Adult 55+
Address
7701-7707 Taft Odd Add. #S Street Merrillville, IN
Price
$ 590,000
Property Attributes
  • MLS#494067
  • TypeMulti-Family
  • CountyLAKE
  • CityMerrillville
  • Zip46410
  • StyleIncome Property
  • Price$ 590,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3537
  • Lot Size9.84 Acres
Listing Provided Courtesy Of:
Eric Pace with BHHS Executive Realty
Data Source:
Greater Northwest Indiana MLS (GNIAR) - 209 - IN
Property Description

Addresses 7701,7703,7705,7707 Taft. Perfectly prime for development. Nearly 10 acres. The front portion along Taft St. is zoned (C2 ex: stripmall, office, retail): the back portion is zoned for Medium or possibly HIGH DENSITY (R5) which means potentially 120+ condo/retirement units/Multi-family ( and 5+ strip mall unit. Utilities are at the site. Also 3 homes that are fully occupied all on separate parcels (each with 2+ acres each) bring in over $2400 a month in rents. Collect rents while you develop - supported parcel. Projected value for new 2 bedroom condo units would range between 200k-230k each(take a look at Brookstone development just a few blocks to the North 120 condo units sold/selling at $120k+ avg. a piece!! over 10years ago) ex: 120x$120,000 = $14,000,000

Price History
6/2/2021 Listed $590,000

General Features

Exterior Features Aluminum Siding, Brick, Vinyl
Garage Spaces 0.0
Property SubType Income Property
Property Type Multi Unit/Income
Subdivision Name none
Transaction Type Sale
Year Built 1970
Zoning Description Commercial, Residential

Interior Features

Living Area 3537.00
Total Bedrooms 7

Exterior Features

Bathrooms 4.00
Lot Size Square Feet 428630.00
Municipal Water Yes
Septic No
Well No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 46410

Price
AVG $380K
$590K
Visits
AVG 44
82
Year Built
AVG 1949
1970
Walkscore
AVG 36
36
Data Provided by Walkscore ® not using MLS data

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