1010 Hoffman Street

Hammond, IN 46327

$214,900
Price
7
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Calling all investors and house hackers! This prime investment opportunity presents a 3-unit building brimming with potential. Strategically positioned near highways, schools, parks, and the IN/IL border, this property offers convenience and accessibility. The main level unit features 3 bedrooms and 2 baths, while the two top units offer 2 bedrooms and 1 bath each, along with generously sized living rooms. Tenants are responsible for gas and electric utilities. With estimated rents ranging from $1200...Calling all investors and house hackers! This prime investment opportunity presents a 3-unit building brimming with potential. Strategically positioned near highways, schools, parks, and the IN/IL border, this property offers convenience and accessibility. The main level unit features 3 bedrooms and 2 baths, while the two top units offer 2 bedrooms and 1 bath each, along with generously sized living rooms. Tenants are responsible for gas and electric utilities. With estimated rents ranging from $1200 to $1500 per month for the 3-bedroom unit and $1000 to $1200 per month for each 2-bedroom unit, the potential for robust rental income is evident. Estimated CAP rate falls between 15-20%, underscoring the lucrative nature of this income-producing investment property. Don't miss out on this exceptional opportunity to expand your portfolio or embark on your house hacking journey. Schedule your showing today and seize the chance to capitalize on this lucrative investment venture!
  1. Listed by Jeff McCormick • McCormick Real Estate, Inc.
    P: (219) 613-5643 C: (219) 613-5643 Jeff@MccormickRealestate.net
  2. Listed by Hector Calderon
    P: (805) 878-6547 C: (805) 878-6547 Hector@mccormickrealestate.net

Property Details for 1010 Hoffman Street

Zoning
Residential
Subdivision
Stafford & Trankles Add

Location

Listing Courtesy of McCormick Real Estate, Inc.
Add your commute
LISTING UPDATED: 04/26/2024 05:17 PM

Property Details for 1010 Hoffman Street

StatusPending
MLS #801700
Days on Market27
Taxes$2,680 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1920
Lot Size0.07 AC / 3,136 SF
CountyLake County

Location

Listing Courtesy of McCormick Real Estate, Inc.
Add your commute

Building Information for 1010 Hoffman Street

Stories-Residences3Year Built1920Building Size-Lot Size0.07 AC / 3,136 SF

Payment Calculator

$1,396 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,173

Property Taxes

$223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1010 Hoffman Street

Summary
Location and General Information
  • Directions: West on 94/80 to Munster and Hammond, exit 1C onto Hwy 41 North, in 3.7 miles right onto Hoffman St, Property on the right.
  • City/Town: Hammond
  • State: IN
  • Township: North
  • ZIP: 46327
  • Zip Plus 4: 1871
  • Latitude: 41.63
  • Longitude: -87.50
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $2,680.00
  • APN/Key #: 45-03-30-381-004.000-023
  • Tax Year: 2022
  • Tax Legal Description: STAFFORD & TRANKLES ADD. ALL L.8 BL.1
School Information
  • School District: Hammond
Parking
  • Garage Description: Off Street, Other, Paved
  • Carport - # of Cars: 0
Property
Lot Information
  • Lot Measurement: Square Feet
  • Lot Square Footage: 3,136.32
  • Lot Dimensions: 25x125
  • Square Footage Source: Assessor
  • Acres: .07
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Triplex
  • Year Built: 1920
  • Lot Description: Back Yard, Near Public Transit
  • Road Access: City Street
Utilities
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Circuit Breakers
Interior and Exterior Features
Exterior Features
  • Exterior Features: Awning(s), Private Yard, Rain Gutters, Storage
  • Out Buildings: None
  • Foundation Details: Slab
  • Levels: Multi/Split, Two
Interior Features
  • Appliances: Refrigerator
  • Basement Type: Dirt Floor, Storage Space, Unfinished, Walk-Up Access
  • Basement: No
  • Total Full Baths: 4
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 4
  • Bedrooms: 7
  • Basement Sq Ft: 0.0
  • Cooling: Wall Unit(s), Wall/Window Unit(s)
  • Flooring: Laminate, Linoleum, Vinyl
  • Equipment: None
  • Heat Type: Central, Natural Gas
  • Interior Features: Open Floorplan, Primary Downstairs
  • Roof: Shingle
  • Total # of Rooms: 18
Multi Family
Multi-Family Information
  • # of Units: 3
Rental
Rental Information
  • TenantPays: Electricity, Gas

Property History for 1010 Hoffman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1010 Hoffman Street

Taxable ValueLand$12,400Additions$87,300Total$99,700
Tax Record2022$2,642 ($220 / month)
Home Facts
Total Finished SqFt4,260 SqFtAbove Grade Finished SqFt4,260 SqFtStories3Lot Size3,136 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyLAKEAPN45-03-30-381-004.000-023

Schools near 1010 Hoffman Street

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 - 9 to 12
Rating
School
Distance
Washington Irving Elementary School
PublicPK to 5

Henry W Eggers Elem/Md School
Public6 to 8

Hammond High School
Public9 to 12

Area Career Center
Public9 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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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 McCormick Real Estate, Inc.

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.