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Remodeled Duplex With Tenant
For Sale
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1248 Indiana Street, Hammond, IN 46320

Two distinct residences offer a mix of updated finishes and established occupancy for a flexible rental arrangement.

Property SizeContact for details
Days on Market144

Property Features for 1248 Indiana Street

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Realty Executives Premier
Listed By: Manuel Hernandez
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:07PM

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 Realty Executives Premier

Investment Insights

Based on property information with market context.

This duplex contains two separate one-bedroom, one-bath residences. The rear unit has undergone a complete remodel with contemporary finishes, while the front unit is occupied by a long-term tenant. The configuration supports separate residential use within one property and offers an existing rental component alongside a recently updated unit.

Located at 1248 Indiana Street in Hammond, Indiana, the property is presented for sale as a two-unit residential asset. Its combination of renovated space and current occupancy provides a straightforward setup for continued rental use or an owner-occupant arrangement.

Key Highlights

  • Two separate one‑bedroom, one‑bath units
  • Rear residence completely remodeled with modern finishes
  • Front unit occupied by a long‑term tenant

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Skin Care Clinic Bakery

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

Location Intelligence

Trade Area within ½ mile

201
Businesses Nearby

Demographics for 46320, IN

14,514
Population
6,236
Households
2.3
Avg Household Size
33
Median Age
12%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
3,088
Density / Sq Mi
$35,706
Median Household Income
$24,499
Median Earnings
$853
Median Rent
$115,300
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?
Duplex - Two distinct residences offer a mix of updated finishes and established occupancy for a flexible rental arrangement.
Where is this duplex located?
The property is located at 1248 Indiana Street Hammond, IN.
What are key features of this property?
This property features: Two separate one‑bedroom, one‑bath units; Rear residence completely remodeled with modern finishes; Front unit occupied by a long‑term tenant
More about this property
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