1623 Portage Avenue, Chesterton, IN 46304
$1,800,000
Property Type:
Commercial Sale
Square Footage:
10,500
Lot Size (sq. ft.):
25,003
Status:
Active
Current Price:
$1,800,000
List Date:
4/03/2026
Last Modified:
4/08/2026
Overview
Description
Listing Details MLS# 836523
General Property Information
- Number Of Units Total
- 12
- Living Area
- 10500
- Building Area Source
- Assessor
- Year Built
- 1966
- Parking Total
- 20
- Lot Size Acres
- 0.574
- Lot Size Square Feet
- 25003
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- No
- Stories
- 0
Property Features
Building Features:
Multi Tenant; Other
Business Type:
Other
Construction Materials:
Brick
Cooling:
Central Air
Current Use:
Multi-Family
Electric:
100 Amp Service; 200+ Amp Service; Circuit Breakers; Other
Flooring:
Carpet; Concrete
Foundation Details:
Concrete Perimeter
Heating:
Forced Air
Listing Terms:
Cash
Owner Pays:
Grounds Care; Snow Removal; Trash Collection
Possession:
Close Of Escrow
Possible Use:
Multi-Family
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Shingle
Security Features:
Other
Sewer:
Public Sewer
Special Listing Conditions:
None
Tenant Pays:
Water
Utilities:
Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice
Contract Information
- Auction YN
- No
- Original List Price
- 1800000
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Chesterton Apartments LLC
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 1623
- Street Name
- Portage
- Street Suffix
- Avenue
- County
- Porter
- State
- IN
- Postal Code
- 46304
- Subdivision Name
- Chgo Porter Home Inv Co 2nd Add
Remarks and Miscellaneous
- Public Remarks
- All- Brick & Fully Occupied 12-Unit apartment building consisting of (10)-2bed/ 1-bath units and (2) 1-bed/ 1-bath units. 9 of the 12 apartments have been Updated/Remodeled in the last few years. New roof, gutters, windows have been installed since 2011. Each apartment is separately metered for NIPSCO/Water/Sewer. The apartments have wall air conditioners and baseboard heat. The Landlord pays common area utilities, snow, landscape & garbage. On-site laundry!
Status Change Information
- Major Change Timestamp
- 2026-04-03T20:41:00Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-04-03
More Information
Exemption Information
- Exemption YN
- No
Income and Expenses
- Electric Expense
- 2108
- Gross Income
- 1861
- Insurance Expense
- 5651
- Maintenance Expense
- 540
- New Taxes Expense
- 5943
- Sewer Expense
- 665
- Total Actual Rent
- 84667
- Trash Expense
- 2405
- Water Expense
- 564
- Gross Scheduled Income
- 0
- Manager Expense
- 0
- Net Operating Income
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Supplies Expense
- 0
Showing Requirements
- Showing Instructions
- I am scheduling a group showing this Saturday April 11th at 12:30pm. This is a 30-minute showing and we will try to get into each unit. Pre-approved buyers only.
- 24 Hour Notice
- Yes
Location, Tax, and Legal
- Postal Code +4
- 2883
- Tax Annual Amount
- 31326.48
- Tax Year
- 2025
- Tax Legal Description
- CHGO PORTER HOME INV CO 2ND ADD LOTS 6-13 BLK 37
- Parcel Number
- 640602260001000023
- Township
- Westchester
- Directions
- From Old Porter Road (just past Melton Rd.) turn South on Mineral Springs Rd., take 2nd Left on Marquette Rd., turn Right onto S 23rd Street, Left to Porter Ave., Right onto S Jackson Blvd, and the first left on Portage Ave. to property.
- Census Tract
- 502.02
Construction Materials
- Brick
- Yes
Cooling
- Central Air
- Yes
Electric
- 100 Amp Service
- Yes
- 200+ Amp Service
- Yes
- Circuit Breakers
- Yes
- Other
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Forced Air
- Yes
Listing Terms
- Cash
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Shingle
- Yes
Security Features
- Other
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- None
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Owner Pays
- Grounds Care
- Yes
- Snow Removal
- Yes
- Trash Collection
- Yes
Tenant Pays
- Water
- Yes
Current Use
- Multi-Family
- Yes
Possible Use
- Multi-Family
- Yes
Building Features
- Multi Tenant
- Yes
- Other
- Yes
Business Type
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
Rose Real Estate
Last Updated: April - 08 - 2026
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