9201 Kennedy Avenue

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9201 Kennedy Avenue

Highland, IN 46322
Asking Price
$1.35M
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 Highland
  • The property is positioned at 9201 Kennedy Avenue
  • Asset is currently offered at a price of 1,350,000
  • Well-connected location within the Chicago metropolitan residential market
  • Suitable for investors targeting Northwest Indiana residential housing

What's Special

This multifamily apartment building at 9201 Kennedy Avenue in Highland, Indiana, is available for sale, presenting an entry into the local rental market for residential investors. Situated within a growing suburban area of the Chicago metropolitan region, the property benefits from accessibility to major regional transit routes and a stable local population base. Investors can leverage the asset to provide housing options in a community defined by its proximity to urban centers while maintaining a residential atmosphere. The scale of this building allows for a variety of management strategies, appealing to those seeking to expand their portfolio within the Northwest Indiana corridor. Highland remains an established submarket where multi-unit residential properties serve the housing demands of local commuters and long-term residents. The strategic placement of this building ensures it remains relevant for tenants requiring efficient access to local employers and regional services. Prospective buyers will find this asset suitable for traditional long-term leasing models, aiming to capitalize on the steady demand for rental housing in this well-connected corner of the state.

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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761

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