8-Unit Apartment
For Sale
Contact for pricing
Pending
1080-1090 W 85th Avenue, Merrillville, IN 46410
Class A rental property with updated exteriors, modern finishes, and efficient two-bedroom layouts.
Property SizeContact for details
Days on Market166
Property Features for 1080-1090 W 85th Avenue
General Information
Standard status
Pending
Class
Class A
Property subtype
Multifamily
Financials
Cap Rate
7.2%
Average Monthly Rent
$1,550
Units
Unit Mix
8 x 2BR/1.5BA
Multifamily Units
8
Amenities
stainless steel appliances
washer/dryer hookups
Building Details
Year Built
1999
Year Renovated
2021
Listing Agency:
Ellsbury Group
(219) 805-5200
Listed By:
Tariq Suboh · License #RB20000815
Source:
Crexi
Added: Mar 19
Changed: Aug 30
Last Checked: Aug 30 at 7:50AM
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 Ellsbury Group
Investment Insights
Based on property information with market context.
This 8-unit multifamily property was built in 1999 as condominium units and offers approximately 1,100 square feet per residence. Each apartment includes a two-bedroom, 1.5-bath layout, modern finishes, stainless steel appliances, and washer/dryer hookups. Exterior improvements completed in 2021 included the roof, windows, siding, and gutters.
Located in Merrillville, Indiana, the property is positioned within the Northwest Indiana rental market. Residents are responsible for electricity and gas/heat, while ownership covers common electric, trash, and water. The asset has an average 7.2 percent Day-1 cap rate.
Located in Merrillville, Indiana, the property is positioned within the Northwest Indiana rental market. Residents are responsible for electricity and gas/heat, while ownership covers common electric, trash, and water. The asset has an average 7.2 percent Day-1 cap rate.
Key Highlights
- 8‑unit multifamily property built in 1999
- Approximately 1,100 square feet per unit with two‑bedroom, 1.5‑bath floor plans
- 2021 exterior upgrades include roof, windows, siding, and gutters
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
Explore this area
Business Placement
Demographics for 46410, IN
39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Class A rental property with updated exteriors, modern finishes, and efficient two-bedroom layouts.
Where is this apartment building located?
The property is located at 1080-1090 W 85th Avenue Merrillville, IN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8‑unit multifamily property built in 1999; Approximately 1,100 square feet per unit with two‑bedroom, 1.5‑bath floor plans; 2021 exterior upgrades include roof, windows, siding, and gutters
