Hammond, IN 46324 428 Kenwood Street

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Presented By: Cirilo Favela with Favela Real Estate, LLC - (219) 617-9710;
  • MLS# 820735
  • 05/14/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • SQFT • 3,840

Home Details

Turnkey 5-Unit Multifamily Investment Opportunity Excellent opportunity to own a fully functional 5-unit apartment building with strong rental income in place. Four of the five units are currently tenant-occupied, generating immediate cash flow. The fifth unit--located in the basement--has just been completely remodeled and officially approved by the City of Hammond, adding even more value and income potential to the property.Strategically located just minutes from the Illinois border and in close proximity to the City of Chicago, this property is ideal for investors looking to expand their portfolio with a low-maintenance, income-producing asset.Each unit is individually metered for electric and cooking gas, with tenants responsible for their own utility costs. This setup simplifies management and enhances profitability.Don't miss out on this well-maintained building in a high-demand rental market.
Presented By: Cirilo Favela with Favela Real Estate, LLC - (219) 617-9710;

Interior Features for 428 Kenwood Street

Other Interior Features

Interior AmenitiesNone
Laundry FeaturesGas Dryer Hookup, Washer Hookup

General for 428 Kenwood Street

Adult Family HomesCommunity Apartment
AppliancesRefrigerator
Building FeaturesMulti Tenant
CityHammond
CountyLake
DirectionsTake ramp onto I-80 W/I-94 W (Borman Expy) toward Chicago, thenTake exit 1 toward Calumet Ave onto US-41 N (Calumet Ave), then turn left onto 165th St. then Turn right onto Garfield Ave, end at 428 Garf
Electric100 Amp Service
HeatingForced Air
Legal DescriptionHYDE PARK 2ND ADD. ALL L.12 AND N2 VAC ALLEY LY'G S. OF L.12 10 X 59 FT.
Listing TermsCash, Other, Conventional
Lot Size Square Feet4138
OwnerPaysOther, Trash Collection, Sewer
Property SubtypeMulti Family
Property TypeCommercial Sale
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameHyde Park 2nd Add
Tax Annual Amount4674.1
Tax Year2024
TownshipNorth
UtilitiesElectricity Available, Water Available, Sewer Available, Natural Gas Available
ViewNeighborhood, Trees/Woods
Year Built1935

Exterior for 428 Kenwood Street

Exterior AmenitiesNone
Lot Size Acres0.095
Lot Size SourceAssessor
Parking FeaturesOn Street
Total Parking6
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Jaymee Gibson

Realtor
Price $479,900
MLS#820735
List Date 05/14/2025
Property Type Commercial
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