Discover an excellent investment or owner-occupant opportunity at 6860 Delaware St in Merrillville, IN—a well-maintained 4-unit property featuring one spacious 3-bed/1.5-bath unit and three 1-bed/1-bath units. Situated on a sizeable 0.48-acre lot with 4,159 sq ft of building space, this asset offers stable income, strong tenant history, and efficient utility management, with tenants paying their own gas and electric while the owner covers water, sewer, and trash. With comfortable layouts, individual heating systems, and a convenient location in Lake County, this property is ideal for an investor seeking cash flow or an owner-occupant looking to live on-site while generating rental income. Based on the property's financials, 6860 Delaware St demonstrates strong cash-flow potential with gross annual rents of $56,170, supplemented by $696 in laundry income, bringing total scheduled income to $54,620 after a standard 4% vacancy adjustment. Operating expenses total $24,490, which include essential owner-paid utilities such as water, sewer, and trash, along with lawn/snow care, maintenance, and management. After expenses, the property produces a solid pro forma NOI of $34,760, reflecting an attractive 7.74% cap rate at the asking price. This performance, combined with tenant-paid gas and electric, positions the asset as a reliable, income-generating investment with strong operational efficiency and minimal exposure to utility cost fluctuations.