309-311 W Morgan Avenue

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309-311 W Morgan 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 at 309-311 W Morgan Avenue.
  • Property is situated within the Chesterton city limits in Indiana.
  • Asset provides a residential investment opportunity in a suburban market.
  • Strategic location offers access to regional transportation and employment centers.
  • Chesterton serves as a residential hub in Northwest Indiana.

What's Special

Investors seeking to expand their residential holdings will find this apartment building at 309-311 W Morgan Avenue a functional addition to a Chesterton portfolio. The multifamily asset provides a tangible opportunity for those focused on rental income streams within a community that serves as a popular residential hub in Northwest Indiana. Chesterton maintains a steady demand for housing due to its proximity to the Indiana Dunes and accessible transit routes that link the area to the broader Chicago metropolitan economy. The building is situated to cater to local professionals and regional commuters alike, offering a predictable location for long-term tenancy. Its layout and positioning within the local market make it a practical acquisition for parties interested in stabilized multifamily operations. This submarket continues to benefit from its strategic placement near major regional employers and transportation arteries, supporting consistent housing interest throughout the year. The asset represents a straightforward approach to property management in a region characterized by its accessible suburban lifestyle and connection to the larger Lake Michigan coastal economic corridor.

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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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