1230 Lake Charles Avenue, Porter, IN 46304
$4,200,000
Property Type:
Commercial Sale
Square Footage:
37,240
Lot Size (sq. ft.):
145,055
Status:
Active
Current Price:
$4,200,000
List Date:
9/01/2026
Last Modified:
9/05/2026
Overview
Description
Listing Details MLS# 844657
General Property Information
- Number Of Units Total
- 28
- Living Area
- 37240
- Building Area Source
- Assessor
- Year Built
- 1995
- Year Built Details
- 1230-1256 Lake Charles: 1995 1326-1340 Lake Charles: 2000 1365-1379 Lawson Ln: 1999
- Parking Total
- 69
- Lot Size Acres
- 3.33
- Lot Size Square Feet
- 145054.8
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- No
- Stories
- 2
Property Features
Building Features:
Multi Tenant
Business Type:
Other
Construction Materials:
Vinyl Siding
Cooling:
Central Air
Current Use:
Multi-Family
Electric:
Circuit Breakers
Heating:
Natural Gas
Listing Terms:
Cash; Other
Owner Pays:
Grounds Care; Snow Removal
Possession:
Close Of Escrow
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
- 4200000
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 1230
- Street Name
- Lake Charles
- Street Suffix
- Avenue
- County
- Porter
- State
- IN
- Postal Code
- 46304
Remarks and Miscellaneous
- Public Remarks
- Rare opportunity to acquire a 28-unit multifamily portfolio in Porter, Indiana, consisting of three townhome-style properties totaling approximately 37,240 SF. The portfolio includes one 12-unit property and two 8-unit properties, with all units featuring 2-bedroom, 1.5-bath layouts. Properties are individually metered, with tenants responsible for electric, gas, water/sewer and trash, creating a low owner expense structure. Private outdoor space, in-unit laundry hookups and additional garage income enhance the offering. Strong in-place income with additional upside through continued rent growth. Conveniently located near I-94, US-20, the South Shore Line and Indiana Dunes National Park. Properties are available for purchase as a complete 28-unit portfolio or individually. Excellent opportunity for an investor seeking immediate scale in Northwest Indiana's multifamily market.
Status Change Information
- Major Change Timestamp
- 2026-09-01T22:01:53Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-09-01
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- Property Tours will be held on Thursday, September 3rd, from 2-4:30pm
Listing Office:
Ellsbury Group
Last Updated: September - 05 - 2026
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