Idaho Ave 20 Unit Portfolio South Hammond
Multifamily | 20 Units | $130,000/unit
Marketing description
This offering presents a rare opportunity to acquire a portfolio of four well-maintained five-unit apartment buildings located in the South Hammond, Indiana submarket.
The properties may be purchased individually or as a portfolio, providing flexibility for investors seeking either a single asset or the opportunity to quickly expand their multifamily holdings. Each building consists of one spacious three-bedroom, two-bath apartment and four oversized one-bedroom, one-bath apartments.
The larger unit mix provides a unique appeal to a broad tenant base while offering above market rental income. Across the portfolio's 20 total units, 15 have been recently renovated with modern interior finishes, significantly reducing near-term capital expenditures.
Situated just minutes from major highways, employment centers, shopping, and the Illinois state line, the portfolio benefits from South Hammond's convenient location and consistent rental demand. The area's affordability compared to neighboring Chicago communities continues to attract both residents and investors, making these properties an attractive long-term investment.
Whether acquired individually or as a package, this portfolio offers investors the opportunity to purchase well-located multifamily assets with a combination of in-place cash flow, recent capital improvements, and additional upside through the renovation of the remaining units and continued rent optimization.
Investment highlights
- Prime Location: Just 20 miles from Downtown Chicago with direct access to major highways.
- Diverse Economy: Anchored by industry, education, healthcare, and entertainment sectors.
- High Investor Demand: Business-friendly environment with low taxes and strong regional growth.
- Ongoing Revitalization: Major public investment in infrastructure, transit, and downtown redevelopment.
- Visitor Attractions: Casino, lakefront, and cultural venues drive consistent tourism.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
































