1230 Lake Charles Avenue Porter, IN $ 4,200,000
1230 Lake Charles Avenue
$ 4,200,000
Recently Listed
Open House 9/4 2pm - 4:30pm
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1230 Lake Charles Avenue

Porter, IN, 46304
$ 4,200,000
Bedrooms-- Baths-- Sq 37,240

Monthly Estimate*

$ 26,519

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Commercial Property for sale in Porter, IN

for $4,200,000. This 37,240 square foot building was built in 1995 on a lot size of 3.33.

Rare opportunity to acquire a 28-unit multifamily portfolio in Porter, Indiana, consisting of three townhome-style properties totaling approximately 37,240 SF. The portfolio includes one 12-unit property and two 8-unit properties, with all units featuring 2-bedroom, 1.5-bath layouts. Properties are individually metered, with tenants responsible for electric, gas, water/sewer and trash, creating a low owner expense structure. Private outdoor space, in-unit laundry hookups and additional garage income enhance the offering. Strong in-place income with additional upside through continued rent growth. Conveniently located near I-94, US-20, the South Shore Line and Indiana Dunes National Park. Properties are available for purchase as a complete 28-unit portfolio or individually. Excellent opportunity for an investor seeking immediate scale in Northwest Indiana's multifamily market.

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Open House

9/4/2026 2:00 PM - 4:30 PM
1230 Lake Charles Avenue Porter, IN
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Commercial Active

Price

$ 4,200,000

Property Type

Commercial

Taxes

$ 61,090

Style

Multi Family

Lot Size

3.33

Year Built

1995

Town/City

Porter

County/Region

Porter

MLS | Web ID

844657

Features
General
Sewer Public Sewer
Heating Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Year Built 1995
Electric Circuit Breakers
View Neighborhood
Township Westchester
Property Subtype Multi Family
Tax Year 2025
County Porter
Property Type Commercial Sale
Building Features Multi Tenant
Status Active
Directions US-20 to Waverly Road. North on Waverly Road to Lake Charles Avenue. Properties are located along Lake Charles Avenue/Lawson Lane in Porter
City Porter
Lot Size Square Feet 145054.8
Listing Terms Cash Other
Tax Annual Amount 61090
Standard Status Active
Legal Description Lake Charles Sub Lot 8 Lake Charles Sub Outlot 1 PAR IN SW NE S HWY 20 DESC 99-000377 34-37-6 1A
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Exterior
Water Source Public
Total Parking 69
Lot Size Acres 3.33
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Tariq Suboh

Listing Agent

Ellsbury Group

Broker

Tariq@EllsburyGroup.com

Email

Affordability Calculator

$31,610
Per Month
84%
16%
0%
Monthly Principal & Interest
$26,519
Monthly Property Taxes
$5,091
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
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$4,200,000 Listed Price

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1230 Lake Charles Avenue, Porter, IN, 46304 is a Commercial Property for sale at $4,200,000 with 37,240 sqft and a lot size of 3.33. 1230 Lake Charles Avenue was built in 1995. The property's zip code is 46304 which is in Porter, IN