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USAINHammond7050 Idaho Avenue
Listing image | Image 1

7050 Idaho Avenue, Hammond, IN

House

For Sale

Listed price in listed location currency (USD).
$650,000

006

MLS® 842304

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 5220 sqft
Garage 
Taxes $8,211
Days Active 1
Lot Size 0.1745 Acres
Approx. Age 1978
Avg. Price Per Sqft $124
MLS® Number 842304

Property Address: 7050 Idaho Avenue, Hammond, IN, 46323

Average square foot calculated using Size range provided by listing agent.

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. Other addresses: 7027 Parrish Ave, 7105 Parrish Ave, 7100 Idaho Ave. All are in Hammond on the same block.
MLS® Number842304
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1978
Basement
Driveway
Garage Spaces
HeatBaseboard, Other
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 15, 2026List Date
$650,000List Price
  • Commute

Commute

Starting Address
Destination Address
7050 Idaho Avenue, Hammond, IN

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