We are pleased to present a rare and exceptional investment opportunity in a well-maintained 9-unit multifamily property located in the desirable Northwest Indiana community of Highland. This asset offers investors immediate in-place cash flow with additional upside through continued rent growth. The property features a desirable unit mix designed to appeal to a broad tenant base, providing stable occupancy and consistent demand. Many of the units have been updated with modern finishes. The property is situated in a strong suburban location with close proximity to shopping, dining, parks, schools, and major highways, the property offers residents convenience and accessibility to both Northwest Indiana and the greater Chicago metropolitan area. With Highland’s strong rental fundamentals and limited supply this offering represents a compelling opportunity for investors seeking a turnkey multifamily asset with both dependable current income and future appreciation/rental growth potential.
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA838266
Price : $1,350,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1969
Lot Area : 12,458 Sqft
Status : Active
Acres : 0.286
Property Subtype 1 : Multi Family
Status : Active
Features
Heating System : Forced Air
Basement : Yes
Parking : Paved
Exterior Features : Balcony
Address Map
Country : US
State : IN
County : Lake
City : Highland
Street : Kennedy
Street Number : 9201
Street Suffix : Avenue
Postal Code : 46322
Floor Number : 0
Longitude : W88° 32' 19.5''
Latitude : N41° 32' 46.9''
Directions : Driving North on I-94, exit on Kennedy Ave going south. Drive 2 miles on Kennedy ave and the property is on the left just after 40th ave.