225 Carroll Street Hammond, IN $ 1,875,000
225 Carroll Street
$ 1,875,000
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225 Carroll Street

Hammond, IN, 46320
$ 1,875,000
Bedrooms-- Baths-- Sq 14,904

Monthly Estimate*

$ 12,950

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Commercial Property for sale in Hammond, IN

for $1,875,000. This 14,904 square foot building was built in 1930 on a lot size of 0.313.

Excellent opportunity to acquire a recently updated 15-unit multifamily property featuring a durable brick and block exterior and a desirable mix of primarily two-bedroom apartments. The four-story building was originally constructed in 1930 and has undergone recent updates throughout the apartment units. The unit mix consists of 13 two-bedroom/one-bath apartments, one one-bedroom apartment, and one studio apartment, providing an attractive concentration of highly marketable two-bedroom units. Apartment interiors have been updated, with select units featuring granite kitchen countertops and stainless-steel appliances. Each apartment is equipped with electric heat, and select units include window air-conditioning units. Additional property amenities include 17 on-site parking spaces and a common laundry area equipped with two washers and two dryers for resident use.

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Commercial Active

Price

$ 1,875,000

Property Type

Commercial

Taxes

$ 24,355

Style

Multi Family

Lot Size

0.313

Year Built

1930

Town/City

Hammond

County/Region

Lake

MLS | Web ID

846563

Features
General
Sewer Public Sewer
Heating Other
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Dryer Water Heater Washer Range Hood Refrigerator Gas Range
Year Built 1930
Electric 100 Amp Service
Township North
Property Subtype Multi Family
Tax Year 2025
County Lake
Property Type Commercial Sale
Subdivision Name Towle & Youngs Add
Building Features Multi Tenant
Status Active
Directions From 165th Street go north on Hohman Avenue east on Carroll to property.
City Hammond
Lot Size Square Feet 13634
Listing Terms Cash Conventional
Tax Annual Amount 24355.74
Standard Status Active
Legal Description TOWLE & YOUNG'S ADD BL.7 W.10FT OF LOT 28 ALL LOTS 29&30
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Exterior
Water Source Public
Total Parking 17
Lot Size Acres 0.313
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

$14,980
Per Month
86%
14%
0%
Monthly Principal & Interest
$12,950
Monthly Property Taxes
$2,030
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/8/2026$1,875,000 Listed Price

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225 Carroll Street, Hammond, IN, 46320 is a Commercial Property for sale at $1,875,000 with 14,904 sqft and a lot size of 0.313. 225 Carroll Street was built in 1930. The property's zip code is 46320 which is in Hammond, IN