7027 Parrish AVE, Hammond, IN 46323
7027 Parrish AVE, Hammond, IN 46323
7027 Parrish AVE, Hammond, IN 46323
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$650,000
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5,220 SqFt
Active

7027 Parrish AVE Hammond, IN 46323

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,220 sqft

Price per Sqft $124

MLS Listing ID 842306

HOA Y/N No

Year Built 1978

Annual Tax Amount $8,210

Tax Year 2025

Lot Size 7,601 Sqft

Acres 0.1745

Property Sub-Type Multi Family

Property Description

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: 7050 Idaho Ave, 7105 Parrish Ave, 7100 Idaho Ave. All are in Hammond on the same block.

Location

State IN

County Lake

Interior

Heating Baseboard, Other

Fireplace N

Exterior

Parking Features On Street

View Y/N true

Building

Sewer Public Sewer

Water Public

Others

Tax ID 450710302001000023

Acceptable Financing NRA20260714201407752442000000

Listing Terms NRA20260714201407752442000000

Listed by Ellsbury Group • Andrew Page

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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7027 Parrish AVE