3847 Hohman Ave

Hammond, Indiana, 46327

Tax LienpendingSells Sep 8, 2026 · 25 days ago

View on map ↗

Opening bid

$20,193

Assessed value

$168,600

Land $25,400Improvement $143,200

Market / AVM

$168,600

Taxes owed

—

Parcel number: 45-02-24-406-019.000-023
Case number: —
Land use: Commercial
Building: 4,766 sqft
Acreage: 0.23
Lot size: 9,947 sqft
Year built: 1965
Owner of record: Four Brothers Property Inc

Property facts enriched via realestateapi · 8/25/2026

Aerial view of 3847 Hohman Ave — the parcel

Aerial view of 3847 Hohman Ave — what is around it

Property detail

RealEstateAPI PropertyDetail · Every populated field, as returned · 176 values

Summary(17)

Last update date
Id	158,445,058
Flood zone	Yes
High equity	Yes
Last sale date	2015-05-28
Property type	OTHER
Equity percent	44
Flood zone type	X
Corporate owned	Yes
Estimated value	$168,600

County records

Official appraiser / assessor — free, always available. Copy the parcel number if the link opens a search page.

Google Maps (parcel / address search) ↗

Lake County rules

Sale type: Tax Lien
Redemption: 1 year from sale
Return if redeemed: 10–15% plus 5–10% penalty depending on timing
Statute: Indiana Code Title 6, Art. 1.1

Full county profile →

Historical comps

No historical bucket for IN|Tax Lien

No recorded comps yet for this state/sale type. Run deedpilot-copilot import-history --deep and build-history-index.

Index 2026-08-01 · 87,879 total recorded outcomes

Liens that survive

Tax sale certificate is not ownership. Mortgages, federal liens, municipal demolition/code liens, and environmental issues are common in older industrial cities — full search required before bidding and before deed.

Quiet title

After tax deed, title insurers typically require quiet title before insuring marketable title, especially on vacant or multi-lien urban parcels.

Verify before you bid

This record was compiled from the published sale list. Parcels are pulled, redeemed, and re-priced up to the moment of sale. Confirm the lot is still in the sale, and confirm the opening bid, directly with the county.

Lake County Treasurer / Auditor Tax Sales ↗

Deal analysis

Your maximum bid

$96,480

Walk away above this. Projected profit at the ceiling: $50,580 (30% of ARV).

Opening bid $20,193

Room to bid $76,287

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$46,848

Under max by $49,631

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for IN|Tax Lien; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $168,600. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $168,600
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$13,488
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical IN range ($1,500–$5,000, ~4 months).: −$3,250
Deed recording and transferassumed Typical IN recording and deed issuance cost.: −$250
Holding costs (18 months)assumed Taxes, insurance, and securing the property at ~$253/month.: −$4,552
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$50,580
Maximum bid: $96,480

If the owner redeems

Flat penalty

10%

You'd receive

$9,648

Window

365 days

IN sells liens: the expected outcome is redemption with interest, not ownership. Taking title needs a separate foreclosure after 365 days.

Quoted elsewhere as 20% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE PENALTY BASE IS THE MINIMUM BID, NOT YOUR BID. 110%/115% under IC 6-1.1-25-2 is computed on the minimum bid; the amount you paid above it earns only 5% per annum, and only for sales after 2014-06-30. Indiana sells by premium bidding, so on any competitive parcel the modelled tier overstates the return — a $1,200 minimum taken at $6,000 returns 10% on $1,200 and 5%/yr on $4,800, not 10% on $6,000. Treat the computed penalty as a ceiling until the type carries a penalty base.
Indiana's ratio is 1.0, but IC 6-1.1-31-6(c) says in terms that true tax value DOES NOT mean fair market value — it means market value-in-use, the value of the parcel for its current use. On a derelict or under-used parcel, which is most of what reaches a tax sale, value-in-use can sit well below what the land would fetch redeveloped, and on special-purpose property it can sit above. A 1.0 ratio here is not a licence to treat the assessment as an appraisal; get comparable sales.

AI risk brief

Reads this parcel against LakeCounty's rules and flags what could go wrong — surviving liens, redemption exposure, title cost, and the facts we don't have. Takes about 35 seconds; the result is saved, so opening this lot again is instant.

158,445,058

Flood zone

Yes

High equity

Yes

Last sale date

2015-05-28

Property type

OTHER

Equity percent

Flood zone type

Corporate owned

Yes

Estimated value

$168,600

Last update date

Deal analysis

Your maximum bid

$96,480

Walk away above this. Projected profit at the ceiling: $50,580 (30% of ARV).

Opening bid $20,193

Room to bid $76,287

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$46,848

Under max by $49,631

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for IN|Tax Lien; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $168,600. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $168,600
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$13,488
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical IN range ($1,500–$5,000, ~4 months).: −$3,250
Deed recording and transferassumed Typical IN recording and deed issuance cost.: −$250
Holding costs (18 months)assumed Taxes, insurance, and securing the property at ~$253/month.: −$4,552
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$50,580
Maximum bid: $96,480

If the owner redeems

Flat penalty

10%

You'd receive

$9,648

Window

365 days

IN sells liens: the expected outcome is redemption with interest, not ownership. Taking title needs a separate foreclosure after 365 days.

Quoted elsewhere as 20% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE PENALTY BASE IS THE MINIMUM BID, NOT YOUR BID. 110%/115% under IC 6-1.1-25-2 is computed on the minimum bid; the amount you paid above it earns only 5% per annum, and only for sales after 2014-06-30. Indiana sells by premium bidding, so on any competitive parcel the modelled tier overstates the return — a $1,200 minimum taken at $6,000 returns 10% on $1,200 and 5%/yr on $4,800, not 10% on $6,000. Treat the computed penalty as a ceiling until the type carries a penalty base.
Indiana's ratio is 1.0, but IC 6-1.1-31-6(c) says in terms that true tax value DOES NOT mean fair market value — it means market value-in-use, the value of the parcel for its current use. On a derelict or under-used parcel, which is most of what reaches a tax sale, value-in-use can sit well below what the land would fetch redeveloped, and on special-purpose property it can sit above. A 1.0 ratio here is not a licence to treat the assessment as an appraisal; get comparable sales.

Apn	45-02-24-406-019.000-023
Land use	Commercial
Lot acres	0.23
Lot number	18-20
Census block	4069
Census tract	020300
Property use	Retail Stores (Personal Services, Photography, Travel)
Lot depth feet	107
Lot width feet	93
Lot square feet	9,947
Property class	The general use for the property is for commercial purposes
Apn unformatted	450224406019000023
Census block group	9
Legal description	DOUGLAS PARK MANOR ALL LOTS 18 & 19 BL.2 W2 LOT 20 BL.2

Year	2,024
Tax amount	$8,651
Property id	158,445,058
Market value	$168,600
Assessed value	$168,600
Assessment year	2,025
Market land value	$25,400
Assessed land value	$25,400
Market improvement value	$143,200
Assessed improvement value	$143,200

Seq no	1
Sale date	2015-05-28
Arms length	Yes
Buyer names	Four Brothers Property Inc
Seller names	Joseph Hodges, Joseph E Hodges
Document type	Warranty Deed
Recording date	2015-06-03
Document number	2015 034312
Purchase method	Financed
Transaction type	Non-Residential Arm's Length Transactions
Document type code	DTWD

Owner1 type	Company
Owner2 type	Other
Company name	Four Brothers Property Inc
Mail address · zip	46327
Mail address · city	Hammond
Mail address · fips	18089
Mail address · zip4	1160
Mail address · house	3847
Mail address · label	3847 Hohman Ave, Hammond, IN 46327
Mail address · state	IN
Mail address · county	Lake County
Mail address · street	Hohman
Mail address · address	3847 Hohman Ave
Mail address · carrier route	C028
Mail address · address format	S
Corporate owned	Yes
Owner1 full name	Four Brothers Property Inc
Owner1 last name	Four Brothers Property Inc
Ownership length	134

Fmr year	2023
Hud area code	METRO16980MM2960
Hud area name	Gary, IN HUD Metro FMR Area
Median income	$47,862
Fmr efficiency	$677
Fmr one bedroom	$815
Fmr two bedroom	$1,000
Fmr four bedroom	$1,361
Fmr three bedroom	$1,227

Address · zip	46327
Address · city	Hammond
Address · fips	18089
Address · zip4	1160
Address · house	3847
Address · label	3847 Hohman Ave, Hammond, IN 46327
Address · state	IN
Address · county	Lake County
Address · street	Hohman
Address · address	3847 Hohman Ave
Address · street type	Ave
Address · carrier route	C028
Address · jurisdiction	Lake County
Address · congressional district	01
Stories	1
Deck area	0
Latitude	41.64321662660805
Pool area	0
Longitude	-87.51688689222928
Patio area	0
Year built	1,965
Rooms count	0
Units count	0
Property use	Retail Stores (Personal Services, Photography, Travel)
Basement type	NO BASEMENT
Construction	Other
Lot square feet	9,932
Parking spaces	0
Buildings count	0
Property use code	178
Garage square feet	0
Living square feet	4,766
Partial bathrooms	0
Building condition	Average
Basement square feet	0
Building square feet	4,766
Price per square foot	0
Parcel account number	007-26-33-0015-0018
Utilities sewage usage	Yes
Utilities water source	Yes
Plumbing fixtures count	0
Basement square feet finished	0
Basement square feet unfinished	0

Ids	199171626, 187821360, 199171634, 187821359, 158441831, 700050622855, 158445058
Total owned	7
Total value	$754,200
Total equity	$523,214
Purchased last6mos	0
Purchased last12mos	0
Total mortgage balance	$230,986