6237-6262 Hohman Avenue

Hammond, IN 46324

$799,900
Price
Beds
8,281 Sq. Ft.
$97 / Sq. Ft.
8,281
Sq. Ft.
$97
per Sq. Ft.

Description

Remarkable investment opportunity in Historic Hammond with 9.5%+ CAP potential for savvy new operator! Well maintained 7-unit property (with 3 attached garages with 5 spaces, currently not being used/leased, and a coin operated laundry room) consisting of a mix of (1) studio unit, (4) one bedroom units, (1) two bedroom unit & (1) three bedroom unit, all with 1/2 bathrooms. Many recent updates including rubber roof, brand new boiler with transferable warranty, some cosmetic updates in larger units....Remarkable investment opportunity in Historic Hammond with 9.5%+ CAP potential for savvy new operator! Well maintained 7-unit property (with 3 attached garages with 5 spaces, currently not being used/leased, and a coin operated laundry room) consisting of a mix of (1) studio unit, (4) one bedroom units, (1) two bedroom unit & (1) three bedroom unit, all with 1/2 bathrooms. Many recent updates including rubber roof, brand new boiler with transferable warranty, some cosmetic updates in larger units. Located near the incoming South Shore Train Extension and just north of Downtown Hammond on main thoroughfare with easy access to Chicago's bustling business district. Some units metered separately. Currently fully leased with stable tenants, but most leases have been switched to month to month or are expiring soon for the convenience of the new owner! Call to schedule your showing today.
  1. Listed by Robert Medinger • Keller Williams Preferred Real
    P: (773) 543-8502 C: (773) 543-8502 robjmedinger@gmail.com

Property Details for 6237-6262 Hohman Avenue

Zoning
Commercial
Subdivision
Wheelers Add

Location

Listing Courtesy of Keller Williams Preferred Real
Add your commute
LISTING UPDATED: 03/24/2024 06:01 PM

Property Details for 6237-6262 Hohman Avenue

StatusActive
MLS #801236
Days on Market43
Taxes$3,103 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1950
Lot Size0.24 AC / 10,497 SF
CountyLake County

Location

Listing Courtesy of Keller Williams Preferred Real
Add your commute

Building Information for 6237-6262 Hohman Avenue

Stories2Residences7Year Built1950Building Size-Lot Size0.24 AC / 10,497 SF

Payment Calculator

$4,624 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,365

Property Taxes

$259

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6237-6262 Hohman Avenue

Summary
Location and General Information
  • Directions: Head North on Hohman Ave coming from I-94 Expressway to 6237 (property address is 6237, but house in front shows 6239)
  • City/Town: Hammond
  • State: IN
  • Township: North
  • ZIP: 46324
  • Zip Plus 4: 1055
  • Latitude: 41.60
  • Longitude: -87.52
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $3,102.84
  • APN/Key #: 45-06-01-332-002.000-023
  • Tax Year: 2022
  • Tax Legal Description: WHEELER'S ADD. S 20 FT OF LOT 4 & ALL LOTS 5 & 6
Parking
  • Garage Description: Additional Parking, Alley Access, Concrete, Garage Faces Front, Heated Garage, On Site, Oversized, Storage, Workshop in Garage
Property
Lot Information
  • Lot Square Footage: 10,497.96
  • Lot Dimensions: 68x157
  • Square Footage: 8281.0
  • Acres: .24
Property and Assessments
  • Property Type: Commercial Sale
  • Property Subtype 1: Multi Family
  • Year Built: 1950
  • Road Access: Alley, City Street
  • Potential Use: Automotive, Industrial, Investment, Mini-Storage, Mixed Use, Multi-Family, Office, Other, Retail, See Remarks
  • Current Use: Multi-Family
Utilities
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: 200+ Amp Service
Interior and Exterior Features
Exterior Features
  • Exterior Features: Courtyard
  • Construction Materials: Block, Concrete
  • Foundation Details: Block, Combination
Interior Features
  • Basement Type: Apartment, Block, Concrete
  • Basement: Yes
  • Cooling: Wall/Window Unit(s)
  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Heat Type: Baseboard, Hot Water, Separate Meters
  • Roof: Fiberglass, Rubber
  • Stories: 2
Multi Family
Multi-Family Information
  • # of Units: 7
Rental
Rental Information
  • TenantPays: Electricity, Gas

Property History for 6237-6262 Hohman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 6237-6262 Hohman Avenue

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
Kenwood 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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6237-6262 Hohman Avenue is a multi-family home for sale in Hammond, IN 46324. This property was listed for sale on March 21, 2024 by Keller Williams Preferred Real, it's currently listed at $799,900. It has been on the market for a total of 43 days and was last sold on March 24, 2022. This listing's school district is School City Of Hammond. Nearby schools include Kenwood Elementary School, Henry W Eggers Elem/Md School and Hammond High School. 6237-6262 Hohman Avenue is a 0-bed, 0-bath, 8,281 sqft multi-family home built in 1950.

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 Keller Williams Preferred Real

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.