5537 Beall Str

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5537 Beall Str

Hammond, IN 46320
Asking Price
$150K
Asset Type
Multifamily
Class
Class B

What's Special

5537 Beall Street is located in north Hammond, Indiana, situated within a long-established residential pocket near the Illinois state line. The neighborhood is characterized by a mix of single-family homes and smaller multi-unit properties, offering a dense suburban feel. Residents have efficient access to regional employment hubs via nearby Interstate 90 and the South Shore Line commuter rail. Local amenities include the retail corridors along Calumet Avenue and Indianapolis Boulevard, providing convenient proximity to grocery stores, pharmacies, and service-oriented businesses. The property is suited for a multifamily investment strategy focused on workforce housing. Given its location near major industrial sectors and metropolitan transport links, the typical tenant profile consists of local professionals and commuters seeking functional residential space with manageable overhead. The asset is well-positioned for long-term rental use or a value-add renovation to serve the consistent demand for multi-unit housing in the Lake County market.

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NOI
$80,000
Cap Rate
53.37%
DSCR
8.99
Strong
Cash-on-Cash
158.11%
Monthly Payment
$741.623
Annual Cash Flow
$71,100.519

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