5258-56 Ann Avenue Hammond, IN
$ 300,000
Property Attributes
  • MLS#497805
  • TypeMulti-Family
  • CountyLAKE
  • CityHammond
  • NeighborhoodCaroline Hohman Add-Hammond
  • Zip46320
  • StyleIncome Property
  • Price$ 300,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3740
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Joseph Burdick with Weichert, Realtors-Wold Group
Data Source:
Greater Northwest Indiana MLS (GNIAR) - 209 - IN
Property Description

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 History
7/30/2021 Listed $300,000

General Features

Exterior Features Brick, Redwood
Garage Spaces 0.0
Property SubType Income Property
Property Type Multi Unit/Income
Subdivision Name Caroline Hohman Add/Hammond
Transaction Type Sale
Year Built 1902

Interior Features

Living Area 3740.00
Total Bedrooms 8

Exterior Features

Bathrooms 4.00
Lot Size Square Feet 15000.00
Municipal Water Yes
Septic No
Well No


  • 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 46320

AVG $270K
AVG 37
Year Built
AVG 1909
AVG 71
Data Provided by Walkscore ® not using MLS data

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