4104 Hohman AVE, Hammond, IN 46327
4104 Hohman AVE, Hammond, IN 46327
4104 Hohman AVE, Hammond, IN 46327
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$649,000
Est. payment /mo
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4,017 SqFt
Active

4104 Hohman AVE Hammond, IN 46327

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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 4,017 sqft

Price per Sqft $161

MLS Listing ID 846781

HOA Y/N No

Year Built 1970

Annual Tax Amount $11,746

Tax Year 2024

Lot Size 0.480 Acres

Acres 0.48

Property Sub-Type Multi Family

Property Description

This offering presents an excellent opportunity to acquire a well-maintained eight-unit multifamily property located in the North Hammond, Indiana submarket. The property features a desirable unit mix consisting of six spacious one-bedroom, one-bath apartments and two studio apartments, appealing to a broad tenant base while providing investors with consistent rental income potential. Six of the eight units have been recently updated with modern interior finishes, significantly reducing near-term capital expenditure requirements while offering additional value-add potential through renovations to the remaining two units. Conveniently situated near major highways, employment centers, shopping, and the Illinois state line, the property benefits from North Hammond's strategic location and accessibility to the greater Chicagoland area. The area's affordability relative to neighboring Illinois communities continues to support rental demand and attract residents seeking quality housing at competitive rates. This property offers investors an attractive combination of in-place cash flow, recent improvements, and additional upside through continued rent optimization and targeted renovations. Whether seeking to expand an existing multifamily portfolio or acquire a stabilized investment with value-add potential, this eight-unit property represents a compelling opportunity in the Northwest Indiana market.

Location

State IN

County Lake

Interior

Heating Other

Fireplace N

Exterior

Parking Features Driveway, Garage Faces Rear

View Y/N true

Building

Sewer Public Sewer

Water Public

Others

Tax ID 450225201020000023

Acceptable Financing NRA20261007173357513952000000

Listing Terms NRA20261007173357513952000000

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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4104 Hohman AVE