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65-Unit Apartment Portfolio

9627 FORREST DR, Highland, IN 46322

For Sale
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The offering combines three apartment properties in Griffith and Highland, with one- and two-bedroom layouts.

Property SizeContact for details
Lot Size2.33 Acres
Days on Market29

Property Features for 9627 FORREST DR

General Information

Standard status Active
Lot size 2.33 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 65

Building Details

Buildings 6
Listing Agency: XMARK Midwest
Listed By: Carter Piper · License IN RB24000949
Source: Crexi
Added: Oct 12 Changed: Nov 8 Last Checked: Nov 8 at 5:45PM

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 XMARK Midwest

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Investment Insights

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This multifamily portfolio brings together 65 apartments in six buildings across approximately 2.33 acres. The properties are Danrick Apartments at 1010 W Pine Street in Griffith, Candlelight Court Apartments at 10029 Kennedy Avenue in Highland, and Lorain Apartments at 9627 Forrest Drive in Highland. Their unit mix includes one- and two-bedroom apartments, with sizes ranging from approximately 700 to 900 square feet. One-bedroom units are approximately 700 to 725 square feet, while two-bedroom units are approximately 850 to 900 square feet.

The three properties are located in Griffith and Highland, Indiana, in Northwest Indiana. Together, they comprise a portfolio of 65 multifamily units.

Key Highlights

  • 65 apartments across six buildings
  • Three properties in Griffith and Highland, Indiana
  • Approximately 2.33 acres across the portfolio

Property Analytics

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Lease Details

65
Residential units

Location Intelligence

Trade Area within ½ mile

475
Businesses Nearby

Demographics for 46322, IN

23,984
Population
10,791
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,476
Density / Sq Mi
$76,219
Median Household Income
$47,458
Median Earnings
$1,202
Median Rent
$219,500
Median Home Value
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Market

Average Price Trend$/SF for Apartment buildings in Lake County, IN

$151 Jul
$135 Aug
$119 Sep
$107 Oct

Properties on Market for Apartment buildings in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The offering combines three apartment properties in Griffith and Highland, with one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 9627 FORREST DR Highland, IN.
What are key features of this property?
This property features: 65 apartments across six buildings; Three properties in Griffith and Highland, Indiana; Approximately 2.33 acres across the portfolio
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