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Brick Multifamily Building
For Sale
$135,000
Pending

517 W Columbus Drive, East Chicago, IN 46312

Brick construction, separate metering, and dedicated storage/laundry support the property’s existing multifamily configuration.

Property Size1,428 SF
Days on Market549

Property Features for 517 W Columbus Drive

General Information

Standard status Pending
Size 1,428 SF
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $1,510

Amenities

storage/laundry area

Building Details

Year Built 1927
Buildings 1
Construction brick
Listing Agency: Integrity Realty Partners
Listed By: Angela Manning · License #RB17000786
Source: Exitrealty
Added: Mar 3, 2025 Changed: Sep 2 Last Checked: Sep 2 at 5:08PM

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 Integrity Realty Partners

Investment Insights

Based on property information with market context.

Built in 1927, this brick multifamily property includes a first-level one-bedroom unit with room to expand into a two-bedroom layout. Hardwood flooring adds a durable interior feature, while separate metering supports distinct utility management.

The building includes two boiler furnaces and two water heaters, along with a large storage and laundry area. Located at 517 W Columbus Drive in East Chicago, the property offers a defined multifamily configuration with additional flexibility in the first-level unit.

Key Highlights

  • Brick multifamily building constructed in 1927
  • First‑level one‑bedroom unit can be expanded into a two‑bedroom layout
  • Hardwood floors

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Nail Salon Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Spa & Massage Center

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

219
Businesses Nearby

Demographics for 46312, IN

26,370
Population
12,429
Households
2.1
Avg Household Size
33
Median Age
10%
College-Educated
74%
High-School Grad
14.0 sq mi
ZIP Area
1,884
Density / Sq Mi
$41,071
Median Household Income
$32,930
Median Earnings
$820
Median Rent
$92,400
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?
Multifamily property - Brick construction, separate metering, and dedicated storage/laundry support the property’s existing multifamily configuration.
Where is this multifamily property located?
The property is located at 517 W Columbus Drive East Chicago, IN.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Brick multifamily building constructed in 1927; First‑level one‑bedroom unit can be expanded into a two‑bedroom layout; Hardwood floors
More about this property
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