630 N Shelby Place Hobart, IN ^$ 1,120,000

630 N Shelby Place

^$ 1,120,000

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Recently Listed

630 N Shelby Place

Hobart, IN, 46342

^$ 1,120,000

Bedrooms-- Baths-- Sq 8,000

Monthly Estimate*

^$ 7,736

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Commercial Property for sale in Hobart, IN

for $1,120,000. This 8,000 square foot building was built in 1973 on a lot size of 0.366.

Renovated 8 Unit Apartment Building For Sale, located in a quiet neighborhood of Hobart, Indiana. This property has all large 1 Bedroom/1 Bathroom Units, with updated kitchens, baths, and flooring. The tenants pays for their in unit electric bill which includes the tenants heat/cooling. Landlord pays for the water and trash. The building has a renovated laundry room, as well as parking lot for the tenants. It also gives tenants easy access to major highway systems including I-80 & I-65.

Commercial Active

Price

^$ 1,120,000

Property Type

Commercial

Taxes

^$ 11,461

Style

Multi Family

Lot Size

0.366

Year Built

1973

Town/City

Hobart

County/Region

Lake

MLS | Web ID

847170

Features

Interior

Interior Amenities Ceiling Fan(s)

Laundry Features Laundry Room Main Level

General

Sewer Public Sewer

Heating Baseboard

Utilities Electricity Available Water Connected Water Available Underground Utilities Sewer Connected Sewer Available Natural Gas Connected Electricity Connected

Appliances Electric Cooktop Refrigerator Range

Year Built 1973

Electric Other

View Neighborhood

Township Hobart

Property Subtype Multi Family

Tax Year 2024

Gross Income 120240

County Lake

Net Operating Income 92740

Insurance Expense 5000

Property Type Commercial Sale

MaintenanceExpense 4000

Subdivision Name Pokagon Heights #1

Building Features Other

Status Active

Directions Head south on Hobart Rd left on 38th Pl property is on the right.

City Hobart

Lot Size Square Feet 15943

Listing Terms Cash Conventional

Tax Annual Amount 11461

Electric Expense 1000

Trash Expense 2000

Standard Status Active

Legal Description POKAGAN HEIGHTS UNIT NO.2 LOT 5

Assoc/CIC Community Apartment

Exterior

Parking Features None

Lot Features Back Yard Front Yard

Water Source Public

Total Parking 16

Lot Size Acres 0.366

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Anthony Spangler

Listing Agent

Horvath & Tremblay In,Llc

Broker

aspangler@htapartments.com

Affordability Calculator

$8,691

Per Month

Monthly Principal & Interest: $7,736
Monthly Property Taxes: $955
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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Yearly 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

Trends
Schools

Commerical listings in Hobart, IN

Average List Price ^$636,213

Percent of Sale Price 43%

About Hobart, IN

27,656 Population

9% Since 2002

^$58,961 Median Income

39.8 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/21/2026	$1,120,000		Listed Price

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630 N Shelby Place, Hobart, IN, 46342 is a Commercial Property for sale at $1,120,000 with 8,000 sqft and a lot size of 0.366. 630 N Shelby Place was built in 1973. The property's zip code is 46342 which is in Hobart, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/27/2026.

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630 N Shelby Place

Commercial Property for sale in Hobart, IN

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