This two-unit rental property in Hammond, IN offers both stable cash flow and versatile living options. Tenants are leased through January 2027, providing predictable rental income from day one. The front single-family home features an open living and dining area, a spacious kitchen, and a finished basement that includes an additional bedroom and bath. The rear building includes a two-bedroom, one-bath upper unit with an enclosed porch. On the main level of the rear building, there is a flexible living area with its own locked door, offering privacy and versatility. This space can serve as a recreation room, home office, guest area, or bonus family living area, adding unique functionality to the property. Both units are fully occupied and positioned to provide reliable income. Located in a convenient Hammond neighborhood near schools, shopping, and major roadways.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA833696
Price : $259,900
Bedrooms : 6
Rooms : 0
Bathrooms : 3
Half Bathrooms : 0
Year Built : 1920
Lot Area : 4,940 Sqft
Status : Active
Acres : 0.1134
Property Subtype 1 : Duplex
Status : Active
Features
Heating System : Central, Forced Air, Natural Gas, Unit Control
Basement : Yes
Pet Policy : Yes
Parking : On Street
Exterior Features : Rain Gutters, Lighting, Private Yard
Interior Features : Granite Counters, Eat-in Kitchen, Recessed Lighting, Open Floorplan
Appliances
Appliances : No
Address Map
Country : US
State : IN
County : Lake
City : Hammond
Street : Oak
Street Number : 4828
Street Suffix : Avenue
Postal Code : 46327
Floor Number : 0
Longitude : W88° 29' 40.4''
Latitude : N41° 37' 32.2''
Directions : TAKE CALUMET TO HOFFMAN ST. TURN E ON HOFFMAN TO OAK ST.