1230-1256 Lake Charles Avenue, Porter, IN 46304

$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: 9/03/2026

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.

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
Please Call Listing Agent
Listing Office: Ellsbury Group
Last Updated: September - 03 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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