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5-Unit Apartment Building
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428 Kenwood Street, Hammond, IN 46324

Five-unit building with four occupied apartments and a recently remodeled, city-approved basement unit.

Property SizeContact for details
Days on Market142

Property Features for 428 Kenwood Street

General Information

Standard status Active
Property subtype Multifamily
Occupancy 80%

Additional Details

Multifamily Units 5

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Favela Real Estate, LLC
Listed By: Cirilo Favela
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 1:57PM

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 Favela Real Estate, LLC

Investment Insights

Based on property information with market context.

This five-unit apartment building includes four tenant-occupied apartments and a basement unit that has been fully remodeled and approved by the City of Hammond. The configuration provides an existing residential income component alongside a newly updated unit.

Each apartment has separate electric and cooking-gas metering, with residents responsible for their own utility costs. The property is located in Hammond, near the Illinois border and within proximity to Chicago.

Key Highlights

  • 5‑unit apartment building
  • Four of five units are tenant‑occupied
  • Basement unit recently completely remodeled

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Law Firm Computer & Electronic Repair Electrical Service

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

5
Residential units
80%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

504
Businesses Nearby

Demographics for 46324, IN

22,611
Population
9,427
Households
2.4
Avg Household Size
36
Median Age
15%
College-Educated
86%
High-School Grad
4.4 sq mi
ZIP Area
5,139
Density / Sq Mi
$61,118
Median Household Income
$38,457
Median Earnings
$1,157
Median Rent
$141,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Five-unit building with four occupied apartments and a recently remodeled, city-approved basement unit.
Where is this apartment building located?
The property is located at 428 Kenwood Street Hammond, IN.
What are key features of this property?
This property features: 5‑unit apartment building; Four of five units are tenant‑occupied; Basement unit recently completely remodeled
(219) 512-2584 Call to check price and availability
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