Hammond, IN 46324 6237-6262 Hohman Avenue
$799,900
25 more
Presented By: Robert Medinger with Keller Williams Preferred Real -
Home Details
Remarkable investment opportunity in Historic Hammond with 9.5%+ CAP potential for savvy new operator! Well maintained 7-unit property (with 3 attached garages with 5 spaces, currently not being used/leased, and a coin operated laundry room) consisting of a mix of (1) studio unit, (4) one bedroom units, (1) two bedroom unit & (1) three bedroom unit, all with 1/2 bathrooms. Many recent updates including rubber roof, brand new boiler with transferable warranty, some cosmetic updates in larger units. Located near the incoming South Shore Train Extension and just north of Downtown Hammond on main thoroughfare with easy access to Chicago's bustling business district. Some units metered separately. Currently fully leased with stable tenants, but most leases have been switched to month to month or are expiring soon for the convenience of the new owner! Call to schedule your showing today.
Presented By: Robert Medinger with Keller Williams Preferred Real -
Interior Features for 6237-6262 Hohman Avenue
Other Interior Features
Laundry FeaturesCommon Area, In Basement, See Remarks
Street SuffixAvenue
General for 6237-6262 Hohman Avenue
Adult Family HomesNone
Building FeaturesCourtyard, Multi Tenant, Other
CityHammond
CountyLake
Current FinancingOther
DirectionsHead North on Hohman Ave coming from I-94 Expressway to 6237 (property address is 6237, but house in front shows 6239)
Electric200+ Amp Service
Electric Expense1800
Exterior FeaturesCourtyard
Gross Income103200
HeatingBaseboard, Hot Water, Separate Meters
Insurance Expense4500
Legal DescriptionWHEELER'S ADD. S 20 FT OF LOT 4 & ALL LOTS 5 & 6
Lot Size Square Feet10497.96
MaintenanceExpense4000
Net Operating Income85596
OwnerPaysOther, Repairs, Roof Maintenance, See Remarks, Taxes, Trash Collection
Property Attached Y/NYes
Property SubTypeMulti Family
Property TypeCommercial Sale
Security FeaturesSecured Garage/Parking
SewerPublic Sewer
Standard StatusActive
StatusActive
Street NameHohman
Subdivision NameWheelers Add
Tax Annual Amount3102.84
Tax Year2022
Total Actual Rent101400
TownshipNorth
Trash Expense3000
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNone
Waterfront Y/NNo
Year Built1950
Zoning DescriptionCommercial
Exterior for 6237-6262 Hohman Avenue
Lot Dimensions68x157
Lot Size Acres0.241
Lot Size SourceAssessor
Parking FeaturesAdditional Parking, Alley Access, Concrete, Garage Faces Front, Heated Garage, On Site, Oversized, Storage, Workshop in Garage
Total Parking15
Water SourcePublic