Price Reduction - Views
7302 Columbia Avenue Hammond, IN
$ 249,000
Property Attributes
  • MLS#480298
  • TypeMulti-Family
  • CountyLAKE
  • CityHammond
  • NeighborhoodFord-Roxana Add
  • Zip46324
  • StyleIncome Property
  • Price$ 249,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6564
  • Lot Size11,761 SqFt
Listing Provided Courtesy Of:
Jeff McCormick with McCormick Real Estate, Inc.
Property Description

THIS CORNER LOT PROPERTY HAS 2 MULTI-USE BUILDINGS!! The front all-brick building has a dry cleaning business store front with a 3 bedroom/1 bath apartment on the upper level. Water heater replaced 3 years ago. The rear building includes a store front on the main level with a half bath and storage space and a 2 bedroom/1 bath apartment on the upper level. This building was rebuilt in 2002 and in great condition! The roof was replaced 3 years ago. The backyard is fully fenced in with 4 parking spaces. Dry-cleaning business brings in $3000/month plus a potential of $1000/month in upstairs unit. The rear building has potential rental income of $1400/month. Net CAP rate 8%. If the buyer is interested in the dry cleaning business, all equipment can stay. If not, the seller intends to take the sewing machines with them. All appliances can stay. Come view this great investment property today!!

Price History
8/27/2020 Listed $249,900
11/2/2020 1% - $249,000

General Features

Exterior Features Brick, Cement Block, Vinyl
Garage Spaces 0.0
Property SubType Income Property
Property Type Multi Unit/Income
Subdivision Name Ford-Roxana Add
Transaction Type Sale
Year Built 1946

Interior Features

Basement Y/N Yes
Living Area 6564.00
Total Bedrooms 5

Exterior Features

Bathrooms 2.50
Lot Size Square Feet 11761.00
Municipal Water Yes
Septic No
Well No


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

Property vs Zip Code Average in 46324

AVG $220K
AVG 63
Year Built
AVG 1948
AVG 66
Data Provided by Walkscore ® not using MLS data

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