1291-1297 Lake Charles Avenue Porter, IN $ 575,000
1291-1297 Lake Charles Avenue
$ 575,000
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1291-1297 Lake Charles Avenue

Porter, IN, 46304
$ 575,000
Bedrooms8 Baths4.4

Monthly Estimate*

$ 3,631

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Multi-Family Home for sale in Porter, IN

for $575,000 with 8 bedrooms and 4 full baths, 4 half baths. This home was built in 1993 on a lot size of 0.463.

Excellent investment opportunity to acquire a well-maintained 4-unit townhome community in the highly desirable Porter area, just minutes from the Indiana Dunes National Park, I-94, and the South Shore commuter rail. Built in 1993, each spacious unit features approximately 1,330 SF with 2 bedrooms, 1.5 bathrooms, open-concept living areas, vaulted ceilings, granite countertops, stainless steel appliances, private rear decks, and in-unit washer/dryer hookups. Each unit is individually metered with tenants responsible for electric, gas, water/sewer, and trash, minimizing owner expenses. Recent capital improvements include roof replacement, HVAC and water heater updates, and parking lot resurfacing. Current rents provide immediate cash flow with significant upside as rents move toward market levels. An outstanding value-add opportunity in one of Northwest Indiana's strongest rental markets.

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Multi-Family Active

Price

$ 575,000

Bedrooms

8

Full Bath

4

Half Bath

4

Property Type

Multi-Family

Taxes

$ 7,500

Style

Quadruplex

Lot Size

0.463

Year Built

1993

Town/City

Porter

County/Region

Porter

MLS | Web ID

842347

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 5320
Half Baths 4
Total Bedrooms 8
Total Baths 8
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Appliances Gas Range Refrigerator
Pets Allowed Call
Year Built 1993
View Neighborhood
Township Westchester
Levels One and One Half
Property Subtype Quadruplex
Tax Year 2024
County Porter
New Construction N
Property Type Residential Income
Subdivision Name Lake Charles Sub
Garage Y/N N
Full Baths 4
Status Active
Directions From I-94 take Exit 22 for IN-49 toward Chesterton/Porter. Head north on IN-49 approximately 2 miles then turn left (west) onto US-20. Continue approximately 0.5 mile and turn right onto Lake Charles
City Porter
Lot Size Square Feet 20168
Listing Terms Cash VA Loan FHA Conventional
Tax Annual Amount 7500
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 338800
Legal Description LAKE CHARLES SUB LOT 13
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Exterior
Parking Features Additional Parking Off Street Paved
Lot Features Back Yard Paved
Water Source Public
Lot Size Acres 0.463
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

$4,256
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,631
Monthly Property Taxes
$625
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$575,000 Listed Price

Map


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1291-1297 Lake Charles Avenue, Porter, IN, 46304 is a Multi-Family Home for sale at $575,000 with a lot size of 0.463. 1291-1297 Lake Charles Avenue has 8 bedrooms, 4.4 baths, and was built in 1993. The property's zip code is 46304 which is in Porter, IN