Income-Producing Gem! This multi-unit property in Hammond, near the Illinois-Indiana border, offers unbeatable convenience with proximity to the South Shore and Metra Lines. Included is an expansive extra-wide lot, perfect for development with endless possibilities. Rents can easily go up: market rents are higher. Exciting news: the upcoming West Lake Corridor train line project by the Northern Indiana Commuter Transportation District is actively progressing, enhancing the area with relocated utilities and new infrastructure. Theeight-mile extension of the South Shore Line will soon bring commuter trains through high-growth areas like Hammond, Munster, and Dyer. Don't miss out on this prime investment opportunity in a rapidly developing region!
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Entrance Foyer
- Pantry
- Laminate Counters
- Window Features: Insulated Windows
Heating and Cooling
- Heating Features: Forced Air
Exterior and Lot Features
- Private Yard
- Road Surface Type: Asphalt
Land Info
- Additional Parcels: Yes
- Lot Size Acres: 0.0803
- Lot Size Dimensions: 50x138
- Lot Size Square Feet: 3497
Garage and Parking
Home Features
School Information
- Elementary School: Frank H Hammond Elementary School
- High School: Hammond Central High School
- High School District: Hammond
- School District: Hammond
Rental Info
- Gross Income: 24000
- Gross Scheduled Income: 24000
- Rent Includes: Water
Homeowners Association
- Association Fee Frequency: Annual
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 3151
- Source Listing Status: Active
- County: Lake
- Directions: Hohman Ave, West on Gostlin St, North to subject.
- Tax Year: 2022
- Source Property Type: Residential Income
- Property Subtype: condo
- Source Neighborhood: Eschenbergs State Line Add
- Owner Pays: Water
- Postal Code Plus 4: 1316
- Subdivision: Eschenbergs State Line Add
- Township: North
- Property Subtype: Apartment
- Source System Name: C2C
Utilities
- Electric: Separate Meters
- Sewer: Public Sewer
- Electricity Available
- Natural Gas Available
- Water Source: Public
Building and Construction
- Year Built: 1895
- Above Grade Finished Area: 2064
- Levels: Two
- Property Age: 129