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For sale
Residential income properties
IN
Griffith
46319
1017 N Woodlawn Avenue

Updated Townhome with Den

1017 N Woodlawn Avenue, Griffith, IN 46319

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For Sale

$270,000

Open concept, 2 bed, 2 bath townhome near Chicago.

Type:Condo/Townhome

Property size:

1,540 SF

Lot size:

0.12 Acres

Price / SF:

$175/SF

HighLights

Maintenance‑free living with HOA covering lawn care, snow removal, and exterior building maintenance.
Updated with recent upgrades: Appliances (2020), Flooring (2021), Hot Water Heater (2024), Shower Door (2024), Ceiling Fans (2025).
Open concept layout with 2 bedrooms, 2 bathrooms, and a den.
Spacious living room with vaulted ceiling and luxury vinyl flooring.
Large 2‑car garage with additional storage.
Convenient location with easy access to Chicago and close proximity to restaurants, retail shops, and grocery stores.

We can help!

Contact an agent

Panagiota Swatosh

For Sale

$270,000

Open concept, 2 bed, 2 bath townhome near Chicago.

Type:Condo/Townhome

Property size:

1,540 SF

Lot size:

0.12 Acres

Price / SF:

$175/SF

Added:: Feb 24, 2025
Days on Market:: 497
Last Refresh:: Apr 6 at 2:30 am

Property Features for 1017 N Woodlawn Avenue

General Information

Standard status: Active
Size: 1,540 SF
Lot size: 0.12 Acres
Property subtype: Condo/Townhome

Building Details

Year Built: 2005

We can help!

Contact an agent

Panagiota Swatosh

Listing office Century 21 Circle

Listing date Feb 24, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Circle

HighLights

Maintenance‑free living with HOA covering lawn care, snow removal, and exterior building maintenance.
Updated with recent upgrades: Appliances (2020), Flooring (2021), Hot Water Heater (2024), Shower Door (2024), Ceiling Fans (2025).
Open concept layout with 2 bedrooms, 2 bathrooms, and a den.
Spacious living room with vaulted ceiling and luxury vinyl flooring.
Large 2‑car garage with additional storage.
Convenient location with easy access to Chicago and close proximity to restaurants, retail shops, and grocery stores.

Overview

This updated townhome features an open concept layout with two bedrooms, two bathrooms, and a den, offering one-level, maintenance-free living. The spacious living room includes a vaulted ceiling and luxury vinyl flooring. The kitchen is designed to be airy, providing ample cabinet space. The main bedroom suite features his and hers closets. A second bedroom and a sizeable den are also included. The laundry room is located off the kitchen and provides access to the large two-car garage, which also offers additional storage space. Appliances were updated in 2020, flooring in 2021, the hot water heater in 2024, the shower door in 2024, and ceiling fans are planned for 2025. The Homeowners Association covers lawn care, snow removal, and exterior building maintenance. The property is situated near a vibrant retail corridor with an abundance of restaurants, a variety of retail shops, and grocery stores, with easy proximity to the City of Chicago and transportation. The property size is 1540 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$26.2k	$17.04
− Vacancy	−$1.5k	−$0.95
EGI	$24.8k	$16.09
− OpEx	−$11.1k	−$7.24
NOI	$13.6k	$8.85

1,540 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$194.6K

$170.3K – $227.1K (±1% cap)

NOI $13,625 @ 7.0% cap · market cap 5.05%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$429.9K

$376.2K – $501.6K (±1% cap)

NOI $30,094 @ 7.0% cap · market cap 11.15%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Griffith
County: Lake
State: Indiana
Longitude: -87.4309397
Latitude: 41.539711

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For sale
Residential income properties
IN
Griffith
46319
1017 N Woodlawn Avenue

What type of property is this?

Residential income property - Open concept, 2 bed, 2 bath townhome near Chicago.

Where is this residential income property located?

The property is located at 1017 N Woodlawn Avenue Griffith, IN.

What is the asking price?

The asking price for this property is $270,000.

What are key features of this property?

This property features: Maintenance‑free living with HOA covering lawn care, snow removal, and exterior building maintenance.; Updated with recent upgrades: Appliances (2020), Flooring (2021), Hot Water Heater (2024), Shower Door (2024), Ceiling Fans (2025).; Open concept layout with 2 bedrooms, 2 bathrooms, and a den.