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5969 Park Pl, Hammond, IN 46320 4 units 5969 Park Pl 4 Unit Apartment Building $319,000 ($79,750/Unit) 7.44% Cap Rate Hammond, IN 46320
Executive Summary
Excellent Investment or Owner-Occupant Opportunity – 5969 Park Pl, Hammond, IN.
Discover a well-maintained four-unit multifamily property on a quiet residential street in Hammond. This solid asset features a desirable unit mix of one 2-bedroom/1-bath unit and three 1-bedroom/1-bath units, offering strong rental appeal and flexibility for both investors and owner-occupants.
The building spans 3,560 square feet and is easy to manage, with tenants paying their own gas and electric, while the owner covers water, sewer, and trash. Each unit offers comfortable layouts and individual heating systems, contributing to tenant satisfaction and long-term stability.
Conveniently located in Lake County, the property provides quick access to multiple highways, making it attractive to commuters. With stable income in place and room for growth, this is an ideal opportunity for an investor seeking reliable cash flow or an owner-occupant looking to live on-site while generating rental income.
Please contact Andy Page for a showing. 630-418-3093. andy.page@ellsburygroup.com
Discover a well-maintained four-unit multifamily property on a quiet residential street in Hammond. This solid asset features a desirable unit mix of one 2-bedroom/1-bath unit and three 1-bedroom/1-bath units, offering strong rental appeal and flexibility for both investors and owner-occupants.
The building spans 3,560 square feet and is easy to manage, with tenants paying their own gas and electric, while the owner covers water, sewer, and trash. Each unit offers comfortable layouts and individual heating systems, contributing to tenant satisfaction and long-term stability.
Conveniently located in Lake County, the property provides quick access to multiple highways, making it attractive to commuters. With stable income in place and room for growth, this is an ideal opportunity for an investor seeking reliable cash flow or an owner-occupant looking to live on-site while generating rental income.
Please contact Andy Page for a showing. 630-418-3093. andy.page@ellsburygroup.com
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,500
|
$13.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,500
|
$13.88
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$19,362
|
$6.18
|
| Net Operating Income |
$24,138
|
$7.70
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $43,500 |
| Annual Per SF | $13.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,500 |
| Annual Per SF | $13.88 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $19,362 |
| Annual Per SF | $6.18 |
| Net Operating Income | |
|---|---|
| Annual | $24,138 |
| Annual Per SF | $7.70 |
Property Facts
| Price | $319,000 | Apartment Style | Low-Rise |
| Price Per Unit | $79,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 7.44% | Building Size | 3,560 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment |
| Price | $319,000 |
| Price Per Unit | $79,750 |
| Sale Type | Investment |
| Cap Rate | 7.44% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,560 SF |
| No. Stories | 2 |
| Year Built | 1915 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Range
- Carpet
- Yard
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Vintage Building
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $950.00 | - |
| 1+1 | 4 | $882.50 | - |
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Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 45-06-01-178-011.000-023 | Improvements Assessment | $280,000 (2025) |
| Land Assessment | $16,400 (2025) | Total Assessment | $296,400 (2025) |
Property Taxes
Parcel Number
45-06-01-178-011.000-023
Land Assessment
$16,400 (2025)
Improvements Assessment
$280,000 (2025)
Total Assessment
$296,400 (2025)
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5969 Park Pl, Hammond, IN 46320 4 units | 5969 Park Pl
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