Homes for sale - 428 Kenwood Street, Hammond, IN 46324

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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 226-4848

$499,900

Est. payment - /mo

3,840 SqFt

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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

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Listed by Favela Real Estate, LLC

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 226-4848 | joanna@boutiquehomerealty.com

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428 Kenwood Street Hammond, IN 46324

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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428 Kenwood Street