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Chesterton, IN Apartment Buildings for Sale

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Glen Carbon, IL Porter, IN Burns Harbor, IN Valparaiso, IN Portage, IN Michigan City, IN Beverly Shores, IN Westville, IN
All-Brick Fully Leased 12-Unit
Updated: Apr 9
All-Brick Fully Leased 12-Unit

1623 Portage Ave, Chesterton, IN 46304

$1,800,000
All‑brick, fully occupied 12‑unit apartment building (built 1966) with 2BD/1BA and 1BD/1BA units
Unit mix: 10 two‑bedroom/one‑bath units and 2 one‑bedroom/one‑bath units
9 of 12 apartments updated/remodeled in recent years
Improvements since 2011 include new roof, gutters, and windows
Separate utilities: each apartment is individually metered for NIPSCO and water/sewer
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Chesterton, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

9-Unit Apartment Building
9-Unit Apartment Building

205 Michigan Avenue, Valparaiso, IN 46383

$1,160,000
9,246 sqft 0.20 AC lot

Studio through 3-bedroom apartments with landlord-paid water and heat in a well-maintained 9-unit building.

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Downtown Mixed-Use Building with Retail
Downtown Mixed-Use Building with Retail

521 Franklin St, Michigan City, IN 46360

$1,590,000
21,057 sqft

Ten-unit property combines street-level commercial space with apartments near arts district retail and dining.

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Charming Multifamily Property in Valparaiso
Charming Multifamily Property in Valparaiso

205 Michigan Avenue, Valparaiso, IN 46383

$1,160,000
9,246 sqft

Well-maintained 9-unit property with diverse unit mix in Valparaiso.

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Five-Unit Apartment Building
Five-Unit Apartment Building

320 E 8th, Michigan City, IN 46360

$450,000
0.16 AC lot

Five-unit multifamily building with one efficiency, three 1-bedroom units, and one 2-bedroom unit.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Retail-Zoned Development Land Opportunity
Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000
29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900
1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Chesterton, IN Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Chesterton, IN on our real estate platform.

Sale prices for two-family homes in Chesterton, IN average $1,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 27K
Population Growth (5Y) +10.0%
Median Household Income $88,551
College Educated 45.6%

High-Yield Neighborhoods for Investment

Identify Chesterton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
46304 $1.8M

Taxes & Financing

Tax Rate (average for all types) 2.29%
Property Tax per SF $45.81 per SF
Tax Rate vs County Average 0.10 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Porter County

New Delisted

Total CRE Inventory on Market (SF)

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