4104 Hohman Avenue Hammond, IN $ 649,000
4104 Hohman Avenue
$ 649,000
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4104 Hohman Avenue

Hammond, IN, 46327
$ 649,000
Bedrooms-- Baths-- Sq 4,017

Monthly Estimate*

$ 4,482

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Commercial Property for sale in Hammond, IN

for $649,000. This 4,017 square foot building was built in 1970 on a lot size of 0.48.

This offering presents an excellent opportunity to acquire a well-maintained eight-unit multifamily property located in the North Hammond, Indiana submarket. The property features a desirable unit mix consisting of six spacious one-bedroom, one-bath apartments and two studio apartments, appealing to a broad tenant base while providing investors with consistent rental income potential. Six of the eight units have been recently updated with modern interior finishes, significantly reducing near-term capital expenditure requirements while offering additional value-add potential through renovations to the remaining two units. Conveniently situated near major highways, employment centers, shopping, and the Illinois state line, the property benefits from North Hammond's strategic location and accessibility to the greater Chicagoland area. The area's affordability relative to neighboring Illinois communities continues to support rental demand and attract residents seeking quality housing at competitive rates. This property offers investors an attractive combination of in-place cash flow, recent improvements, and additional upside through continued rent optimization and targeted renovations. Whether seeking to expand an existing multifamily portfolio or acquire a stabilized investment with value-add potential, this eight-unit property represents a compelling opportunity in the Northwest Indiana market.

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Commercial Active

Price

$ 649,000

Property Type

Commercial

Taxes

$ 11,746

Style

Multi Family

Lot Size

0.48

Year Built

1970

Town/City

Hammond

County/Region

Lake

MLS | Web ID

846781

Features
General
Sewer Public Sewer
Heating Other
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Year Built 1970
Electric Other
Township North
Property Subtype Multi Family
Tax Year 2024
County Lake
Net Operating Income 52002
Property Type Commercial Sale
Building Features Other
Status Active
Directions From I-80/I-94 take the Calumet Avenue/US-41 North exit toward Hammond. Continue north on Calumet Avenue then head west toward Hohman Avenue and proceed north on Hohman Avenue. Continue to 4104 Hohma
City Hammond
Lot Size Square Feet 20908.8
Listing Terms Cash Other Conventional
Tax Annual Amount 11746
Standard Status Active
Legal Description WINSLOWS ADD. ALL LOTS 45 TO 48 BL.4
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Exterior
Parking Features Driveway Garage Faces Rear
Water Source Public
Total Parking 12
Lot Size Acres 0.48
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Andrew Page

Listing Agent

Ellsbury Group

Broker

andypage201@yahoo.com

Email

Affordability Calculator

$5,461
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,482
Monthly Property Taxes
$979
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
10/13/2026$649,000 Listed Price

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4104 Hohman Avenue, Hammond, IN, 46327 is a Commercial Property for sale at $649,000 with 4,017 sqft and a lot size of 0.48. 4104 Hohman Avenue was built in 1970. The property's zip code is 46327 which is in Hammond, IN