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1923 Clark St 1923 Clark St 19 Unit Apartment Building $1,900,000 ($100,000/Unit) 6.36% Cap Rate Whiting, IN 46394



INVESTMENT HIGHLIGHTS
- Desirable Commuter Location
- Proximity to Area Amenities
- Stable Employment Market
- Urban-Infill Residential Neighborhood
- Value-Add Potential
- Large Student Population
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1923 Clark Street in Whiting, Indiana (the “Property”). The Property contains a total of nineteen (19) units comprised of thirteen (13) 1-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom unit, and five (5) Studio units with 16,000 square feet of living area in 19,000 square feet total gross area on a 0.15-acre corner parcel of land. The Property is located along Clark Street and is seconds from Calumet Avenue (US Highway 41) and Indianapolis Boulevard (US Highway 20) on the north end of a densely populated residential neighborhood. The Property enjoys convenient access to the area’s major highway (Interstate 90 and US Highways 41 and 20) and enjoys close proximity to the Hammond- Whiting Station for quick, direct access to Chicago and the surrounding areas. 1923 Clark Street also provides access to large areas of employment and several national retailers including Walmart Supercenter and Strack & Van Til (the area’s primary grocery stores).
PROPERTY FACTS
| Price | $1,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.36% | Building Size | 19,000 SF |
| No. Units | 19 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Price | $1,900,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 19,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 13 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 45-03-07-259-009.000-025 | Improvements Assessment | $1,400,000 |
| Land Assessment | $26,900 | Total Assessment | $1,426,900 |
PROPERTY TAXES
Parcel Number
45-03-07-259-009.000-025
Land Assessment
$26,900
Improvements Assessment
$1,400,000
Total Assessment
$1,426,900
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1923 Clark St | 1923 Clark St
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