Brick 6-Unit Apartment
1104 169th Street Hammond, IN 46324
For Sale
$875,000
Six 1-bedroom units in a predominantly brick building, with a shared laundry room.
Property Size4,050 SF
Price / SF$216.05
Days on Market114
Property Features for 1104 169th Street
General Information
- Standard status
- Active
- Size
- 4,050 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1965
Listing Agency:
Rose Real Estate, Inc.
(219) 836-2400
Listed By:
Mike Larson
(219) 836-2400
Source:
Compass
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 23 at 2:48PM
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 Rose Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 6-unit apartment building features a mostly brick exterior and offers (6) 1-bedroom apartments. The property includes a common laundry room. Three of the six units have been fully remodeled and updated with new flooring, light fixtures, plumbing fixtures, stainless steel kitchen appliances, and granite countertops. Each apartment is equipped with baseboard heat and an individual air conditioning unit.
Located at 1104 169th Street in Hammond, Indiana, the building is configured as a residential income property with all units contained within the same structure.
Units are separately climate-controlled with individual air conditioning, supported by baseboard heat in each apartment.
Located at 1104 169th Street in Hammond, Indiana, the building is configured as a residential income property with all units contained within the same structure.
Units are separately climate-controlled with individual air conditioning, supported by baseboard heat in each apartment.
Key Highlights
- 6‑unit apartment building with (6) 1‑bedroom units
- Predominantly brick exterior (90% brick) with brick construction materials
- 3 of 6 apartments remodeled with updated flooring, light fixtures, plumbing fixtures, stainless steel appliances, and granite countertops
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.0k | $17.04 |
| − Vacancy | −$3.9k | −$0.95 |
| EGI | $65.1k | $16.09 |
| − OpEx | −$29.3k | −$7.24 |
| NOI | $35.8k | $8.85 |
4,050 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$511.9K
$447.9K – $597.2K
NOI $35,831 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$989.3K – $1.32M
NOI $79,142 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six 1-bedroom units in a predominantly brick building, with a shared laundry room.
Where is this apartment building located?
The property is located at 1104 169th Street Hammond, IN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6‑unit apartment building with (6) 1‑bedroom units; Predominantly brick exterior (90% brick) with brick construction materials; 3 of 6 apartments remodeled with updated flooring, light fixtures, plumbing fixtures, stainless steel appliances, and granite countertops
