4220 Hohman Avenue, Hammond, IN 46327

$695,000
Property Type: Residential Income Bedrooms: 10 Lot Size (sq. ft.): 6,404 Status: Closed
Current Price: $695,000 List Date: 5/12/2025 Last Modified: 9/08/2025

Overview

Description

This turnkey rental property offers five 2-bedroom units in a high demand rental market close to downtown Hammond. With low maintenance requirements and upside for rent increases, this property is ideal for an investor seeking great cash flow.

Listing Details MLS# 820591

General Property Information

New Construction YN
No
Number Of Units Total
5
Bedrooms Total
10
Bathrooms Full
5
Above Grade Finished Area
6404
Year Built
1950
Garage YN
Yes
Garage Spaces
4
Lot Size Acres
0.147
Lot Size Square Feet
6404
Lot Size Source
Assessor
Waterfront YN
No
Fireplace YN
No

Property Features

Appliances: Other Cooling: Central Air Exterior Features: Other Heating: Forced Air Interior Features: Other Levels: Bi-Level Listing Terms: Cash; Conventional; Other Lot Features: Other Owner Pays: See Remarks Pets Allowed: Call Possession: Close Of Escrow Rent Includes: See Remarks Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: Electricity; Gas; See Remarks Utilities: Other View: Neighborhood; Other Water Source: Public

Contract Information

Auction YN
No
Original List Price
749000
Lease Considered YN
No
Property Sub Type
Apartment
Listing Agreement
Exclusive Right To Sell
Owner Name
4220 Hohman Ave LLC

Location Tax and Legal

Street Number
4220
Street Name
Hohman
Street Suffix
Avenue
County
Lake
State
IN
Postal Code
46327
Subdivision Name
Winslows Add

Remarks and Miscellaneous

Public Remarks
This turnkey rental property offers five 2-bedroom units in a high demand rental market close to downtown Hammond. With low maintenance requirements and upside for rent increases, this property is ideal for an investor seeking great cash flow.

Status Change Information

Major Change Timestamp
2025-09-08T14:37:11Z
Major Change Type
Status Change
Price Change Timestamp
2025-06-16T14:39:07Z
Status Change Timestamp
2025-09-08
Offer Acceptance Date
2025-07-10
Close Date
2025-09-05
Close Price
695000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
No

Unit Details

Number Of Two Bedroom Units
5

Unit 1

Unit Description
2bdr A
Square Feet
1050
Rent
1350
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 2

Unit Description
2bdr B
Square Feet
1050
Rent
1350
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 3

Unit Description
2bdr C
Square Feet
1050
Rent
1365
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 4

Unit Description
2bdr D
Square Feet
1050
Rent
1350
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 5

Unit Description
2bdr E
Square Feet
1050
Rent
1350
# Of Bedrooms
2
# Of Bathrooms
Yes

Showing Requirements

Showing Instructions
Call for showings. Will do open houses.
Listing Office: Ellsbury Group
Last Updated: September - 08 - 2025
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