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$650,000
Est. payment /mo
5,220 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,220 sqft
Price per Sqft $124
MLS Listing ID 842304
Year Built 1978
Annual Tax Amount $8,211
Tax Year 2025
Lot Size 7,601 Sqft
Property Sub-Type Multi Family
Property Description
This offering presents a rare opportunity to acquire a portfolio of four well-maintained five-unit apartment buildings located in the South Hammond, Indiana submarket. The properties may be purchased individually or as a portfolio, providing flexibility for investors seeking either a single asset or the opportunity to quickly expand their multifamily holdings. Each building consists of one spacious three-bedroom, two-bath apartment and four oversized one-bedroom, one-bath apartments. The larger unit mix provides a unique appeal to a broad tenant base while offering above market rental income. Across the portfolio's 20 total units, 15 have been recently renovated with modern interior finishes, significantly reducing near-term capital expenditures. Situated just minutes from major highways, employment centers, shopping, and the Illinois state line, the portfolio benefits from South Hammond's convenient location and consistent rental demand. The area's affordability compared to neighboring Chicago communities continues to attract both residents and investors, making these properties an attractive long-term investment. Whether acquired individually or as a package, this portfolio offers investors the opportunity to purchase well-located multifamily assets with a combination of in-place cash flow, recent capital improvements, and additional upside through the renovation of the remaining units and continued rent optimization. Other addresses: 7027 Parrish Ave, 7105 Parrish Ave, 7100 Idaho Ave. All are in Hammond on the same block.
Location
State IN
County Lake
Interior
Heating Baseboard, Other
Cooling Central Air, Other
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Roof Type Other
Building
Story 3
Structure Type Other
Others
Acceptable Financing Cash, Other, Conventional
Listing Terms Cash, Other, Conventional
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Listed by Ellsbury Group
NEARBY SCHOOL & BUSINESS
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com