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15-Unit Apartment Building

227 Carroll Street, Hammond, IN 46320

For Sale
Contact for pricing

Updated apartment interiors complement a unit mix weighted toward two-bedroom homes.

Property SizeContact for details
Days on Market33

Property Features for 227 Carroll Street

General Information

Standard status Active
Total Parking Spaces 17
Property subtype Multifamily

Units

Unit Mix 13 x 2BR/1BA, 1 x 1BR, 1 x studio
Multifamily Units 15

Amenities

common laundry area

Building Details

Year Built 1930
Buildings 1
Stories 4
Construction brick and block
Listing Agency: Diversified Commercial Real Estate
Listed By: Mike Larson · License IN RB14030764
Source: Crexi
Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 4:16PM

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 Diversified Commercial Real Estate

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

At 227 Carroll Street in Hammond, this four-story, 15-unit apartment building has a brick and block exterior and updated apartment interiors. The mix includes 13 two-bedroom, one-bath apartments, one one-bedroom apartment, and one studio. Select homes feature granite kitchen countertops and stainless-steel appliances; electric heat serves each apartment, and some units have window air-conditioning.

Key Highlights

  • 13 two‑bedroom, one‑bath apartments, plus one one‑bedroom apartment and one studio
  • Four‑story building with brick and block exterior
  • 17 on‑site parking spaces

Property Analytics

Lease Details

15
Residential units

Location Intelligence

Trade Area within ½ mile

1,138
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

Average Price Trend$/SF for Apartment buildings in Lake County, IN

$151 Jul
$135 Aug
$119 Sep
$107 Oct

Properties on Market for Apartment buildings in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Updated apartment interiors complement a unit mix weighted toward two-bedroom homes.
Where is this apartment building located?
The property is located at 227 Carroll Street Hammond, IN.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 13 two‑bedroom, one‑bath apartments, plus one one‑bedroom apartment and one studio; Four‑story building with brick and block exterior; 17 on‑site parking spaces
(219) 836-4911 Call to check price and availability
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