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    Property profile & analytics

    7031 Parrish Ave Hammond, IN 46323-2360

    • Residential income homes
    • 5,220 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Last Sale
    Jun 21, 2022
    Location Intelligence
    Property ID
    US31-0544685
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 7031 Parrish Ave

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    5,220 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-07-10-302-002.000-023
    APU
    450710302002000023

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.4516
    Latitude
    41.5853
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,604
    $20,900
    $310,900
    $331,800
    -
    $20,900
    $310,900
    $331,800

    Comparable in this City

    • Value Estimation
      $325,000
      3,729 SF

      2850 173rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,729 SF
      2850 173rd St, Hammond, IN 46323-2241
      View Details
    • Value Estimation
      $340,000
      1,714 SF

      3205 173rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,714 SF
      3205 173rd St, Hammond, IN 46323-2764
      View Details
    • Value Estimation
      $300,000
      4,800 SF

      6416 Kennedy Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,800 SF
      6416 Kennedy Ave, Hammond, IN 46323-1082
      View Details
    • Value Estimation
      $245,000
      3,000 SF

      6811 Kennedy Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,000 SF
      6811 Kennedy Ave, Hammond, IN 46323-1549
      View Details
    • Value Estimation
      $310,000
      2,976 SF

      3144 165th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,976 SF
      3144 165th St, Hammond, IN 46323-1175
      View Details
    • Value Estimation
      $300,000
      3,900 SF

      7120 Kennedy Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,900 SF
      7120 Kennedy Ave, Hammond, IN 46323-2225
      View Details

    Similar Nearby for Sale

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      Hammond Church and Parsonage For Sale

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    • $1,000,000
      4,366 SF

      Turnkey Restaurant with Income Potential

      Operating restaurant and bar on a .62-acre lot.
      6247 Kennedy Ave, Hammond, IN 46323
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    • Contact for pricing
      0.13 Acres

      Hammond Corner Lot Opportunity

      Vacant land in established neighborhood, ready for new construction.
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    • Contact for pricing
      0.12 Acres

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      5,040 sq ft lot ready for your dream build.
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    Hammond, IN 46323-2360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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