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Est. payment /mo
4,017 SqFt
New
4104 Hohman Avenue Hammond, IN 46327
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,017 sqft
MLS Listing ID 846781
Year Built 1970
Annual Tax Amount $11,746
Tax Year 2024
Lot Size 0.480 Acres
Property Sub-Type Multi Family
Property Description
This offering presents an excellent opportunity to acquire a well-maintained eight-unit multifamily property located in the North Hammond, Indiana submarket. The property features a desirable unit mix consisting of six spacious one-bedroom, one-bath apartments and two studio apartments, appealing to a broad tenant base while providing investors with consistent rental income potential. Six of the eight units have been recently updated with modern interior finishes, significantly reducing near-term capital expenditure requirements while offering additional value-add potential through renovations to the remaining two units. Conveniently situated near major highways, employment centers, shopping, and the Illinois state line, the property benefits from North Hammond's strategic location and accessibility to the greater Chicagoland area. The area's affordability relative to neighboring Illinois communities continues to support rental demand and attract residents seeking quality housing at competitive rates. This property offers investors an attractive combination of in-place cash flow, recent improvements, and additional upside through continued rent optimization and targeted renovations. Whether seeking to expand an existing multifamily portfolio or acquire a stabilized investment with value-add potential, this eight-unit property represents a compelling opportunity in the Northwest Indiana market.
Location
State IN
County Lake
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Parking Features Driveway, Garage Faces Rear
Utilities Available Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Roof Type Other
Building
Structure Type Other
Others
Acceptable Financing Cash, Other, Conventional
Listing Terms Cash, Other, Conventional
Listed by Ellsbury Group
NEARBY SCHOOL & BUSINESS
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