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7050 Idaho Avenue
Hammond, IN 46323

$650,000 - Status: Active
SQFT: 5,220
MLS# 842304

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.

Property Features

MLS#: 842304
Zip: 46323
Subdivision:
Development: North
Property Type: Commercial - Business
Days on Site: 7
Heating: Baseboard, Other
Lot Size: 0.17 acres
Taxes: $8,211
Year Built: 1978

Feature Descriptions

Sewer: Public Sewer
Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Water: Public

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.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Ellsbury Group
Agency Phone: (219) 200-5133

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

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