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Four-Unit Brick Quadplex
For Sale
Under Contract
$399,900

126 E 73rd Avenue, Merrillville, IN 46410

Residential Income, Merrillville, IN

Property SizeContact for details
Days on Market50

Property Features for 126 E 73rd Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1
Parking 8
Directions I65 south to 61st, west to Broadway, north to 73rd, east to property.
Subdivision Indiana - Merrillville
Standard status Active Under Contract
APN 451215152026000030

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7325

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Amenities

central air
in-unit laundry hookups

Building Details

Year built 1966
Building materials Brick
Listing Agency: A.R.E. Partners Inc.
Listed By: Antje Gehrken · License #471002284
Added: Jul 9 Changed: Aug 20 Last Checked: Aug 27 at 11:06AM
MLS# 12701659

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1966 brick quadplex contains four approximately 680-square-foot residences, each configured with 1 bedroom and 1 bathroom. Individual mechanical systems include central air, while in-unit laundry hookups provide added household functionality. Tenants pay electric and gas separately.

Recent property work includes a newer gutter system, sewer pipe replacement, and a cleanout installed in the front yard. HVAC equipment was also replaced in Unit 3. The property is served by public water and public sewer, with natural gas heating.

Key Highlights

  • Four approximately 680 sq. ft. units, each with 1 bedroom and 1 bathroom
  • Individual mechanicals with central air
  • In‑unit laundry hookups; tenants pay electric and gas

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Computer & Electronic Repair Veterinary Clinic Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

340
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick multifamily property with central air and in-unit laundry hookups.
Where is this quadplex located?
The property is located at 126 E 73rd Avenue Merrillville, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four approximately 680 sq. ft. units, each with 1 bedroom and 1 bathroom; Individual mechanicals with central air; In‑unit laundry hookups; tenants pay electric and gas
More about this property
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