6231 Madison AveHammond, IN 46324

For Sale
$199,900
Property records and analytics
Charming 2-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
126
This well-maintained, two-unit apartment building presents a fantastic investment opportunity in Hammond, Indiana. Situated on a 4,865.65 square foot lot at 6231 Madison Avenue, this 1,820 square foot property boasts a desirable location close to schools, parks, and shopping conveniences. Built in 1922, the building features two stories and comprises one building. Each unit offers its own private entrance, enhancing resident privacy. Unit one includes three bedrooms and one bathroom, while unit two provides two bedrooms and one bathroom. Both units benefit from a shared, newly constructed back deck. Currently operating at 100% occupancy, this property offers immediate cash flow potential. The asking price is $199,900, translating to $109.84 per square foot. This is a turnkey investment ready for a new owner. Note: Square footage, taxes, and appliance ownership should be verified independently.

Highlights

  • $199,900 asking price for this multifamily property.
  • Two-unit apartment building in Hammond, Indiana.
  • 1,820 square feet total, with a price per square foot of $109.84.
  • 100% occupancy.
  • Built in 1922, this two-story building sits on a 4,865.65 square foot lot.

Property Details for 6231 Madison Ave

Property type
Apartment buildings
Square Feet
1,820 SF
Year Built
1922
Buildings
1
Stories
2
Units
2

Location Insight

City
Hammond
County
Lake
State
Indiana
Latitude
41.600206388949
Longitude
-87.511371541918
6231 Madison Ave, Hammond, Indiana

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FAQs

What type of property is this?
Apartment building - Charming 2-unit apartment building, 100% occupied.
Where is the apartment building located?
The property is located at 6231 Madison Ave Hammond, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: $199,900 asking price for this multifamily property.; Two-unit apartment building in Hammond, Indiana.; 1,820 square feet total, with a price per square foot of $109.84.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Tariq Suboh
Tariq Suboh
Andy Page
Visit Broker Website

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Madison Ave
Hammond, IN 46324

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Hammond, IN 46324

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

6231 Madison Ave
  • Tariq Suboh
    Tariq Suboh
  • Andy Page
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