122-126 Sibley Street, Hammond, IN 46320

$880,000
Property Type: Residential Income Bedrooms: 16 Baths: 16 Square Footage: 20,544 Lot Size (sq. ft.): 11,282 Status: Closed
Current Price: $880,000 List Date: 7/22/2022 Last Modified: 2/24/2024

Overview

Description

20 unit building - 16 Residential - 4 Commercial in Historic Downtown hammond. This type of property doesn't come along often.

Listing Details MLS# 516823

General Property Information

New Construction YN
No
Number Of Units Total
20
Bedrooms Total
16
Bathrooms Full
16
Rooms Total
32
Bathrooms Total
16
Living Area
20544
Living Area Source
Assessor
Year Built
1925
Garage YN
No
Lot Size Acres
0.259
Lot Size Square Feet
11282
Lot Size Dimensions
76x148
Waterfront YN
No
Basement YN
Yes
Bathrooms Half
0
Bathrooms Three Quarter
0
Garage Spaces
0
Carport Spaces
0
Parking Total
0

Property Features

Basement: Full Construction Materials: Brick Flooring: Carpet; Linoleum; Luxury Vinyl; Tile; Vinyl Interior Features: Elevator Lease Type: Net Listing Terms: Cash; Conventional; Lease Option; Other Other Equipment: None Owner Pays: Gas; Sewer; Water Parking Features: None Possession: Close Of Escrow; Subject To Tenant Rights Road Surface Type: Gravel Tenant Pays: Electricity Utilities: Electricity Available; Natural Gas Available; Sewer Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
880000
Lease Considered YN
Yes
Lease Term
Month To Month
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
122-126
Street Name
Sibley
Street Suffix
Street
County
Lake
State
IN
Postal Code
46320
Subdivision Name
Jacob Rimbachs Add 03

Remarks and Miscellaneous

Public Remarks
20 unit building - 16 Residential - 4 Commercial in Historic Downtown hammond. This type of property doesn't come along often.

Status Change Information

Major Change Timestamp
2022-07-23T12:03:34Z
Major Change Type
Status Change
Status Change Timestamp
2022-07-23
Offer Acceptance Date
2022-07-22
Close Date
2022-07-23
Close Price
880000
Concessions
Yes
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
76

Income and Expenses

Expense Year
2021
New Taxes Expense
11845
Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Total Actual Rent
0
Trash Expense
0
Water Expense
0

Unit Details

Number Of One Bedroom Units
16
Number Of Apartments
16
Number Of Offices
4

Unit 1

Unit Number
Yes
Square Feet
0
Rent
0

Showing Requirements

Showing Instructions
Call listing agent

Historical Information

Public Historical Remarks
Array, Lease Type: Net

Location, Tax, and Legal

Postal Code +4
1726
Tax Assessed Value
0
Tax Legal Description
Legal Description: RESUB. W. 10 FT. LOT 5 & ALL LOTS 6 TO 18 RIMBACH'S 3RD ADD. L.D
Parcel Number
450236177003000023
Township
North
Directions
Hohman north to sibley turn left

Basement

Full
Yes

Construction Materials

Brick
Yes

Flooring

Carpet
Yes
Linoleum
Yes
Luxury Vinyl
Yes
Tile
Yes
Vinyl
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Lease Option
Yes
Other
Yes

Lock Box Information

Lock Box Serial Number
No

Other Equipment

None
Yes

Parking Features

None
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
Yes

Road Surface Type

Gravel
Yes

Utilities

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Lease Type

Net
Yes

Owner Pays

Gas
Yes
Sewer
Yes
Water
Yes

Tenant Pays

Electricity
Yes
Listing Office: Listing Leaders Northwest
Last Updated: February - 24 - 2024
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