7027 Monroe Ave

1,280 Sq. Ft.
$128 / Sq. Ft.
1,280
Sq. Ft.
$128
per Sq. Ft.

Description

Opportunity knocks: Four bedroom fixer-upper with great potential in Hammond, Indiana. Four bedrooms, one bath, 5208 ft. lot built in 1942. Near I 80/9430 minutes to downtown Chicago. Welcome to a spacious four bedroom, one bath, single-family home, offering charm, solid bones, and incredible opportunity for customization. Whether your first time buyer, investor, or looking for a home to make your own, this property has a potential to shine with just a bit of vision and TLC. Fixer upper with recent...Opportunity knocks: Four bedroom fixer-upper with great potential in Hammond, Indiana. Four bedrooms, one bath, 5208 ft. lot built in 1942. Near I 80/9430 minutes to downtown Chicago. Welcome to a spacious four bedroom, one bath, single-family home, offering charm, solid bones, and incredible opportunity for customization. Whether your first time buyer, investor, or looking for a home to make your own, this property has a potential to shine with just a bit of vision and TLC. Fixer upper with recent updates this home feature some recent improvements, and is The perfect canvas for your next renovation project. The layout includes a main level bedroom and bathroom, unfinished basement with room to expand in a large upstairs area with two additional bedrooms. Prime location with growing value just 4 miles from the new South Shore line-Hammond Gateway station. Quick access to I 8094 for an easy 30 minute commute to Chicago. Close to shops, schools, and public transportation. Program eligibility adds major value. Homebound program eligible down payment assistance for qualified buyers. College-bound program eligible offers tuition assistance for residents with children pursuing college. Highlights spacious 5208 ft. lot. Solid 1940s construction with character. Main floor bedroom and bath for added convenience. Unfinished basement great for storage or additional living space. Potential for sweat equity or investment return. This is your chance to own a home in a rapidly developing area of Hammond, with city programs that make it even more affordable. Schedule a tour today and explore the possibilities!
  1. Listed by Daniel Spitale • McColly Real Estate
    P: (219)-614-2454 C: (219)-614-2454 dspitale@mccolly.com

Property Details for 7027 Monroe Avenue

Subdivision
George Zachau Park Add
LISTING UPDATED: 01/16/2026 09:32 AM

Property Details for 7027 Monroe Avenue

StatusClosed
MLS #826448
Days on Market145
Taxes$3,762 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1942
Lot Size0.12 AC / 5,208 SF
CountyLake County

Location

Listing Courtesy of McColly Real Estate

Sold By McColly Real Estate

Add your commute

Building Information for 7027 Monroe Avenue

Stories-Year Built1942Building Size-Lot Size0.12 AC / 5,208 SF

Payment Calculator

$1,110 per month

30 year fixed, 6.15% Interest

Principal and Interest

$797

Property Taxes

$314

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7027 Monroe Avenue

Summary
Location and General Information
  • Directions: From Rt 41 turn left on 171st (head west), turn right on Monroe. Home will be on the right.
  • City/Town: Hammond
  • State: IN
  • Township: North
  • ZIP: 46324
  • Latitude: 41.59
  • Longitude: -87.51
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $3,762.00
  • APN/Key #: 450612429008000023
  • Tax Year: 2023
  • Tax Legal Description: GEORGE ZACHAU PARK ADD. L.8 BL.1
Parking
  • Garage Description: Alley Access, Driveway
Property
Lot Information
  • Lot Square Footage: 5,208.00
  • Square Footage: 1280.0
  • Acres: .12
Property and Assessments
  • Property Type: Residential
  • Property Subtype 1: Single Family Residence
  • Year Built: 1942
  • Lot Description: Back Yard, Front Yard
Interior and Exterior Features
Exterior Features
  • Exterior Features: Private Yard
  • Levels: One and One Half
Interior Features
  • Appliances: Dryer, Washer, Stainless Steel Appliance(s), Range Hood, Refrigerator, Microwave, Gas Range, Freezer, Dishwasher
  • Basement Type: Full, Unfinished
  • Basement: Yes
  • Total Full Baths: 1
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 1
  • Bedrooms: 4
  • Basement Sq Ft: 0.0
  • Cooling: Central Air, Ceiling Fan(s)
  • Heat Type: Central
  • Interior Features: None
  • Total # of Rooms: 6
Room 1
  • Room Dimensions: 16.0 x 10.0
  • Room Type: Living Room
Room 2
  • Room Dimensions: 14.0 x 10.0
  • Room Type: Kitchen
Room 3
  • Room Dimensions: 16.0 x 10.0
  • Room Type: Primary Bedroom
Room 4
  • Room Dimensions: 15.0 x 8.0
  • Room Type: Bedroom 2
Room 5
  • Room Dimensions: 11.0 x 9.0
  • Room Type: Bedroom 3
Room 6
  • Room Dimensions: 10.0 x 10.0
  • Room Type: Bedroom 4

Property History for 7027 Monroe Avenue

DateEvent & SourcePriceAppreciation
Jan 16, 2026

Sold

Northwest Indiana REALTORS® Association #826448

$163,500
Jan 13, 2026

Pending

Northwest Indiana REALTORS® Association #826448

Jan 13, 2026

In Contract

Northwest Indiana REALTORS® Association #826448

Oct 24, 2025

Price Change

Northwest Indiana REALTORS® Association #826448

$170,000
Oct 21, 2025

Price Change

Northwest Indiana REALTORS® Association #826448

$175,000
Sep 17, 2025

Price Change

Northwest Indiana REALTORS® Association #826448

$180,000
Aug 21, 2025

Listed (Active)

Northwest Indiana REALTORS® Association #826448

$195,000
DateEvent & SourcePrice
01/16/2026

Sold

Northwest Indiana REALTORS® Association #826448

$163,500
01/13/2026

Pending

Northwest Indiana REALTORS® Association #826448

01/13/2026

In Contract

Northwest Indiana REALTORS® Association #826448

10/24/2025

Price Change

Northwest Indiana REALTORS® Association #826448

$170,000
10/21/2025

Price Change

Northwest Indiana REALTORS® Association #826448

$175,000
09/17/2025

Price Change

Northwest Indiana REALTORS® Association #826448

$180,000
08/21/2025

Listed (Active)

Northwest Indiana REALTORS® Association #826448

$195,000

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

Public Records for 7027 Monroe Avenue

Taxable ValueLand$27,900Additions$126,100Total$154,000
Tax Record2024$4,112 ($343 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,608 SqFtAbove Grade Finished SqFt1,608 SqFtStories1Lot Size5,208 SqFtStyleSingle Family ResidenceYear Built1942Year Renovated1980CountyLAKEAPN45-06-12-429-008.000-023

Schools near 7027 Monroe Avenue

This home is within School City Of Hammond.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Thomas A Edison Elementary School
PublicPK to 6

Henry W Eggers Elementary/Middle School
Public7 to 8

Hammond 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.

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Listing Courtesy of McColly Real Estate

Based on information submitted to the MLS GRID as of 01/16/2026 09:32 AM. 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.