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1623 Portage Avenue Chesterton, IN $ 1,800,000
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1623 Portage Avenue
$ 1,800,000
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1623 Portage Avenue

Chesterton, IN, 46304
$ 1,800,000
Bedrooms-- Baths-- Sq 10,500

Monthly Estimate*

$ 11,083

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Commercial Property for sale in Chesterton, IN

for $1,800,000. This 10,500 square foot building was built in 1966 on a lot size of 0.574.

All- Brick & Fully Occupied 12-Unit apartment building consisting of (10)-2bed/ 1-bath units and (2) 1-bed/ 1-bath units. 9 of the 12 apartments have been Updated/Remodeled in the last few years. New roof, gutters, windows have been installed since 2011. Each apartment is separately metered for NIPSCO/Water/Sewer. The apartments have wall air conditioners and baseboard heat. The Landlord pays common area utilities, snow, landscape & garbage. On-site laundry!

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Commercial Active

Price

$ 1,800,000

Property Type

Commercial

Taxes

$ 31,326

Style

Multi Family

Lot Size

0.574

Year Built

1966

Town/City

Chesterton

County/Region

Porter

MLS | Web ID

836523
Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Cable Available Water Connected Sewer Connected Natural Gas Connected Electricity Connected
Security Features Other
Year Built 1966
Electric 100 Amp Service Other Circuit Breakers 200+ Amp Service
Township Westchester
Property Subtype Multi Family
Tax Year 2025
Gross Income 1861
County Porter
Net Operating Income 0
Insurance Expense 5651
Property Type Commercial Sale
MaintenanceExpense 540
Subdivision Name Chgo Porter Home Inv Co 2nd Add
Building Features Multi Tenant Other
Status Active
Directions From Old Porter Road (just past Melton Rd.) turn South on Mineral Springs Rd. take 2nd Left on Marquette Rd. turn Right onto S 23rd Street Left to Porter Ave. Right onto S Jackson Blvd and the first
City Chesterton
Lot Size Square Feet 25003
Listing Terms Cash
Tax Annual Amount 31326.48
Electric Expense 2108
Trash Expense 2405
Standard Status Active
Total Actual Rent 84667
Taxes 5943
Legal Description CHGO PORTER HOME INV CO 2ND ADD LOTS 6-13 BLK 37
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Exterior
Water Source Public
Total Parking 20
Lot Size Acres 0.574
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Michael Larson

Listing Agent

Rose Real Estate

Broker

mike@rose-re.com

Email

Affordability Calculator

$13,693
Per Month
81%
19%
0%
Monthly Principal & Interest
$11,083
Monthly Property Taxes
$2,611
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
4/3/2026$1,800,000 Listed Price

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1623 Portage Avenue, Chesterton, IN, 46304 is a Commercial Property for sale at $1,800,000 with 10,500 sqft and a lot size of 0.574. 1623 Portage Avenue was built in 1966. The property's zip code is 46304 which is in Chesterton, IN

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