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4747 Drummond St, East Chicago, IN, 46312

2beds
1baths
611sqft
$70,000
$115price/sqft
$603/moest. monthly cost
$24,120/yrincome needed

About This Home

Calling all investors! This charming 2-bedroom, 1-bath home offers an excellent opportunity to create value through a complete renovation. The property is in need of a full rehabilitation, making it an ideal project for those looking to build equity or add a strong rental property to their investment portfolio. A major improvement has already been completed with a full tear-off roof replacement in approximately 2019, providing a solid starting point for your renovation plans. Conveniently located near Riley Park, you'll enjoy easy access to an outdoor walking track, basketball courts, outdoor fitness equipment, and a playground, offering wonderful recreational amenities just minutes from the property. With limited inventory in East Chicago at this price point, this is a rare opportunity to transform this property into a profitable investment or a place to call home. Bring your vision and unlock this property's full potential! Sold "As Is".

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Fixer
  • Year built: 1926

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None
  • Laundry features: Lower Level,Sink

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Main
  • Area: 81
  • Dimensions: 9.0 x 9.0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Eat-in Kitchen
  • Finished area above ground: 611

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 611
  • Total interior livable area: 611 sqft

Kitchen

  • Level: Main
  • Area: 90
  • Dimensions: 10.0 x 9.0

Living Room

  • Level: Main
  • Area: 150
  • Dimensions: 15.0 x 10.0

Other

  • Level: Main
  • Area: 45
  • Dimensions: 9.0 x 5.0

Primary Bedroom

  • Level: Main
  • Area: 81
  • Dimensions: 9.0 x 9.0

Property

Details

  • Parcel number: 450328477003000024
  • Special condition: None

Features

  • Levels: One
  • Pool features: None
  • Patio & porch: Enclosed
  • Exterior features: None
  • Fencing: Chain Link,Fenced
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 6,098 sqft
  • Features: Few Trees

Parking

  • Total spaces: 1.5
  • Parking features: Detached,On Street,Alley Access
  • Has garage: Yes
  • Attached garage spaces: 1.5
  • Covered spaces: 1.5

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $353$4,236
Home Insurance *$66$792
Property Taxes $0$0
Electricity $184$2,212
Total$603$7,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$20,674/yr
40% on housing$18,090/yr
45% on housing$16,080/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$115This listing

vs Other Active Listings

Avg $/sqft

ZIP 46312$88
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46312$86
Lake County$150

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-30Listed for sale$70,000
1999-08-31Sold$21,900

For Sale by Agent

AgentCandice Morales-Christian
BrokerageColdwell Banker Real Estate Gr

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