1623 Portage Avenue, Chesterton, IN 46304
$1,775,000
Property Type:
Commercial Sale
Square Footage:
10,500
Lot Size (sq. ft.):
25,003
Status:
Active
Current Price:
$1,775,000
List Date:
4/03/2026
Last Modified:
8/25/2026
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
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
- 2026-08-24T19:33:52Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-08-24T19:33:52Z
- 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
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.
Listing Office:
Rose Real Estate
Last Updated: August - 25 - 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.