237 E Highland Street, Hammond, IN 46320
$1,100,000
Property Type:
Residential Income
Bedrooms:
44
Square Footage:
24,281
Lot Size (sq. ft.):
8,276
Status:
Closed
Current Price:
$1,100,000
List Date:
4/11/2013
Last Modified:
6/19/2024
Overview
Description
Listing Details MLS# 326107
General Property Information
- New Construction YN
- No
- Number Of Units Total
- Yes
- Bedrooms Total
- 44
- Bathrooms Full
- 44
- Rooms Total
- 44
- Living Area
- 24281
- Living Area Source
- Assessor
- Year Built
- 1927
- Garage YN
- No
- Accessibility Features YN
- Yes
- Lot Size Units
- Acres
- Lot Size Acres
- 0.19
- Lot Size Square Feet
- 8276
- Lot Size Dimensions
- .19 ac
- Waterfront YN
- No
- Basement YN
- No
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
- Garage Spaces
- 0
- Carport Spaces
- 0
- Parking Total
- 0
Property Features
Accessibility Features:
Enhanced Accessible
Construction Materials:
Brick; Stone
Heating:
Common; Other
Interior Features:
Elevator
Laundry Features:
Common Area
Lease Type:
Net
Listing Terms:
Cash; Conventional; Lease Option
Other Equipment:
Intercom
Other Structures:
Shed(s)
Parking Features:
None
Rent Includes:
Trash Collection; Water; Other
Security Features:
Security System
Utilities:
Sewer Available
Water Source:
Public
Contract Information
- Original List Price
- 1390000
- Lease Considered YN
- Yes
- Lease Term
- Month To Month
- Property Sub Type
- Apartment
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 237
- Street Direction Prefix
- E
- Street Name
- Highland
- Street Suffix
- Street
- County
- Lake
- State
- IN
- Postal Code
- 46320
- Subdivision Name
- N/A
Remarks and Miscellaneous
- Public Remarks
- Great investment opportunity: Historical Art Deco Landmark building with 44 unique studio units that each include a kitchen and full bath. (MLS bathroom field only goes to 25, there are 44) Gorgeous entry in light filled atrium lobby. Coin/op laundry available. This property offers the investor an opportunity to acquire a large complex with strong occupancy and generate a high cash return. Location offers easy access to major expressway and trains thru NW Indiana and Chicagoland.
Status Change Information
- Major Change Timestamp
- 2024-02-18T02:58:58Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2024-02-18T02:58:58Z
- Status Change Timestamp
- 2014-01-15
- Offer Acceptance Date
- 2013-12-11
- Close Date
- 2014-01-15
- Close Price
- 1100000
- Buyer Financing
- Cash
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Expense Year
- 2012
- Gross Income
- 2400
- Gross Scheduled Income
- 256080
- Insurance Expense
- 6972
- Maintenance Expense
- 1238
- Net Operating Income
- 151416.44
- New Taxes Expense
- 23449
- Other Expense
- 2386
- Professional Management Expense
- 10243
- Total Actual Rent
- 2536800
- Trash Expense
- 2019
- Electric Expense
- 0
- Manager Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
- Water Expense
- 0
Unit Details
- Number Of Efficiencies
- 44
- Number Of Apartments
- 44
Unit 1
- Unit Description
- All 44 units
- Unit Number
- Yes
- Identical Units
- 44
- Square Feet
- 420
- Rent
- 495
- # Of Rooms
- Yes
Showing Requirements
- Showing Instructions
- 24 Hr Notice. Call listing agent or use show assist
Historical Information
- Public Historical Remarks
- Array, Lease Type: Net
Location, Tax, and Legal
- School District
- Hammond
- Tax Assessed Value
- 743900
- Tax Legal Description
- Legal Description: Harrison Park Addition all Lots 29 and 30 Bl. 2 52. L31 Bl 2
- Parcel Number
- 450601177019000023
- Township
- North
- Directions
- I 80/90 to Calumet, North to 165th, west to Hohman, north to Highland St.
- Cross Street
- Hohman
Accessibility Features
- Enhanced Accessible
- Yes
Construction Materials
- Brick
- Yes
- Stone
- Yes
Heating
- Common
- Yes
- Other
- Yes
Interior Features
- Elevator
- Yes
Laundry Features
- Common Area
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Lock Box Information
- Lock Box Serial Number
- No
Other Equipment
- Intercom
- Yes
Other Structures
- Shed(s)
- Yes
Parking Features
- None
- Yes
Security Features
- Security System
- Yes
Utilities
- Sewer Available
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Lease Type
- Net
- Yes
Rent Includes
- Trash Collection
- Yes
- Water
- Yes
- Other
- Yes
Listing Office:
Coldwell Banker Realty
Last Updated: June - 19 - 2024
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.