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5969 Park Pl
Hammond, IN 46320

$319,000 USD

Apartments For Sale • 3,560 SF

Property Details

Property Type Apartments
Total Building Size 3,560 SF
Lot Size 0.1 AC
Building Class C
Year Built 1915
Cap Rate 7.44 %

10 Transit Score

50 Walk Score

                
                    Highlights
                
                                Well-maintained four-unit multifamily property featuring one two-bedroom/one-bath unit and three one-bedroom/one-bath units.
                            
                                Approximately 3,560 square feet of building area with efficient, easy-to-manage operations.
                            
                                Tenants pay their own gas and electric utilities; ownership covers water, sewer, and trash.
                            
                                Individual heating systems and functional layouts in each unit support tenant comfort and long-term occupancy.
                            
                                Convenient Lake County location with quick access to major highways, just 20 miles from Downtown Chicago.
                            
                                Strong in-place income with upside potential through rent growth; current cap rate of 7.44% and proforma cap rate of 9.72%.

Property Flyers

5969 Park Pl, Hammond, IN-compressed

Financial Summary (Actual)

Net Operating Income: $24,138 USD (2024)

Cap Rate:	7.44 %
Total Expenses:	$19,362 USD

Amenities

24 Hour Access
Air Conditioning
Microwave
Tenant Controlled HVAC
Heating
Trash Pickup - Curbside
Vintage Building
Ceiling Fans
Range
Carpet
Yard
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hegewisch Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	9 min	-	4.0 mi
East Chicago Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	11 min	-	6.8 mi
Airport	Drive	Walk	Distance
Chicago Midway International	40 min	-	22.7 mi
Chicago O'Hare International	83 min	-	44.7 mi

Andy Page 630-418-3093 Ellsbury Commercial Group

5969 Park Pl Hammond, IN 46320