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.
Listed By
Agency Name: Ellsbury Group
Agency Phone: (219) 200-5133
Shown By
Agent Name: Jay Tenuta
Agent Phone: (219) 393-9163
Agency Title: Coldwell Banker 1st Choice
Coldwell Banker 1st Choice Jay Tenuta (219) 393-9163
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7050 Idaho Avenue , Hammond, IN 46323.
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7050 Idaho Avenue , Hammond, IN 46323.
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7050 Idaho Avenue | MLS# 842304
This commercial property located at 7050 Idaho Avenue , Hammond, IN 46323 is currently listed for sale with an asking price of $650,000. Search Hammond real estate on www.jaytenuta.com today.