2650 164th Place

Hammond, IN 46323

$370,000
Last Sold Price
4
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Position yourself for success with this amazing investment opportunity- a fully occupied four-unit property situated in the prime location of Hessville! All units have 1 bedroom and 1 bathroom which were remodeled in 2021. Additionally, Tuckpointing was done in 2021. Property currently sits at a 5.8% cap rate and projects to a 8%+ cap after rent stabilization. Tenants are responsible for electric and heat. Don't miss out on this great opportunity!Position yourself for success with this amazing investment opportunity- a fully occupied four-unit property situated in the prime location of Hessville! All units have 1 bedroom and 1 bathroom which were remodeled in 2021. Additionally, Tuckpointing was done in 2021. Property currently sits at a 5.8% cap rate and projects to a 8%+ cap after rent stabilization. Tenants are responsible for electric and heat. Don't miss out on this great opportunity!
  1. Listed by Xever Lemieux • Ellsbury Commercial Group LLC
    P: (219) 384-7994 C: (219) 384-7994 Xever@ellsburygroup.com
  2. Listed by Tariq Suboh • Ellsbury Commercial Group LLC
    P: (219) 805-5200 C: (219) 805-5200 Tariq@EllsburyGroup.com

Property Details for 2650 164th Place

Zoning
Residential
Subdivision
Turner Meyn Park Add 02

Location

Listing Courtesy of Ellsbury Commercial Group LLC

Sold By Favela Real Estate, LLC

Add your commute
LISTING UPDATED: 05/15/2024 06:00 PM

Property Details for 2650 164th Place

StatusClosed
MLS #802875
Days on Market6
Taxes$8,512 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1928
Lot Size0.13 AC / 5,837 SF
CountyLake County

Location

Listing Courtesy of Ellsbury Commercial Group LLC

Sold By Favela Real Estate, LLC

Add your commute

Building Information for 2650 164th Place

Stories-Residences4Year Built1928Building Size-Lot Size0.13 AC / 5,837 SF

Payment Calculator

$2,729 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,019

Property Taxes

$709

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2650 164th Place

Summary
Location and General Information
  • City/Town: Hammond
  • State: IN
  • Township: North
  • ZIP: 46323
  • Latitude: 41.60
  • Longitude: -87.46
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $8,512.00
  • APN/Key #: 45-07-04-383-010.000-023
  • Tax Year: 2023
  • Tax Legal Description: TURNER MEYN. PARK 2ND ADD. ALL LOT 29 & E. 12FT LOT 28 BLOCK 2
Parking
  • Garage Description: Off Street, On Street
Property
Lot Information
  • Lot Square Footage: 5,837.04
  • Square Footage Source: Assessor
  • Acres: .13
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Year Built: 1928
  • Lot Description: City Lot, Corner Lot
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Rain Gutters
  • Levels: Three Or More
Interior Features
  • Appliances: Built-In Gas Oven, Built-In Refrigerator, Built-In Gas Range
  • Basement Type: Concrete
  • Basement: Yes
  • Total Full Baths: 4
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 4
  • Bedrooms: 4
  • Basement Sq Ft: 0.0
  • Cooling: Central Air
  • Flooring: Hardwood, Tile, Luxury Vinyl
  • Heat Type: Central
  • Interior Features: See Remarks
  • Total # of Rooms: 16
Multi Family
Multi-Family Information
  • # of Units: 4
Rental
Rental Information
  • TenantPays: Electricity, Hot Water, Gas

Property History for 2650 164th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2650 164th Place

Taxable ValueLand$20,300Additions$268,800Total$289,100
Tax Record2022$7,088 ($591 / month)
Home Facts
Total Finished SqFt3,840 SqFtAbove Grade Finished SqFt3,840 SqFtStories3Lot Size5,837 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyLAKEAPN45-07-04-383-010.000-023

Schools near 2650 164th Place

This home is within School City Of Hammond.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Morton Elementary School
PublicPK to 5

Charles N Scott Middle School
Public6 to 8

Morton Senior High School
Public9 to 12

Donald E Gavit Mdl/High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ellsbury Commercial Group LLC

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association, Northwest Indiana REALTORS® AssociationSoutheastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.