2140 Indianapolis Boulevard new Save Request In-Person Tour Request Virtual Tour
Whiting,IN 46394
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,468 sqft
Price per Sqft $73
Subdivision Forsyth Indiana Blvd
MLS Listing ID 823558
Bedrooms 9
Full Baths 4
Year Built 1922
Annual Tax Amount $6,040
Tax Year 2023
Lot Size 0.830 Acres
Property Sub-Type Duplex
Property Description
Multi-Faceted Investment Opportunity!Located just minutes from vibrant 119th Street, Whihala Beach on Lake Michigan, and Calumet College of St. Joseph, this property offers an incredible opportunity for both current income and future development.Sale Includes:Two separate, spacious homesA 10+ car parking lotAdditional vacant lots to the East and West -- offering the potential to build additional homes or other structures!The city is open to proposals for new construction on the vacant land, offering even more potential. Both homes are currently occupied by long-term tenants on month-to-month leases.Property Details:2142 (rented at 1,525/month): 3 bedrooms, 2 full bathrooms (one in the hobby space), a large eat-in kitchen, family room, hobby space, and in-unit laundry.2144 (rented at 1,555/month): 6 bedrooms, 2 full bathrooms (one on each level), freshly painted with new flooring. The main floor features a kitchen, living room, and 3 bedrooms (including one with a walk-in closet). Upstairs includes a large family room, 3 additional bedrooms, and in-unit laundry.One water bill is covered by the owner; tenants are responsible for their own NIPSCO (gas and electric) bills.With 3,080/month in rental income already coming in, you can take your time designing future developments while generating steady cash flow. The ample parking and flexible zoning potential make this a truly compelling investment!
Location
State IN
County Lake
Interior
Interior Features Eat-in Kitchen
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature None
Parking Features Additional Parking,On Street,Gravel
Utilities Available Electricity Connected,Sewer Connected,Water Connected,Natural Gas Connected
Building
Lot Description Other
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional