0 Maria Rene Porter, IN 46304
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.