2102-2104 Washington Avenue

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2102-2104 Washington Avenue

Chesterton, IN 46304
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Chesterton, Indiana.
  • Property situated at the address 2102-2104 Washington Avenue.
  • Suburban market with access to the Chicago metro area.
  • Investment asset suitable for long-term residential leasing operations.
  • Located within a growing region of Northwest Indiana.

What's Special

Chesterton serves as a growing suburban market within the Northwest Indiana region, benefiting from its proximity to major transportation corridors and the economic landscape of the Chicago metropolitan area. This multifamily apartment building, situated at 2102-2104 Washington Avenue, represents a residential investment asset within this established community. The property offers a stable opportunity for investors seeking to manage rental housing in a market characterized by steady demand and local population growth. Given the layout and configuration of the site, the asset is suited for long-term residential leasing operations. Prospective buyers can leverage the location to attract tenants looking for access to regional employment hubs while enjoying the suburban atmosphere of Chesterton. This apartment building provides a functional space for those looking to expand or diversify their residential real estate portfolio in Indiana.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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