Excellent investment opportunity in Merrillville! 4-unit multifamily property features four approximately 680 sq. ft., 1 bed / 1bath units, with individual mechanicals including central air (tenants pay electric, gas) and in-unit laundry hookups. Current rents below market: two units at 880/month, one vacant unit previously rented for 925/month (new tenant lined up), and one long-term tenant paying 700/month. Newer items include gutter system, replacement of sewer pipe and installation of cleanout in front yard, HVAC in Unit 3. Great upside and location.
| MLS # | 12701659 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1966 |
| Days On Site | 57 |
| Listing Provided By | A.R.E. Partners Inc. | Antje Gehrken |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| Rooms Total | 12 |
|---|---|
| Heating | Natural Gas |
| Construction Materials | Brick |
|---|
| Parking Features | Yes |
|---|
| Sewer | Public Sewer |
|---|
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 7325 |
| State | IN |
|---|---|
| County | Lake |
| City | Merrillville |
| Zip Code | 46410 |
| Area | Indiana Merrillville |
| Listing VS Median (in 46410) | |
Price: $399,900 low | high Med: $380,000 On site: 57 low | high Med: 30 | |
| State | IN |
|---|---|
| County | Lake |
| City | Merrillville |
| Zip Code | 46410 |
| Area | Indiana Merrillville |
| Listing VS Median (in 46410) | |
Price: $399,900 low | high Med: $380,000 On site: 57 low | high Med: 30 | |