Residential Income For Sale

7920 North Drive, Highland, Indiana

Property Description

Excellent investment opportunity in the heart of Highland! This fully leased duplex features one 3-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit, offering approximately 2,202 total square feet. Built in 1967, the property generates 3,135 per month (37,620 annually) with leases in place through 2026 and 2027, providing immediate, stable cash flow. Market rents offer additional upside potential. Owner pays gas, water, sewer, and trash; tenants pay electric, lawn care, and snow removal. Conveniently located near major highways, shopping, dining, and the Illinois state line, making it an attractive rental location.

Basic Details

Property Type : Residential Income

Listing Type : For Sale

Listing ID : NRA842290

Price : $349,000

Bedrooms : 5

Rooms : 0

Bathrooms : 2

Half Bathrooms : 0

Year Built : 1967

Lot Area : 7,744 Sqft

Status : Active

Acres : 0.1778

Property Subtype 1 : Duplex

Status : Active

Features

Heating System : Baseboard

Pet Policy : Yes

Parking : Detached, Driveway

Interior Features : No

Appliances

Appliances : Microwave, Refrigerator, Gas Range

Address Map

Country : US

State : IN

County : Lake

City : Highland

Street : North

Street Number : 7920

Street Suffix : Drive

Postal Code : 46322

Floor Number : 0

Longitude : W88° 33' 8.4''

Latitude : N41° 34' 8.8''

Directions : From Indianapolis Blvd (US-41), head east on Ridge Road. Turn left (north) onto Kennedy Avenue, then right onto North Drive. Property will be on the right

Subdivision : Homestead Gardens Master Add

Township : North

MLS Addon

Office Name : Ellsbury Group

Listing Agent MLS ID : NRA16322

Listing Office MLS ID : NRA2314

Annual Tax Amount : $6,254

HOA/POA-Annual Amt. : $0

HOA/POA-Monthly Amt. : $0

Tax Year : 2024

Residential Income For Sale