7027 Parrish Avenue Hammond, IN $ 650,000
7027 Parrish Avenue
$ 650,000
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7027 Parrish Avenue

Hammond, IN, 46323
$ 650,000
Bedrooms-- Baths-- Sq 5,220

Monthly Estimate*

$ 4,104

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Commercial Property for sale in Hammond, IN

for $650,000. This 5,220 square foot building was built in 1978 on a lot size of 0.1745.

This offering presents a rare opportunity to acquire a portfolio of four well-maintained five-unit apartment buildings located in the South Hammond, Indiana submarket. The properties may be purchased individually or as a portfolio, providing flexibility for investors seeking either a single asset or the opportunity to quickly expand their multifamily holdings. Each building consists of one spacious three-bedroom, two-bath apartment and four oversized one-bedroom, one-bath apartments. The larger unit mix provides a unique appeal to a broad tenant base while offering above market rental income. Across the portfolio's 20 total units, 15 have been recently renovated with modern interior finishes, significantly reducing near-term capital expenditures. Situated just minutes from major highways, employment centers, shopping, and the Illinois state line, the portfolio benefits from South Hammond's convenient location and consistent rental demand. The area's affordability compared to neighboring Chicago communities continues to attract both residents and investors, making these properties an attractive long-term investment. Whether acquired individually or as a package, this portfolio offers investors the opportunity to purchase well-located multifamily assets with a combination of in-place cash flow, recent capital improvements, and additional upside through the renovation of the remaining units and continued rent optimization. Other addresses: 7050 Idaho Ave, 7105 Parrish Ave, 7100 Idaho Ave. All are in Hammond on the same block.

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Commercial Active

Price

$ 650,000

Property Type

Commercial

Taxes

$ 8,210

Style

Multi Family

Lot Size

0.1745

Year Built

1978

Town/City

Hammond

County/Region

Lake

MLS | Web ID

842306

Features
General
Sewer Public Sewer
Heating Baseboard Other
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Year Built 1978
Electric 100 Amp Service
Township North
Property Subtype Multi Family
Tax Year 2025
County Lake
Net Operating Income 49100
Property Type Commercial Sale
Building Features Other
Status Active
Directions From I-80/I-94 take Exit 2 north on Cline Avenue. Continue for approximately 1.5 miles then turn left onto 169th Street. Drive about 0.8 miles and turn right onto Idaho Avenue.
City Hammond
Lot Size Square Feet 7601
Listing Terms Cash Other Conventional
Tax Annual Amount 8210
Standard Status Active
Legal Description PARRISH PARK LOT 1
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Exterior
Parking Features On Street
Water Source Public
Total Parking 6
Lot Size Acres 0.1745
Lot Size Source Appraiser
Waterfront Y/N N
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Interior
Laundry Features Lower Level
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* Excluded Features
List By
Andrew Page

Listing Agent

Ellsbury Group

Broker

andypage201@yahoo.com

Email

Affordability Calculator

$4,788
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,104
Monthly Property Taxes
$684
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
7/15/2026$650,000 Listed Price

Map


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7027 Parrish Avenue, Hammond, IN, 46323 is a Commercial Property for sale at $650,000 with 5,220 sqft and a lot size of 0.1745. 7027 Parrish Avenue was built in 1978. The property's zip code is 46323 which is in Hammond, IN