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    Property profile & analytics

    7120 Kennedy Ave Hammond, IN 46323-2225

    • Residential income homes
    • 3,900 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US31-0420749
    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

    • Law Offices of Rajeev K. Bajaj / Legal Services
    • Tina Flower Minstries / Mental Health Service
    • Punching Piñatas And Rentals / Party Equipment Rental Service
    • Inspiration Hair Salon / Hair Salon
    • Butterfliesfloristevents / Florist

    Property Details for 7120 Kennedy Ave

    Year built
    1949
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.13 lot acres
    Property size
    3,900 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-07-09-379-020.000-023
    APU
    450709379020000023

    Description

    This 1,400 square foot commercial space at 7120 Kennedy Avenue in Hammond, Indiana, offers a prime retail or office opportunity. Located on the west side of Kennedy Avenue, just north of I-94, this brick building provides excellent visibility and high traffic flow. The main office area measures 25x12 feet and includes ample power, with optional water and drain hookups. An additional 18x13 foot space is available, suitable for a smaller office or shared workspace. The property also features indoor garage and storage space, perfect for inventory or equipment. Two dedicated outdoor parking spaces are included, with additional customer parking readily available. The lease is a 12-month term with a flat monthly rent of $900 plus utilities (NIPSCO). The property is easily accessible from the street and alley. This location offers a blend of traditional office space, coworking potential, and creative office adaptability, making it suitable for a variety of businesses. A video tour is available online.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $385,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $315,000
      Mixed-Use
      $330,000
      Hospitality
      $410,000
      Educational
      $385,000
      Residential Income
      $340,000
      Energy
      $320,000
      Income-Based Land
      $310,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.462
    Latitude
    41.5841
    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
    $4,438
    $27,300
    $94,400
    $121,700
    -
    $27,300
    $94,400
    $121,700

    Comparable in this City

    • 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
      $290,000
      4,482 SF

      7026 Kennedy Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,482 SF
      7026 Kennedy Ave, Hammond, IN 46323-2248
      View Details
    • Value Estimation
      $300,000
      1,674 SF

      6628 Kennedy Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,674 SF
      6628 Kennedy Ave, Hammond, IN 46323
      View Details
    • Value Estimation
      $275,000
      5,220 SF

      7035 Parrish Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,220 SF
      7035 Parrish Ave, Hammond, IN 46323-2359
      View Details
    • Value Estimation
      $430,000
      2,079 SF

      2647 165th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,079 SF
      2647 165th St, Hammond, IN 46323-1001
      View Details
    • Value Estimation
      $290,000
      2,070 SF

      3138 165th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,070 SF
      3138 165th St, Hammond, IN 46323-1174
      View Details

    Similar Nearby for Sale

    • $150,000

      Kennedy Avenue Land Opportunity

      Land available on Kennedy Avenue in Hammond, Indiana.
      6433-49 Kennedy Ave, Hammond, IN 46323
      View Details
    • $675,000
      0.34 Acres

      Hammond Strip Mall Investment Opportunity

      High-Visibility, Two-Unit Commercial Property with Expansion Potential
      7444 Kennedy Ave, Hammond, IN 46323
      View Details
    • $1,120,000
      24,422 SF

      Hammond Church and Parsonage For Sale

      Church and parsonage on 3.51 acre site in Hammond.
      3004-40 175Th St, Hammond, IN 46323
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    • $320,000
      0.20 Acres

      one bedroom apt

      and kitchen. Water expense includes the sewer bill. Insurance expense is factored out for the building. Business and building insurance total is $360\/month. Need 48 hour notice to show apartments. Tavern showing easier. As Is Addendum attached. Business fixtures and all appliances included. Pool table
      6405 Kennedy Ave, Hammond, IN 46323
      View Details
    • $625,000
      10,370 SF

      Industrial/Flex Space Building For Sale

      10,370 SF industrial/flex space building, versatile C4 zoning.
      6541 Kennedy Ave, Hammond, IN 46323
      View Details
    • Contact for pricing
      Pending

      Residential Land Near Amenities

      Unimproved land near shopping, schools, and restaurants in Hammond, Indiana.
      7352 Nebraska Ave, Hammond, IN 46323
      View Details
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    7120 Kennedy Ave
    Hammond, IN 46323-2225
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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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