540 165th Str

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540 165th Str

Hammond, IN 46324
Asking Price
$250K
Asset Type
Multifamily
Class
Class B

What's Special

540 165th Street is located in the Robertsdale neighborhood of Hammond, Indiana, situated near the Illinois state border. This residential pocket provides proximity to the Lake George plateau and several local parks, including Forsythe Park. The property is positioned within a short distance of essential retail corridors along Calumet Avenue and Indianapolis Boulevard. Nearby transportation infrastructure includes the South Shore Line commuter rail and immediate access to the Borman Expressway (I-80/94) and the Indiana Toll Road, facilitating regional commutes to both Gary and downtown Chicago. This multifamily asset is suited for rental housing portfolios seeking proximity to major industrial and academic employment hubs. The location typically attracts a tenant profile consisting of local workforce professionals and staff associated with the Purdue University Northwest campus. Due to its positioning near the South Shore Line expansion and regional transit upgrades, the site serves commuters who require access to the Chicago metropolitan area. The property is best utilized as market-rate long-term rentals or residential redevelopment tailored to the area’s demand for accessible workforce housing.

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NOI
$80,000
Cap Rate
32.01%
DSCR
5.39
Strong
Cash-on-Cash
86.92%
Monthly Payment
$1,236.369
Annual Cash Flow
$65,163.574

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