135 W 57th Avenue Merrillville, IN 46410
New
- Added:
- Apr 27, 2026
- Days on Market:
- 2
- Last Refresh:
- Apr 28 at 6:06 pm
Property Features for 135 W 57th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 2, Basement, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 1
- Parking
- 4
- Interior features
- Entrance Foyer
- Exterior features
- Balcony
- Basement
- Walk-Out Access, Interior Entry, Storage Space
- Appliances
- Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range
- Standard status
- Active
- APN
- 451204428001000030
- Size
- 4,320 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PT. OF THE W1/2. E1/2. NE. SE. S.4 T.35 R.8 PARCEL 190X131.74FT. EX.N.40FT. & EX W.30 FT.
- Tax Annual Amount
- 8189
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1968
- Floors in Building
- 2
Listing agent Drake Phillips (219) 805-1993
Listing office Better Homes and Gardens Real 1624 Summit St, Crown Point, IN (219) 999-8990
Listing date Apr 27, 2026
MLS# 837842
Listing URL
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Merrillville Four-Unit Investment Opportunity
This fully brick, four-unit multifamily property in Merrillville, Indiana, presents a strong investment opportunity with cash flow potential and value-add upside. Each of the four units features an identical, functional layout with 2 bedrooms, 1 bathroom, and approximately 1,080 square feet of living space. One unit has been updated with additional improvements. Current rents are below market value, offering immediate upside for investors. Situated on a corner lot, the property is located minutes from a main corridor with shopping, dining, and everyday conveniences. Each unit includes a private rear balcony and an attached garage space accessed through a drive-down basement. The property includes a mix of long-term and newer tenants, offering both stability and opportunity for rental growth. Tenants are responsible for their own heat and electric, while the owner covers water, sewage, and common utilities. The property sits on a 0.485-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.338181
- Latitude
- 41.514318
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully brick 4-unit property with cash flow and value-add potential.
Where is this quadplex located?
The property is located at 135 W 57th Avenue Merrillville, IN.
What is the asking price?
The asking price for this property is $584,900.
What are key features of this property?
This property features: Strong cash flow potential with value‑add upside due to below‑market rents.; Each unit features 2 bedrooms and 1 bathroom, offering approximately 1,080 square feet.; Attached garage space for each unit accessed through a drive‑down basement.
