Description
ATTENTION INVESTORS!! Close proximity to the Illinois/Indiana Border, the Hammond Academy of Science & Technology, Franciscan Health Centers, dining, and shopping. The future expansion of the South Shore Line's West Lake Corridor Line coming through the area makes this an amazing opportunity to generate income! Hammond's rejuvenation makes this a desirable investment.Main Level is split into (2)-1BR, 1BA units in the front and back (525 ft2 each) (Possible Income of $750/mo each). Full, partially finished basement (1050 ft2), perfect for additional rental space for tenant storage and coin-op laundry facilities. Nice back yard with a LARGE 2.5-3 car garage in back can be rented out to tenants for storage as well.All units currently rented to family members at discounted rates, so rent rolls will not be helpful in determining profitability/CAP Rates.
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2BEDS
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0.17ACRES
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2BATHS
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01/2 BATHS
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1,225SQFT
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$98$/SQFT
School Ratings & Info
Description
ATTENTION INVESTORS!! Close proximity to the Illinois/Indiana Border, the Hammond Academy of Science & Technology, Franciscan Health Centers, dining, and shopping. The future expansion of the South Shore Line's West Lake Corridor Line coming through the area makes this an amazing opportunity to generate income! Hammond's rejuvenation makes this a desirable investment.Main Level is split into (2)-1BR, 1BA units in the front and back (525 ft2 each) (Possible Income of $750/mo each). Full, partially finished basement (1050 ft2), perfect for additional rental space for tenant storage and coin-op laundry facilities. Nice back yard with a LARGE 2.5-3 car garage in back can be rented out to tenants for storage as well.All units currently rented to family members at discounted rates, so rent rolls will not be helpful in determining profitability/CAP Rates.
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