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$300,000
5258 Ann Ave, Hammond, IN 46320
8 Beds
4 Baths
3,740 sqft

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ATTENTION INVESTORS!! Close proximity to the Illinois/Indiana Border, the Hammond Academy of Science & Technology, Franciscan Health Centers, dining, and shopping. The future expansion of the South Shore Line's West Lake Corridor Line coming through the area makes this an amazing opportunity to generate income! Hammond's rejuvenation makes this a desirable investment.Upstairs is a 4BR, 2BA apartment (1430 ft2) (possible income of ~$1250/mo) that is able to be turned into (2)-2BR, 1BA units (715 ft2 each) (Possible Income of ~$900/mo each, $1800/mo total).Main Level is a 2BR, 1BA (1430 ft2) unit with a formal dining room (Possible income of ~ $900/mo).Parcel also includes the house in the back of the property, which has its own address: 17 Russell Street, a 2BR, 1BA (880 ft2) home with an eat-in kitchen. Could potentially earn ~$900/mo.All units currently rented to family members at discounted rates, so rent rolls will not be helpful in determining profitability/CAP Rates.
  • Price:
  • $300,000
  • Bedrooms:
  • 8
  • Full Baths:
  • 4
  • Square Footage:
  • 3,740
  • Acreage:
  • 0.34
  • Year Built:
  • 1902
  • Listing ID #:
  • 497805
  • Street Address:
  • 5258 Ann Ave
  • City:
  • Hammond
  • State:
  • Indiana
  • Postal Code:
  • 46320
  • County:
  • Lake
  • Community:
  • 105-Hammond N.
  • Subdivision:
  • Caroline Hohman Add/Hammond
  • Listing Status:
  • Active
  • Listing Type:
  • Income Property
  • Amenities:
  • Balcony, Deck/Patio, Pets Allowed, Porch, Storage Area(s), Other
  • Number Of Units:
  • 2
  • Total Building Square Footage:
  • 3740
  • Year Built:
  • 1902
  • Lot Square Footage:
  • 15000.00
  • Property Taxes:
  • $2,049
  • Total Rooms:
  • 15
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Weichert
  • NWIN

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