Current Use by Public Records
- Land
Property Details for 0 Maria Rene
- Property type
- Land
Description
This exceptional 11-acre parcel in Chesterton, Indiana represents the final phase of the highly successful Rose Hill Estates residential development. Fully engineered and approved for 44 townhome units across 13 structures, this opportunity offers immediate development potential. The property boasts a high density of approximately 3.98 units per acre, maximizing land utilization and return on investment. Utilities are already stubbed to the site, streamlining the construction process. Previous phases sold out within five years, demonstrating strong market demand in the rapidly growing Northwest Indiana area, attracting residents and businesses from neighboring Illinois. This offering includes the transfer of developer rights and potential control of the Homeowners Association. The property's APN is 64-06-02-454-004.000-023, and the asking price is $616,000. Annual property taxes are $481.68. This is a rare chance to capitalize on a proven, fully engineered multifamily project in a thriving market. The total number of units across all phases of Rose Hill Estates is 72.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Porter
- County
- Porter
- State
- Indiana
- Longitude
- -87.0759
- Latitude
- 41.595
