$565,000
$584,900
3.4%For more information regarding the value of a property, please contact us for a free consultation.
135 W 57th AVE Merrillville, IN 46410
8 Beds
4 Baths
21,127 SqFt
Key Details
Sold Price $565,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 21,127 sqft
Price per Sqft $26
MLS Listing ID 837842
Sold Date 05/22/26
Bedrooms 8
Full Baths 4
Year Built 1968
Annual Tax Amount $8,189
Tax Year 2024
Lot Size 0.485 Acres
Acres 0.485
Property Sub-Type Quadruplex
Property Description
Fully brick 4-unit investment opportunity offering strong cash flow potential with value-add upside. Each unit features 2 bedrooms, 1 bathroom, and approximately 1,080 square feet with identical, functional layouts. One unit has been updated with additional improvements throughout the property, while current rents remain below market, providing immediate upside for investors. The building sits on a corner lot just minutes from a main corridor with shopping, dining, and everyday conveniences. Each unit includes a private rear balcony and an attached garage space accessed through a drive-down basement, a rare amenity that adds tenant appeal and retention. The property includes a mix of long-term and newer tenants, offering both stability and opportunity for rental growth. Tenants are responsible for their own heat and electric, while the owner covers water, sewage, and common utilities, keeping operations straightforward. This is a solid addition to any portfolio with strong fundamentals, desirable unit sizes, and built-in potential to increase returns.
Location
State IN
County Lake
Interior
Interior Features Entrance Foyer
Heating Forced Air
Fireplace N
Appliance Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range
Exterior
Exterior Feature Balcony
Garage Spaces 4.0
View Y/N true
View true
Building
Lot Description Corner Lot, Front Yard
Story Two
Others
Tax ID 451204428001000030
SqFt Source Assessor
Acceptable Financing NRA20260427130906435628000000
Listing Terms NRA20260427130906435628000000
Financing Cash
Pets Allowed No
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Bought with Better Homes and Gardens Real






