1923 Clark St - Apartments FOR SALE


Whiting, IN 46394
$2,000,000 USD
312-361-1647
1923 Clark St, Whiting, IN for Sale
$2,000,000 USD
Apartments - FOR SALE
1/10
null | 6.04% Cap Rate

1923 Clark St
Whiting, IN 46394


HIGHLIGHTS

  • Desirable Commuter Location
  • Urban-Infill Residential Neighborhood
  • Proximity to Area Amenities
  • Value-Add Potential
  • Stable Employment Market
  • Large Student Population

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1923 Clark Street in Whiting, Indiana (the “Property”). The Property contains a total of nineteen (19) units comprised of thirteen (13) 1-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom unit, and five (5) Studio units with 16,000 square feet of living area in 19,000 square feet total gross area on a 0.15-acre corner parcel of land. The Property is located along Clark Street and is seconds from Calumet Avenue (US Highway 41) and Indianapolis Boulevard (US Highway 20) on the north end of a densely populated residential neighborhood. The Property enjoys convenient access to the area’s major highway (Interstate 90 and US Highways 41 and 20) and enjoys close proximity to the Hammond- Whiting Station for quick, direct access to Chicago and the surrounding areas. 1923 Clark Street also provides access to large areas of employment and several national retailers including Walmart Supercenter and Strack & Van Til (the area’s primary grocery stores).

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

19

PRICE/UNIT

$105,263

CAP RATE

6.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1923 Clark St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

45-03-07-259-009.000-025

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.