7105 Parrish Avenue, Hammond, IN

Name: 7105 Parrish Avenue, For Sale in Hammond - Zoocasa
Brand: Ellsbury Group
SKU: 842305
Price: 650000 USD

House

For Sale

Listed price in listed location currency (USD).

$650,000

006

MLS® 842305

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size 5220 sqft

Garage

Taxes $10,066

Days Active 1

Lot Size 0.1739 Acres

Approx. Age 1978

Avg. Price Per Sqft $124

MLS® Number 842305

Property Address: 7105 Parrish 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: 7050 Idaho Ave, 7027 Parrish Ave, 7100 Idaho Ave. All are in Hammond on the same block.

MLS® Number842305

Laundry LevelLower

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1978

Basement

Driveway

Garage Spaces

HeatBaseboard, Other

A/C

Extras

Map

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