Hammond, IN 46323 7050 Idaho Avenue
$650,000



12 more












Presented By: Andrew Page with Ellsbury Group - (219) 200-5133;
Home Details
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.
Presented By: Andrew Page with Ellsbury Group - (219) 200-5133;
Interior Features for 7050 Idaho Avenue
Other Interior Features
Laundry FeaturesLower Level
General for 7050 Idaho Avenue
Building FeaturesOther
CityHammond
CountyLake
DirectionsFrom I-80/I-94, take Exit 2 north on Cline Avenue. Continue for approximately 1.5 miles, then turn left onto 169th Street. Drive about 0.8 miles and turn right onto Idaho Avenue.
Electric100 Amp Service
HeatingBaseboard, Other
Legal DescriptionPARRISH PARK LOT 5
Listing TermsCash, Other, Conventional
Lot Size Square Feet7601
Net Operating Income49508
OwnerPaysSee Remarks
Property SubtypeMulti Family
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8211
Tax Year2025
TownshipNorth
UtilitiesElectricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Year Built1978
Exterior for 7050 Idaho Avenue
Lot Size Acres0.1745
Lot Size SourceAppraiser
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History

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