Residential Income For Sale

1735 Fairbanks Street, Griffith, Indiana

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Property Description

RARE 2-UNIT OPPORTUNITY | FULLY RENOVATED | ACREAGE IN LAKE CENTRAL! Turnkey investment opportunity featuring two separate homes on one lot–ideal for immediate rental income, house hacking, or multi-generational living. The primary home (~1,200 SF) offers 3 bedrooms and 2 full baths, while the second home (~800 SF) includes 2 bedrooms and 2 full baths. Both units have been fully remodeled top to bottom, allowing for quick occupancy and minimal upfront improvements. Recent updates include modern kitchens with quartz countertops, stainless steel appliances, remodeled bathrooms, updated flooring, lighting, and fixtures throughout. Major mechanicals are under 2 years old, and both homes feature new well systems and are separately metered–streamlining management and utility responsibility. Situated on over 1 acre, the property also includes a detached 2-car garage and offers privacy rarely found with multi-unit setups. Ideal for investors seeking multiple income streams on one parcel, or owner-occupants looking to offset their mortgage. Strong rental demand in the area supports long-term investment potential. Income and expense estimates available upon request. Buyer to verify all information. Opportunities combining condition, flexibility, and land like this are limited–schedule your showing today.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA837654
Price : $449,900
Bedrooms : 4
Rooms : 10
Bathrooms : 3
Half Bathrooms : 0
Year Built : 1948
Lot Area : 46,827 Sqft
Status : Active
Acres : 1.075
Property Subtype 1 : Duplex
Status : Active
Features
Heating System : Forced Air, Natural Gas
Pet Policy : Yes
Parking : Detached, Driveway, Additional Parking
Exterior Features : Fire Pit
Interior Features : Ceiling Fan(s), Stone Counters
Appliances
Appliances : Microwave, Dryer, Refrigerator, Washer, Water Softener Owned, Gas Range, Stainless Steel Appliance(s), Gas Water Heater
Address Map
Country : US
State : IN
County : Lake
City : Griffith
Street : Fairbanks
Street Number : 1735
Street Suffix : Street
Postal Code : 46319
Floor Number : 0
Longitude : W88° 34' 58.8''
Latitude : N41° 29' 39.9''
Directions : W 93rd Ave; turn right onto Cline Ave; take the third exit at the roundabout for Cline Ave; right onto E Joliet St; turn left onto Fairbanks St; property is on the right.
Subdivision : N/a
Township : St. John
MLS Addon
Office Name : Real Broker, LLC
Listing Agent MLS ID : NRA15441
Listing Office MLS ID : NRA2200
Annual Tax Amount : $2,111
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2024
Residential Income For Sale
  • Listing ID : NRA837654
  • Bedrooms : 4
  • Bathrooms : 3
  • Lot Area : 46,827 Sqft
$449,900
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent