540 165th Street Hammond, IN $ 249,900
540 165th Street
$ 249,900
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540 165th Street

Hammond, IN, 46324
$ 249,900
Baths0.0

Monthly Estimate*

$ 1,578

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Studio

Multi-Family Home for sale in Hammond, IN

for $249,900. This home was built in 1941 on a lot size of 0.143.

Opportunity is knocking in the rapidly growing City of Hammond! This solid all-brick two-unit income property offers the perfect blend of investment potential, anyone seeking a multi family opportunity or long-term value, whether you're an investor looking to expand your portfolio or an owner-occupant ready to build equity while generating rental income. With separate entrances, a shared foyer, and privacy between units, this property provides flexibility for a variety of living and investment scenarios. The main level unit features 2 spacious bedrooms, a large eat-in kitchen with ample room for dining, a walk-in shower, and newer appliances. Upstairs, the second unit offers 1 bedroom, a full bath, also newer appliances and a generously sized eat-in kitchen, creating a comfortable and functional layout. An unfinished full basement provides abundant storage space and offers additional possibilities for future use. Outside, the private parking lot accommodates up to 6 vehicles, a valuable convenience for tenants and owners alike. Ideally located near major interstates with easy access to Chicago, public transportation, restaurants and shopping, this property offers easy access for commuters while remaining close to everything Hammond has to offer. Adding even more potential, the building was originally a commercial property and may offer the possibility of conversion back to commercial use. Properties with this level of flexibility, income potential, and location don't come around often. Whether you're looking to invest, occupy, or explore future opportunities, this is one you won't want to miss. Schedule your showing today and see firsthand all the possibilities this unique property has to offer!

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Multi-Family Active

Price

$ 249,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,100

Style

Duplex

Lot Size

0.143

Year Built

1941

Town/City

Hammond

County/Region

Lake

MLS | Web ID

841327

Features
Interior
Interior Amenities Entrance Foyer Soaking Tub Laminate Counters Eat-in Kitchen
Fireplace Y/N N
Above Grade Finished Area 1969
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General
Sewer Public Sewer
Heating Hot Water Natural Gas
Appliances Gas Range Stainless Steel Appliance(s) Refrigerator Gas Water Heater
Pets Allowed Yes
Year Built 1941
View City Neighborhood
Township North
Levels Two
Property Subtype Duplex
Tax Year 2025
County Lake
New Construction N
Property Type Residential Income
HOA N
Subdivision Name F B Halls
Garage Y/N N
Status Active
Directions From E 37th Ave/E Ridge Road turn right onto Calumet Avenue. Turn left onto E 165th Street.
City Hammond
High School District Hammond
Lot Size Square Feet 6229
Listing Terms Cash FHA Conventional
Tax Annual Amount 4100
Standard Status Active
Legal Description F. B. HALL'S SUB. L.21 BL.1 ALL L.22 BL.1
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Exterior
Parking Features Additional Parking Off Street Gravel Alley Access
Lot Features Back Yard Near Public Transit Front Yard Few Trees
Water Source Public
Total Parking 6
Lot Size Acres 0.143
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Ruza Jevtic

Listing Agent

Realty Executives Premier

Broker

rjevtic@comcast.net

Email

Affordability Calculator

$1,920
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,578
Monthly Property Taxes
$342
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4001609 Elementary School
4001615 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2026$249,900 Listed Price

Map


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540 165th Street, Hammond, IN, 46324 is a Multi-Family Home for sale at $249,900 with a lot size of 0.143. 540 165th Street is a studio with 0.0 baths and was built in 1941. The property's zip code is 46324 which is in Hammond, IN