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Three-Home Multifamily Property
For Sale
Contact for pricing
Pending

5653 Columbia Ave, Hammond, IN 46320

Three residences are paired with a vacant automotive-use lot, garage, office, lift, and compressor in Hammond, Indiana.

Property SizeContact for details
Days on Market144

Property Features for 5653 Columbia Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 3
Listing Agency: Advanced Real Estate, LLC
Listed By: Kristin Trzoski · License #RB14036260
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 7:42AM

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 Advanced Real Estate, LLC

Investment Insights

Based on property information with market context.

This multifamily property in Hammond, Indiana includes three separate homes along with a vacant used car lot. The associated garage and office provide additional commercial-use improvements, and the garage contains a car lift and compressor. The property was previously used by a local automobile dealership.

One residence is owner occupied, while a second is leased to a long-term tenant. The third home is undergoing updates and is expected to be available for rent soon. The combination of residential units and existing automotive-related improvements creates a varied property configuration at 5653 Columbia Ave.

Key Highlights

  • Three homes included in the multifamily property
  • Vacant used car lot with garage and office
  • Garage equipped with a car lift and compressor

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Skin Care Clinic Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

326
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

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 - Three residences are paired with a vacant automotive-use lot, garage, office, lift, and compressor in Hammond, Indiana.
Where is this multifamily property located?
The property is located at 5653 Columbia Ave Hammond, IN.
What are key features of this property?
This property features: Three homes included in the multifamily property; Vacant used car lot with garage and office; Garage equipped with a car lift and compressor
More about this property
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