6803 Schneider Avenue

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6803 Schneider Avenue

Hammond, IN 46323
Asking Price
$949K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for acquisition in Hammond, Indiana.
  • Property is situated at the address 6803 Schneider Avenue.
  • Total asking price for this residential investment is $949,000.
  • Located within the expanding Chicago metropolitan area housing market.
  • Suitable asset for investors seeking residential rental income opportunities.

What's Special

This multifamily apartment building at 6803 Schneider Avenue in Hammond, Indiana, is currently listed for sale, representing a functional addition for investors focused on the regional housing market. Located in the Chicago metropolitan area, Hammond benefits from strong transit connectivity and proximity to major employment hubs, making it a reliable area for rental housing demand. The asset type allows for a straightforward value-add approach or a stable long-term hold in a densely populated suburban environment. Institutional and private investors often target these types of properties in Northwest Indiana due to consistent tenant interest from the local workforce. Proximity to major highways ensures that residents maintain easy access to both the surrounding industrial corridors and the greater metropolitan economic center. This investment provides a practical path for those looking to expand their portfolio within a market characterized by steady occupancy and balanced growth.

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NOI
$80,000
Cap Rate
8.43%
DSCR
1.42
Strong
Cash-on-Cash
8.31%
Monthly Payment
$4,695.134
Annual Cash Flow
$23,658.39

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