5969 Park Pl - Apartments FOR SALE


Hammond, IN 46320
$319,000 USD
630-418-3093
5969 Park Pl, Hammond, IN for Sale
$319,000 USD
Apartments - FOR SALE
1/23
null | 7.44% Cap Rate

5969 Park Pl
Hammond, IN 46320


HIGHLIGHTS

  • Well-maintained four-unit multifamily property featuring one two-bedroom/one-bath unit and three one-bedroom/one-bath units.
  • Approximately 3,560 square feet of building area with efficient, easy-to-manage operations.
  • Tenants pay their own gas and electric utilities; ownership covers water, sewer, and trash.
  • Individual heating systems and functional layouts in each unit support tenant comfort and long-term occupancy.
  • Convenient Lake County location with quick access to major highways, just 20 miles from Downtown Chicago.
  • Strong in-place income with upside potential through rent growth; current cap rate of 7.44% and proforma cap rate of 9.72%.

OVERVIEW

Presenting a well-maintained four-unit multifamily property situated on a quiet residential street in Hammond. This property offers a balanced unit mix with one 2-bedroom/1-bath unit and three 1-bedroom/1-bath units, delivering strong rental demand and versatility for both investors and owner-occupants. The building encompasses 3,560 square feet and is designed for easy management. Tenants are responsible for their own gas and electric, while the owner covers water, sewer, and trash services. Each unit features a practical layout and individual heating systems, enhancing tenant comfort and supporting long-term occupancy. Located in Lake County, the property benefits from excellent connectivity with quick access to major highways, making it an appealing option for commuters. With consistent income already in place and potential for future growth, this asset represents an outstanding opportunity for investors seeking dependable cash flow or for an owner-occupant looking to live on-site while generating rental income.

FOR SALE DETAILS

PRICE

$319,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

5

PRICE/UNIT

$63,800

CAP RATE

7.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5969 Park Pl, Hammond, IN 46320 4 units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,503 SF

ZONING

-

APN/PARCEL ID

45-06-01-178-011.000-023

ASK ABOUT THIS PROPERTY

Andy PageEllsbury Commercial GroupMore Info
630-418-3093

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Andy PageEllsbury Commercial GroupMore Info
630-418-3093

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