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Three-Unit Property with Garage
For Sale
Contact for pricing
Pending

5716 Calumet Ave, Hammond, IN 46320

Income-producing residential property with a four-bedroom house, two one-bedroom apartments, basement, and additional parking.

Property SizeContact for details
Days on Market140

Property Features for 5716 Calumet Ave

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 1 x 4BR/2BA, 2 x 1BR/1BA
Multifamily Units 3

Additional Details

Cap Rate 15%
Highway Access Yes
Listing Agency: McCormick Real Estate
Listed By: Jeff Mccormick · License #IN RB14033291
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 7:36PM

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 McCormick Real Estate

Investment Insights

Based on property information with market context.

The property at 5716 Calumet Ave includes a four-bedroom, two-bathroom front house with a basement and a separate two-unit apartment building. Each apartment contains one bedroom and one bathroom. The site also provides a one-car garage and additional parking along the side drive, creating a three-unit residential configuration with varied floor plans.

The Hammond property is positioned near shops and entertainment, with access to I-80/94 and the Illinois state line. A reported gross cap rate of 15% adds an important investment metric for evaluating the asset. The combined layout offers a house and two apartments within one property, supporting multiple residential income streams without including rental-rate details in the listing copy.

Key Highlights

  • Three‑unit configuration with one four‑bedroom house and two one‑bedroom apartments
  • Front house includes 4 bedrooms, 2 bathrooms, and a basement
  • Both apartments offer 1 bedroom and 1 bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Dental Office Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

442
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Income-producing residential property with a four-bedroom house, two one-bedroom apartments, basement, and additional parking.
Where is this triplex located?
The property is located at 5716 Calumet Ave Hammond, IN.
What are key features of this property?
This property features: Three‑unit configuration with one four‑bedroom house and two one‑bedroom apartments; Front house includes 4 bedrooms, 2 bathrooms, and a basement; Both apartments offer 1 bedroom and 1 bathroom
(219) 613-5643 Call to check price and availability
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