Sold
Last Sold Price
1150 Indiana Ave, Griffith, IN 46319
Multi FamilyProperty Type
7,710 sq ftLot Size
1968Year Built

Description

Fantastic move-in ready 4 unit investment property in griffith! This well-maintained 4-unit building offers steady income, low maintenance, and a prime location, featuring (3) two-bedroom/one-bath apartments and (1) one-bedroom/one-bath apartment. All units are fully occupied with long-term tenants on active leases for reliable cash flow. Recent renovations include complete gut rehabs of Units 3 & 4 in 2024 with new kitchens featuring quartz countertops, custom cabinetry, appliances, windows, updated...Fantastic move-in ready 4 unit investment property in griffith! This well-maintained 4-unit building offers steady income, low maintenance, and a prime location, featuring (3) two-bedroom/one-bath apartments and (1) one-bedroom/one-bath apartment. All units are fully occupied with long-term tenants on active leases for reliable cash flow. Recent renovations include complete gut rehabs of Units 3 & 4 in 2024 with new kitchens featuring quartz countertops, custom cabinetry, appliances, windows, updated bathrooms, carpet, and in-unit A/C, along with exterior improvements such as new windows, professional landscaping, daylight security lighting, and a fully lit parking lot. Building and mechanical updates include a serviced boiler, new water heater (2025), new commercial washer and dryer, upgraded electrical panels for renovated units, and a roof replaced approximately 10 years ago. This property is a fantastic opportunity for investors seeking strong returns and long-term stability. Commercial washer ad dryer located in basement, provides additional cash flow. Low maintenance and upside to rent increases!
  • Listed by: Carla Gorman 708.217.1185 carla.gorman@bairdwarner.com • Baird & Warner Res. Sales Inc.
Listing closed: 09/30/2025 12:00 AM • Source: Northwest Indiana REALTORS® Association as distributed by MLS GRID, MLS#: 826503

Location

Listing Courtesy of Baird & Warner Res. Sales Inc.

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Property Information for 1150 Indiana Avenue

Property Details
  • Taxes: $5,057 / year
  • MLS Type: Residential Income / Quadruplex
  • County: Lake County
  • Subdivision: Brinwood Add
  • Pets Allowed: No
  • OriginalListPrice: $549,000.00
  • StartShowingDate: 08-25-2025
  • NRA_ExemptionYN: No
  • SpecialListingConditions: Agent Owned
  • NRA_AuctionYN: No
  • TaxAssessedValue: $217,100.00
  • NRA_EarnestMoneyDeposit: $5,000.00
Building Information
  • Residences: 4
  • Year Built: 1968
  • Lot Size: 0.18 AC / 7,710 SF
Summary
Location and General Information
  • Directions: 45th to Broad, North to Brinwood, East to Indiana
  • City/Town: Griffith
  • State: IN
  • Township: North
  • ZIP: 46319
  • Latitude: 41.55
  • Longitude: -87.42
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $5,057.00
  • APN/Key #: 450726331007000006
  • Tax Year: 2023
  • Tax Legal Description: BRINWOOD ADD. S. 56FT. LOT 27 & N.2FT OF LOT 26
School Information
  • School District: Griffith
Parking
  • Garage Description: Asphalt, Paved
Property
Lot Information
  • Lot Square Footage: 7,710.00
  • Acres: .18
  • LotSizeSource: Appraiser
  • WaterfrontYN: No
  • AboveGradeFinishedArea: 3950.0
  • ParkingTotal: 4
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Year Built: 1968
  • Lot Description: Cul-De-Sac, Paved, Landscaped
  • AdditionalParcelsYN: No
  • NewConstructionYN: No
  • GarageYN: No
  • AssociationYN: No
Utilities
  • Utilities: Cable Available, Sewer Connected, Water Connected, Electricity Connected
  • Sewer: Public Sewer
  • WaterSource: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Lighting
  • Levels: Quad-Level
  • PoolFeatures: None
Interior Features
  • Appliances: Dryer, Washer, Refrigerator, Gas Water Heater, Electric Range
  • Basement Type: Other
  • Basement: No
  • Cooling: Individual Units
  • Flooring: Carpet, Vinyl, Tile
  • Heat Type: Baseboard
  • Interior Features: Open Floorplan, Stone Counters
  • Roof: Shingle
  • FireplaceYN: No
  • LaundryFeatures: Laundry Room
  • SecurityFeatures: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
Multi Family
Multi-Family Information
  • # of Units: 4
Rental
Rental Information
  • TenantPays: Electricity, Gas
  • LeaseConsideredYN: No
  • OwnerPays: Hot Water, Water, Trash Collection

Property History for 1150 Indiana Avenue

DateEvent & SourcePriceAppreciation
Sep 30, 2025

Sold

Northwest Indiana REALTORS® Association #826503

$538,000
Sep 30, 2025

Pending

Northwest Indiana REALTORS® Association #826503

Sep 30, 2025

In Contract

Northwest Indiana REALTORS® Association #826503

DateEvent & SourcePrice
09/30/2025

Sold

Northwest Indiana REALTORS® Association #826503

$538,000
09/30/2025

Pending

Northwest Indiana REALTORS® Association #826503

09/30/2025

In Contract

Northwest Indiana REALTORS® Association #826503

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

Schools near 1150 Indiana Avenue

This home is within Griffith Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 12
Public - PK to 5
Private - PK to 12
Rating
School
Distance
Elsie Wadsworth Elementary School
PublicPK to 2

Griffith Senior High School
Public6 to 12

Beiriger Elementary School
PublicPK to 5

Bible Baptist School
PrivatePK 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.

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Listing Courtesy of Baird & Warner Res. Sales Inc.

Based on information submitted to the MLS GRID as of 09/30/2025 03:44 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.