Average square foot calculated using Size range provided by listing agent.
Description
Multi-Faceted Investment Opportunity!Located just minutes from vibrant 119th Street, Whihala Beach on Lake Michigan, and Calumet College of St. Joseph, this property offers an incredible opportunity for both current income and future development.Sale Includes:Two separate, spacious homesA 10+ car parking lotAdditional vacant lots to the East and West -- offering the potential to build additional homes or other structures!The city is open to proposals for new construction on the vacant land, offering even more potential. Both homes are currently occupied by long-term tenants on month-to-month leases.Property Details:2142 (rented at 1, 525/month): 3 bedrooms, 2 full bathrooms (one in the hobby space), a large eat-in kitchen, family room, hobby space, and in-unit laundry.2144 (rented at 1, 555/month): 6 bedrooms, 2 full bathrooms (one on each level), freshly painted with new flooring. The main floor features a kitchen, living room, and 3 bedrooms (including one with a walk-in closet). Upstairs includes a large family room, 3 additional bedrooms, and in-unit laundry.One water bill is covered by the owner; tenants are responsible for their own NIPSCO (gas and electric) bills.With 3, 080/month in rental income already coming in, you can take your time designing future developments while generating steady cash flow. The ample parking and flexible zoning potential make this a truly compelling investment!Show Description
MLS® Number823558
Laundry LevelGas Dryer Hookup, Washer Hookup
Central VacNo
FireplaceNo
Acreage0.83
ExteriorNone
GarageNo
Approx. Age1922
Basement
DrivewayAdditional Parking, On Street, Gravel
Garage Spaces
HeatForced Air, Natural Gas
A/C
Heating Fuel
Extras
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