1230-1256 Lake Charles Avenue, Porter, IN 46304 (MLS# 840854)

1230-1256 Lake Charles Avenue, Porter, IN 46304

New Listing

$1,750,000

Property Type: Commercial Sale Square Footage: 15,960 Lot Size (sq. ft.): 68,259 Status: Active

Current Price: $1,750,000 List Date: 6/17/2026 Last Modified: 6/17/2026

Overview

Description

12-unit townhome-style multifamily investment opportunity in Porter, Indiana. The property features twelve 2-bedroom, 1.5-bath units averaging approximately 1,330 SF, each with a private deck, in-unit laundry hookups, individual HVAC systems, and access to detached garage parking. Tenants are responsible for electric, gas, water/sewer, and trash, helping minimize operating expenses. Recent improvements include roof replacement, parking lot resurfacing, and ongoing mechanical updates. Located minutes from I-94, US-20, the South Shore Line, and Indiana Dunes National Park, this property offers strong cash flow with value-add potential through future rent increases.

Open Houses

Thursday, June 25, 2:00 pm - 4:30 pm

Listing Details MLS# 840854

General Property Information

Number Of Units Total: 12
Living Area: 15960
Building Area Source: Assessor
Year Built: 1995
Parking Total: 37
Lot Size Acres: 1.567
Lot Size Square Feet: 68259
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No

Property Features

Building Features: Multi Tenant Business Type: Other Construction Materials: Vinyl Siding Cooling: Central Air Current Use: Multi-Family Electric: Circuit Breakers Heating: Forced Air; Natural Gas Interior Features: None Laundry Features: Gas Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional; Other Lot Features: Cul-De-Sac Owner Pays: Grounds Care; Snow Removal Parking Features: Additional Parking; Detached; Garage Faces Side; Off Street; Paved Possession: Close Of Escrow; Subject To Tenant Rights Possible Use: Multi-Family Rail Availability: None Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected View: Neighborhood Water Source: Public

Contract Information

Auction YN: No
Original List Price: 1750000
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Lake Charles Properties LLC
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1230-1256
Street Name: Lake Charles
Street Suffix: Avenue
County: Porter
State: IN
Postal Code: 46304
Subdivision Name: Lake Charles Sub

Remarks and Miscellaneous

Public Remarks: 12-unit townhome-style multifamily investment opportunity in Porter, Indiana. The property features twelve 2-bedroom, 1.5-bath units averaging approximately 1,330 SF, each with a private deck, in-unit laundry hookups, individual HVAC systems, and access to detached garage parking. Tenants are responsible for electric, gas, water/sewer, and trash, helping minimize operating expenses. Recent improvements include roof replacement, parking lot resurfacing, and ongoing mechanical updates. Located minutes from I-94, US-20, the South Shore Line, and Indiana Dunes National Park, this property offers strong cash flow with value-add potential through future rent increases.

Status Change Information

Major Change Timestamp: 2026-06-17T23:41:20Z
Major Change Type: New Listing
Status Change Timestamp: 2026-06-17

More Information

Exemption Information

Exemption YN: No

Showing Requirements

Showing Instructions: Property Tours will be Thursday June 25th from 2pm-4:30pm

Location, Tax, and Legal

Tax Annual Amount: 24724
Tax Year: 2024
Tax Legal Description: LAKE CHARLES SUB LOT 8
Parcel Number: 640334426002000026
Township: Westchester
Directions: I-94 to IN-49 north, west on Indian Boundary Rd, south on Lake Charles Ave to property at 1230-1256 Lake Charles Ave, Porter.
Census Tract: 503.02

Construction Materials

Vinyl Siding: Yes

Cooling

Central Air: Yes

Electric

Circuit Breakers: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

None: Yes

Laundry Features

Gas Dryer Hookup: Yes
Washer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Lot Features

Cul-De-Sac: Yes

Parking Features

Additional Parking: Yes
Detached: Yes
Garage Faces Side: Yes
Off Street: Yes
Paved: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Neighborhood: Yes

Water Source

Public: Yes

Owner Pays

Grounds Care: Yes
Snow Removal: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Current Use

Multi-Family: Yes

Possible Use

Multi-Family: Yes

Building Features

Multi Tenant: Yes

Business Type

Other: Yes

Rail Availability

None: Yes

Listing Office: Ellsbury Group

Last Updated: June - 17 - 2026

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