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540 165th ST Hammond, IN 46324
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Key Details
Sold Price $187,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,229 sqft
Price per Sqft $30
Subdivision F B Halls
MLS Listing ID 841327
Sold Date 07/31/26
HOA Y/N No
Year Built 1941
Annual Tax Amount $4,100
Tax Year 2025
Lot Size 6,229 Sqft
Acres 0.143
Property Sub-Type Duplex
Property Description
Opportunity is knocking in the rapidly growing City of Hammond! This solid all-brick two-unit income property offers the perfect blend of investment potential, anyone seeking a multi family opportunity or long-term value, whether you're an investor looking to expand your portfolio or an owner-occupant ready to build equity while generating rental income. With separate entrances, a shared foyer, and privacy between units, this property provides flexibility for a variety of living and investment scenarios. The main level unit features 2 spacious bedrooms, a large eat-in kitchen with ample room for dining, a walk-in shower, and newer appliances. Upstairs, the second unit offers 1 bedroom, a full bath, also newer appliances and a generously sized eat-in kitchen, creating a comfortable and functional layout. An unfinished full basement provides abundant storage space and offers additional possibilities for future use. Outside, the private parking lot accommodates up to 6 vehicles, a valuable convenience for tenants and owners alike. Ideally located near major interstates with easy access to Chicago, public transportation, restaurants and shopping, this property offers easy access for commuters while remaining close to everything Hammond has to offer. Adding even more potential, the building was originally a commercial property and may offer the possibility of conversion back to commercial use. Properties with this level of flexibility, income potential, and location don't come around often. Whether you're looking to invest, occupy, or explore future opportunities, this is one you won't want to miss. Schedule your showing today and see firsthand all the possibilities this unique property has to offer!
Location
State IN
County Lake
Rooms
Basement Full, Unfinished, Storage Space, Interior Entry
Interior
Interior Features Entrance Foyer, Soaking Tub, Laminate Counters, Eat-in Kitchen
Heating Hot Water, Natural Gas
Fireplace N
Appliance Gas Range, Stainless Steel Appliance(s), Refrigerator, Gas Water Heater
Exterior
Parking Features Additional Parking, Off Street, Gravel, Alley Access
View Y/N true
View City, Neighborhood
Building
Lot Description Back Yard, Near Public Transit, Front Yard, Few Trees
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Hammond
Others
Tax ID 450612202004000023
Acceptable Financing NRA20260604063611256322000000
Listing Terms NRA20260604063611256322000000
Financing Cash
Pets Allowed Yes
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Bought with Realty Executives Premier
Nearby Locations
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