4735 Hohman Ave, Hammond, IN 46327
5 Unit Apartment Building | $529,000 ($105,800/Unit) | 5.90% Cap Rate | Hammond, IN 46327
Asking Price $529,000
- Property Type
-
Multifamily
- Square Feet
- 2,800 SF
Listing Contacts
- Property Info
Property Overview
Latitude Commercial is pleased to present for sale 4735 Hohman Avenue in Hammond, Indiana. The subject property is a 5-unit building consisting of one bedroom one bath apartments. Every unit is currently leased and stable. Tenants pay their own gas and electric services. The property was recently renovated with a new roof, windows, mechanicals, plumbing, electric, appliances, and parking lot. The property is located near the incoming South Shore Train Extension and just north of Downtown Hammond.
Multifamily property for sale on Hohman Street in Hammond, IN. Located immediately north of Downtown Hammond on a main thoroughfare. Hammond is a city in Lake County, Indiana. It is part of the Chicago metropolitan area, and the only city in Indiana to border Chicago. The 2020 population was 77,879. From north to south, Hammond runs from Lake Michigan down to the Little Calumet River; from east to west along its southern border, it runs from the Illinois state line to Cline Avenue. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. Notable local landmarks include the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino. Hammond is also home to a Purdue University campus and numerous historic districts that showcase the residential and commercial architecture of the early 20th century.
Multifamily property for sale on Hohman Street in Hammond, IN. Located immediately north of Downtown Hammond on a main thoroughfare. Hammond is a city in Lake County, Indiana. It is part of the Chicago metropolitan area, and the only city in Indiana to border Chicago. The 2020 population was 77,879. From north to south, Hammond runs from Lake Michigan down to the Little Calumet River; from east to west along its southern border, it runs from the Illinois state line to Cline Avenue. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. Notable local landmarks include the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino. Hammond is also home to a Purdue University campus and numerous historic districts that showcase the residential and commercial architecture of the early 20th century.
Property Details
- Class
- C
- Year Built
- 1992
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 5
Highlights
- Multifamily apartments for sale
- Five one bedroom one bath units
- Recently renovated with a new roof, windows, mechanicals, plumbing, electrical, appliances, parking lot
- Fully leased with stable tenants
- Private parking lot
- Located directly north of Downtown Hammond
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