Residential Income For Sale

1735 Fairbanks Street, Griffith, Indiana

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Property Description

Investor opportunity: Why buy one rental property when you can own two fully remodeled homes on a single parcel? Located on more than one acre in Griffith’s New Elliott area within the highly regarded Lake Central School District, this unique property offers two separate residential structures and multiple paths to generating income. The primary home features 3 bedrooms, 2 bathrooms, and nearly 1,100 finished square feet. Notable features include a split-bedroom floor plan, primary suite with ensuite bathroom, finished laundry room, and an open-concept living room and kitchen designed for modern living. The accessory dwelling unit adds over 800 finished square feet and creates exceptional flexibility. The second home includes a spacious living room, finished laundry area, and two bedrooms, each with its own ensuite bathroom. Whether used for long-term tenants, multi-generational housing, guest accommodations, employee housing, or owner-occupant house hacking, the possibilities are substantial. Unlike many investment opportunities, both homes have already been remodeled, reducing the need for immediate capital improvements and allowing a new owner to focus on occupancy and cash flow. The property also includes a large 2-car garage and over one acre of land–an increasingly rare combination in Northwest Indiana. Conveniently located just one mile from US-30, the property provides easy access to Schererville, Dyer, Highland, and major employment centers throughout the region. Downtown Chicago is approximately 45 minutes away. All appliances stay. Two homes. One parcel. Over an acre of land. Whether you’re looking to expand your portfolio, create multiple income streams, or secure a property with built-in flexibility, opportunities like this rarely reach the market.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA842025
Price : $419,900
Bedrooms : 5
Rooms : 11
Bathrooms : 4
Half Bathrooms : 0
Year Built : 1948
Lot Area : 46,827 Sqft
Status : Active
Acres : 1.075
Property Subtype 1 : Duplex
Status : Active
Virtual Tour URL : https://youtu.be/xsLIHx0VS50
Features
Heating System : Central, Forced Air, Natural Gas
Pet Policy : Yes
Parking : Detached, Driveway
Interior Features : Ceiling Fan(s)
Appliances
Appliances : Microwave, Dryer, Refrigerator, Washer, Water Softener Owned, Range
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 : From the intersection of Burr St. and E HWY 330/Joliet Rd., west on E HWY 330/Joliet Rd. then right (north) onto S Arbogast Ave/S Fairbanks. Property will be on the right (east) side of the road.
Subdivision : Burlington Beach 1st Add
Township : St. John
MLS Addon
Office Name : Listing Leaders
Listing Agent MLS ID : NRA14748
Listing Office MLS ID : NRA1690
Annual Tax Amount : $3,555
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential Income For Sale
  • Listing ID : NRA842025
  • Bedrooms : 5
  • Bathrooms : 4
  • Lot Area : 46,827 Sqft
$419,900
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent