Portage Multifamily Investment
6021-55 Canden Ave. 2378-2400 Dixie Dr. 6021-6121 McCasland Ave, Portage, IN 46368
100-unit multifamily property in Portage, Indiana, with renovation upside.
Type:Multifamily
Property size:
96,200 SFPrice / SF:
$145/SF- Added:
- Nov 21, 2025
- Days on Market:
- 178
- Last Refresh:
- Apr 5 at 8:09 pm
Property Features for 6021-55 Canden Ave. 2378-2400 Dixie Dr. 6021-6121 McCasland Ave
General Information
- Standard status
- Active
- Size
- 96,200 SF
- Property subtype
- Multifamily
Listing agent Sean Connelly License #475185960 (773) 899-1334
Listing office 33 Realty (773) 899-1334
Listing date Nov 21, 2025
Source 33realty
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 33 Realty
HighLights
- Opportunity to increase Net Operating Income (NOI) through a proven renovation plan, building upon recent 2022‑2023 remodel.
- Excellent location with easy access to the Portage/Ogden train stop for convenient access to Chicago, and proximity to I‑80.
- Attractive existing cash flow with room to raise rents to market rates, both without rehab and with continued renovations.
- Diverse unit mix of 82 Two Bedroom and 18 One Bedroom units.
- Close proximity (5‑15 minute drive) to the Indiana Dunes National Park and Lake Michigan beaches.
- Located within walking distance of various shops, cafes, restaurants, and grocery stores.
Overview
Canden Crossing is a 100-unit multifamily property in Portage, Indiana. The property, built in 1972 and 1980, features apartments that underwent a significant remodel between 2022 and 2023. The south side of the property includes four larger buildings with concrete balconies and open space. The north side features 13 smaller buildings in a wooded setting. The property offers convenient access to Chicago via rail or road, and to Northwest Indiana. It is located on the east side of Willowcreek Rd, north of I-80, within walking distance of shops, cafes, restaurants, and grocery stores, such as Mark O's Bar & Grill, Another Round Pizza, Big Time Burgers, Walgreens, Ace Hardware, Dunkin Donuts, and the Treatery. The property is serviced by the Metra commuter rail stop at the Portage/Ogden Dunes. It is a 5-minute drive to the Indiana Dunes and beaches. The location provides access to manufacturing, industrial management, production, and logistics job opportunities. The property has an attractive existing cash flow with opportunity to continue proven renovation strategy. The unit mix comprises 82 two-bedroom and 18 one-bedroom units. There is room to raise rents to market without rehab and additional rent attainable with continued rehab plan. The property has easy access to I-80 and the Portage - Ogden train stop. There are 203 surface parking spaces on site. The property is within a 50-minute drive from Midway International Airport. Each building has coin laundry. The property has separately metered electrical and electric baseboard heating. The construction is frame with brick exteriors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Porter
- State
- Indiana
- Longitude
- -87.1819
- Latitude
- 41.5819
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 100-unit multifamily property in Portage, Indiana, with renovation upside.
Where is this apartment building located?
The property is located at 6021-55 Canden Ave. 2378-2400 Dixie Dr. 6021-6121 McCasland Ave Portage, IN.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Opportunity to increase Net Operating Income (NOI) through a proven renovation plan, building upon recent 2022‑2023 remodel.; **Excellent location** with easy access to the Portage/Ogden train stop for convenient access to Chicago, and proximity to I‑80.; Attractive existing cash flow with room to raise rents to market rates, both without rehab and with continued renovations.
