6231 Madison Ave Hammond, IN 46324
- Commercial real estate
- 1,820 SF
Current Use by Public Records
- Commercial real estate
Property Details for 6231 Madison Ave
- Year built
- 1922
- Property size
- 1,820 SF
- Property type
- Commercial real estate
Description
This well-maintained, two-unit apartment building presents a fantastic investment opportunity in Hammond, Indiana. Situated on a 4,865.65 square foot lot at 6231 Madison Avenue, this 1,820 square foot property boasts a desirable location close to schools, parks, and shopping conveniences. Built in 1922, the building features two stories and comprises one building. Each unit offers its own private entrance, enhancing resident privacy. Unit one includes three bedrooms and one bathroom, while unit two provides two bedrooms and one bathroom. Both units benefit from a shared, newly constructed back deck. Currently operating at 100% occupancy, this property offers immediate cash flow potential. The asking price is $199,900, translating to $109.84 per square foot. This is a turnkey investment ready for a new owner. Note: Square footage, taxes, and appliance ownership should be verified independently.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Lake
- State
- Indiana
- Longitude
- -87.511371541918
- Latitude
- 41.600206388949
