Hampshire Park Apartment
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For Sale
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400 N Lake Park Ave, Hobart, IN 46342
Garden-style multifamily property with one- and two-bedroom homes and a renovated pool amenity.
Property Size226,188 SF
Days on Market7
Property Features for 400 N Lake Park Ave
General Information
Standard status
Active
Size
226,188 SF
Class
B
Property subtype
Multifamily
Occupancy
98%
Investment Type
Value Add
Additional Details
Highway Access
Yes
Multifamily Units
186
Amenities
pool
Building Details
Year Built
1972
Buildings
8
Units
186
Tenancy
Multi
Construction
garden-style
Listing Agency:
JLL Chicago | North Riverside Plaza
Listed By:
Jeremy Weinstock · License #475.186598
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 19 at 10:22PM
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 JLL Chicago | North Riverside Plaza
Investment Insights
Based on property information with market context.
Hampshire Park is a 186-home garden-style apartment community at 400 N Lake Park Ave in Hobart, Indiana. The property was built in 1972 and contains 226,188 square feet, with one- and two-bedroom floor plans averaging 1,216 square feet. Community amenities include a pool, while renovated homes feature new flooring, stainless steel appliances, and new cabinetry. Ownership has completed renovations in 13% of the homes, leaving 162 homes, or 87%, outside that program.
The property is located approximately 40 miles southeast of Chicago and 45 minutes from downtown Chicago, with access to I-65. The surrounding area includes regional employers, shopping centers, and downtown Hobart. Hampshire Park recorded 98% average economic occupancy during the last five months, and effective rental income increased 7% from the July T12 to T1 period.
The property is located approximately 40 miles southeast of Chicago and 45 minutes from downtown Chicago, with access to I-65. The surrounding area includes regional employers, shopping centers, and downtown Hobart. Hampshire Park recorded 98% average economic occupancy during the last five months, and effective rental income increased 7% from the July T12 to T1 period.
Key Highlights
- 186‑home garden‑style apartment community in Hobart, Indiana
- 226,188‑square‑foot property built in 1972
- One- and two‑bedroom layouts average 1,216 square feet
Property Analytics
Property Profile
Current Use
Lease Details
186
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 46342, IN
32,540
Population
13,774
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
93%
High-School Grad
35.0 sq mi
ZIP Area
930
Density / Sq Mi
$72,163
Median Household Income
$41,574
Median Earnings
$1,110
Median Rent
$193,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style multifamily property with one- and two-bedroom homes and a renovated pool amenity.
Where is this apartment building located?
The property is located at 400 N Lake Park Ave Hobart, IN.
What are key features of this property?
This property features: 186‑home garden‑style apartment community in Hobart, Indiana; 226,188‑square‑foot property built in 1972; One- and two‑bedroom layouts average 1,216 square feet
