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About 428 Kenwood Street, Hammond, Indiana, 46324
Turnkey 5-Unit Multifamily Investment Opportunity Excellent opportunity to own a fully functional 5-unit apartment building with strong rental income in place. Four of the five units are currently tenant-occupied, generating immediate cash flow. The fifth unit--located in the basement--has just been completely remodeled and officially approved by the City of Hammond, adding even more value and income potential to the property.Strategically located just minutes from the Illinois border and in close proximity to the City of Chicago, this property is ideal for investors looking to expand their portfolio with a low-maintenance, income-producing asset.Each unit is individually metered for electric and cooking gas, with tenants responsible for their own utility costs. This setup simplifies management and enhances profitability.Don't miss out on this well-maintained building in a high-demand rental market.
Water Source : Public
Sewer Source : Public Sewer
Parking Features : On Street
Security Features : Smoke Detector(s)
Lot Size Source : Assessor
Heating : Forced Air
Interior Features: None
Basement Description : Finished
Appliances : Refrigerator
Water Source : Public
Sewer Source : Public Sewer
Parking Features : On Street
Security Features : Smoke Detector(s)
Lot Size Source : Assessor
Heating : Forced Air
Interior Features: None
Basement Description : Finished
Appliances : Refrigerator

Street Address: 428 Kenwood Street
City: Hammond
State: Indiana
Postal Code: 46324
Directions: Take ramp onto I-80 W/I-94 W (Borman Expy) toward Chicago, thenTake exit 1 toward Calumet Ave onto US-41 N (Calumet Ave), then turn left onto 165th St. then Turn right onto Garfield Ave, end at 428 Garfield

Property Information :
Listing Status: Active
Size: 3,840 Sqft
MLS #: 820735
Price: $479,900
Tax Amount: 4674.1
Construction Status: Built in 1935
Last Modified : Jun 10 2025 8:05PM

Courtesy of: , Favela Real Estate, LLC (MLS# NRA2318)
Source MLS: NIRA