Street

Taxable ValueLand$16,700Additions$278,600Total$295,300
Tax Record2025$5,906 ($492 / month)
Home Facts
Baths4Total Finished SqFt4,368 SqFtAbove Grade Finished SqFt4,368 SqFtStories2Lot Size8,582 SqFtStyleDuplexYear Built1920Year Renovated1920CountyADAMSAPN01-05-03-201-030.000-022

Schools near 228 North 3rd Street

This home is within North Adams Community Schools.
Rating
School
Type
Grades
Distance
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Private - PK to 8
Rating
School
Distance
Bellmont Middle School
Public6 to 8

Bellmont Senior High School
Public9 to 12

Zion Lutheran School
PrivatePK to 8

St Joseph School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 228 North 3rd Street, Decatur, IN 46733
$89,900
10
5,478
8,712
$74,900
3
1,272
5,238
15,264
8,712
$55,000
2
1,536
4,092
$80,900
3
1,446
4,356
3
2
1,544
7,920

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 1st Class Hoosier Realty

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.