Updated Brick
For Sale
$149,950
Pending
4757 Catalpa Avenue, Hammond, IN 46327
Residential, Hammond, IN
Property Size860 SF
Lot Size0.07 Acres
Days on Market57
Property Features for 4757 Catalpa Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Basement, Kitchen, Bathroom 1, Bedroom 2
Interior features
Granite Counters
Basement
Sump Pump, Unfinished
Appliances
Dryer, Washer, Refrigerator, Range
Subdivision
Stafford & Trankles Central Calumet Add
Lot features
Few Trees
Directions
Columbia to Hoffman to Catalpa
Standard status
Pending
APN
450330456003000023
Size
860 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
STAFFORD & TRANKLES CENTRAL CALUMET ADD. N'LY PT. L.31 N'LY PT.W. 9FT 2IN. L.32 '67.15X -- X 68.27 X 41FT.8IN.'
Tax Annual Amount
2336
Legal Description
STAFFORD & TRANKLES CENTRAL CALUMET ADD. N'LY PT. L.31 N'LY PT.W. 9FT 2IN. L.32 '67.15X -- X 68.27 X 41FT.8IN.'
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Listing Agency:
Prestige Real Estate LLC
(219) 999-9211
Listed By:
Adrien Chabot
(219) 741-0366
Added: Aug 25
Changed: Sep 15
Last Checked: Oct 20 at 9:06AM
MLS# 844303
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.
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Investment Insights
Based on property information with market context.
This brick duplex was built in 1952 and offers 860 square feet on a 0.066-acre lot. The interior includes two bedrooms, one bathroom, a kitchen, and a basement. Recent improvements include refinished hardwood flooring, a remodeled kitchen with granite countertops and stainless steel appliances, an updated bathroom, vinyl replacement windows, and new drain tile completed in 2026.
The property is served by public water and public sewer and uses forced-air heating. Included appliances are a range, refrigerator, washer, and dryer. Its compact lot and updated interior provide a straightforward residential income configuration in Hammond.
The property is served by public water and public sewer and uses forced-air heating. Included appliances are a range, refrigerator, washer, and dryer. Its compact lot and updated interior provide a straightforward residential income configuration in Hammond.
Key Highlights
- Brick duplex built in 1952
- 860 square feet on a 0.066‑acre lot
- Two bedrooms, one bathroom, kitchen, and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,550
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,000
$171.0K
Cap Rate 7%
$122,143
$122.1K
Cap Rate 9%
$95,000
$95.0K
Market Conditions
NOI Build-Up for 860 SF
Gross rent
$12.9K $15.00/SF
− Vacancy
−$686 −$0.80/SF
EGI
$12.2K $14.20/SF
− OpEx
−$3.7K −$4.26/SF
NOI
$8.5K $9.94/SF
Area
Lake County, IN
Vacancy
5.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,000
Cap Rate 7%
$122,143
Cap Rate 9%
$95,000
Alternative Uses
Best Use
Multifamily LT 5
$122.1K
$106.9K – $142.5K
NOI $8,550 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$108.7K
$95.1K – $126.8K
NOI $7,609 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$240.1K
$210.1K – $280.1K
NOI $16,805 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
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Business Placement
Demographics for 46327, IN
11,078
Population
4,389
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
77%
High-School Grad
4.6 sq mi
ZIP Area
2,408
Density / Sq Mi
$50,457
Median Household Income
$30,939
Median Earnings
$1,133
Median Rent
$116,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Brick residential income property with refreshed interiors, public utilities, and a basement.
Where is this duplex located?
The property is located at 4757 Catalpa Avenue Hammond, IN.
What is the asking price?
The asking price for this property is $149,950.
What are key features of this property?
This property features: Brick duplex built in 1952; 860 square feet on a 0.066‑acre lot; Two bedrooms, one bathroom, kitchen, and basement
