428 Kenwood Street new Save Request In-Person Tour Request Virtual Tour
Hammond,IN 46324
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $130
Subdivision Hyde Park 2Nd Add
MLS Listing ID 820735
Year Built 1935
Annual Tax Amount $4,674
Tax Year 2024
Lot Size 4,138 Sqft
Property Sub-Type Multi Family
Property Description
Turnkey 5-Unit Multifamily Investment Opportunity Excellent opportunity to own a fully functional 5-unit apartment building with strong rental income in place. Four of the five units are currently tenant-occupied, generating immediate cash flow. The fifth unit--located in the basement--has just been completely remodeled and officially approved by the City of Hammond, adding even more value and income potential to the property.Strategically located just minutes from the Illinois border and in close proximity to the City of Chicago, this property is ideal for investors looking to expand their portfolio with a low-maintenance, income-producing asset.Each unit is individually metered for electric and cooking gas, with tenants responsible for their own utility costs. This setup simplifies management and enhances profitability.Don't miss out on this well-maintained building in a high-demand rental market.
Location
State IN
County Lake
Rooms
Basement Finished,Interior Entry
Interior
Interior Features None
Heating Forced Air
Cooling None
Flooring Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature None
Parking Features On Street
Utilities Available Electricity Available,Water Available,Sewer Available,Natural Gas Available
Roof Type Other
Building
Structure Type Brick
Others
Acceptable Financing Cash,Other,Conventional
Listing Terms Cash,Other,Conventional