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5258-56 Ann Avenue

Hammond, IN 46320
  • $300,000
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 497805
UPDATED: 39 min ago
$300,000
  • 8
    BEDS
  • 0.34
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,740
    SQFT
  • $80
    $/SQFT
Type:
Multi-Family
Built:
1902
County:
Area:

School Ratings & Info

Description

ATTENTION INVESTORS!! Close proximity to the Illinois/Indiana Border, the Hammond Academy of Science & Technology, Franciscan Health Centers, dining, and shopping. The future expansion of the South Shore Line's West Lake Corridor Line coming through the area makes this an amazing opportunity to generate income! Hammond's rejuvenation makes this a desirable investment.Upstairs is a 4BR, 2BA apartment (1430 ft2) (possible income of ~$1250/mo) that is able to be turned into (2)-2BR, 1BA units (715 ft2 each) (Possible Income of ~$900/mo each, $1800/mo total).Main Level is a 2BR, 1BA (1430 ft2) unit with a formal dining room (Possible income of ~ $900/mo).Parcel also includes the house in the back of the property, which has its own address: 17 Russell Street, a 2BR, 1BA (880 ft2) home with an eat-in kitchen. Could potentially earn ~$900/mo.All units currently rented to family members at discounted rates, so rent rolls will not be helpful in determining profitability/CAP Rates.

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© 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Lisa Gaff Team | Berkshire Hathaway HomeServices Executive Group Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-12-05T14:52:32.88.
www.lisagaff.com/homes/119890076
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5258-56 Ann Avenue Hammond, IN 46320

  • Price: $300,000
  • Status: Active
  • On Site: 127 Days
  • Updated: 39 min ago
  • MLS #: 497805
8
Beds
4
Baths
0
½ Baths
0.34
Acres
3,740
SQFT
$80
$/SQFT
1902
Built
Neighborhood:
Caroline Hohman Add/Hammond
County:
Lake
Area:
Hammond
Property Description
ATTENTION INVESTORS!! Close proximity to the Illinois/Indiana Border, the Hammond Academy of Science & Technology, Franciscan Health Centers, dining, and shopping. The future expansion of the South Shore Line's West Lake Corridor Line coming through the area makes this an amazing opportunity to generate income! Hammond's rejuvenation makes this a desirable investment.Upstairs is a 4BR, 2BA apartment (1430 ft2) (possible income of ~$1250/mo) that is able to be turned into (2)-2BR, 1BA units (715 ft2 each) (Possible Income of ~$900/mo each, $1800/mo total).Main Level is a 2BR, 1BA (1430 ft2) unit with a formal dining room (Possible income of ~ $900/mo).Parcel also includes the house in the back of the property, which has its own address: 17 Russell Street, a 2BR, 1BA (880 ft2) home with an eat-in kitchen. Could potentially earn ~$900/mo.All units currently rented to family members at discounted rates, so rent rolls will not be helpful in determining profitability/CAP Rates.
Exterior Features

Carport Spaces 0

Interior Features

Total Rooms 15

Property Features

Amenities BalconyDeck/PatioPets AllowedPorchStorage Area(S)Other Cross Street Address Russell Municipal Water Yes Property Subtype1 Income Property Septic No Sewer Yes Transaction Type Sale Water 0 Well No

Listing information © 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
Listing courtesy of Joseph Burdick of Weichert, Realtors - Wold Group.

© 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Lisa Gaff Team | Berkshire Hathaway HomeServices Executive Group Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-12-05T14:52:32.88.
 
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Lisa Gaff Team | Berkshire Hathaway HomeServices Executive Group Real Estate
2612 Calumet Road
Valparaiso IN, 46304