1/7

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1/7

Hammond, IN 46323
Asking Price
$165K
Asset Type
Multifamily
Class
Class B

What's Special

Located at 1/7 in Hammond, Indiana, this multifamily property is situated within a residential pocket characterized by a mix of single-family homes and small apartment complexes. The neighborhood offers convenient access to local amenities along Calumet Avenue and 165th Street, including grocery stores, pharmacies, and dining options. Regional connectivity is supported by proximity to the Borman Expressway (I-80/94) and the South Shore Line, providing direct transportation links to downtown Chicago and neighboring Northwest Indiana suburbs. Area parks and community centers serve the immediate vicinity, maintaining a stable local environment. The asset is structured for long-term residential leasing, ideally suited for value-add investors or owner-occupants seeking multi-unit management. The typical tenant profile consists of local workforce professionals and commuters who prioritize proximity to regional logistics hubs and manufacturing centers. Given the layout and location, the property supports a mix of small households and individuals looking for functional living spaces with reliable access to major employment corridors. The site offers a consistent use case for standard rental operations within the Hammond submarket.

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NOI
$80,000
Cap Rate
48.48%
DSCR
8.17
Strong
Cash-on-Cash
141.83%
Monthly Payment
$816.33
Annual Cash Flow
$70,204.04

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