9201 Kennedy Avenue, Highland, IN 46322 (MLS# 838266)

9201 Kennedy Avenue, Highland, IN 46322

$1,350,000

Property Type: Commercial Sale Square Footage: 8,202 Lot Size (sq. ft.): 12,458 Status: Pending

Current Price: $1,350,000 List Date: 5/05/2026 Last Modified: 6/06/2026

Overview

Description

We are pleased to present a rare and exceptional investment opportunity in a well-maintained 9-unit multifamily property located in the desirable Northwest Indiana community of Highland. This asset offers investors immediate in-place cash flow with additional upside through continued rent growth. The property features a desirable unit mix designed to appeal to a broad tenant base, providing stable occupancy and consistent demand. Many of the units have been updated with modern finishes. The property is situated in a strong suburban location with close proximity to shopping, dining, parks, schools, and major highways, the property offers residents convenience and accessibility to both Northwest Indiana and the greater Chicago metropolitan area. With Highland's strong rental fundamentals and limited supply this offering represents a compelling opportunity for investors seeking a turnkey multifamily asset with both dependable current income and future appreciation/rental growth potential.

Listing Details MLS# 838266

General Property Information

Number Of Units Total: 9
Living Area: 8202
Building Area Source: Assessor
Year Built: 1969
Parking Total: 16
Lot Size Acres: 0.286
Lot Size Square Feet: 12458
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: Yes
Stories: 3

Property Features

Basement: Other Building Features: Balcony; Other Business Type: Other Construction Materials: Brick Cooling: Central Air Current Use: Multi-Family; See Remarks Electric: 100 Amp Service Exterior Features: Balcony Heating: Forced Air Listing Terms: Cash; Other Lock Box Information: Call Listing Office Owner Pays: Grounds Care; Insurance; Management; Snow Removal; Taxes; Trash Collection; Water; See Remarks Parking Features: Paved Possession: Close Of Escrow Possible Use: See Remarks Rail Availability: None Roof: Asphalt Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: Electricity; Gas; See Remarks Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Other View: Neighborhood Water Source: Public

Contract Information

Auction YN: No
Original List Price: 1350000
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 9201
Street Name: Kennedy
Street Suffix: Avenue
County: Lake
State: IN
Postal Code: 46322
Subdivision Name: Wicker Blvd Add

Remarks and Miscellaneous

Public Remarks: We are pleased to present a rare and exceptional investment opportunity in a well-maintained 9-unit multifamily property located in the desirable Northwest Indiana community of Highland. This asset offers investors immediate in-place cash flow with additional upside through continued rent growth. The property features a desirable unit mix designed to appeal to a broad tenant base, providing stable occupancy and consistent demand. Many of the units have been updated with modern finishes. The property is situated in a strong suburban location with close proximity to shopping, dining, parks, schools, and major highways, the property offers residents convenience and accessibility to both Northwest Indiana and the greater Chicago metropolitan area. With Highland's strong rental fundamentals and limited supply this offering represents a compelling opportunity for investors seeking a turnkey multifamily asset with both dependable current income and future appreciation/rental growth potential.

Status Change Information

Major Change Timestamp: 2026-06-06T14:45:24Z
Major Change Type: Status Change
Status Change Timestamp: 2026-06-06
Offer Acceptance Date: 2026-06-06

More Information

Exemption Information

Exemption YN: No

Income and Expenses

Gross Income: 141339
Net Operating Income: 98597

Location, Tax, and Legal

Tax Annual Amount: 11962
Tax Year: 2025
Tax Legal Description: WICKER BLVD ADD. ALL LOTS 25,26,27 & 28 BL.4
Parcel Number: 450728252001000026
Township: North
Directions: Driving North on I-94, exit on Kennedy Ave going south. Drive 2 miles on Kennedy ave and the property is on the left just after 40th ave.
Census Tract: 408.02

Basement

Other: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes

Exterior Features

Balcony: Yes

Heating

Forced Air: Yes

Listing Terms

Cash: Yes
Other: Yes

Lock Box Information

Call Listing Office: Yes

Parking Features

Paved: Yes

Possession

Close Of Escrow: Yes

Roof

Asphalt: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes
Other: Yes

View

Neighborhood: Yes

Water Source

Public: Yes

Owner Pays

Grounds Care: Yes
Insurance: Yes
Management: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes
See Remarks: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
See Remarks: Yes

Current Use

Multi-Family: Yes
See Remarks: Yes

Possible Use

See Remarks: Yes

Building Features

Balcony: Yes
Other: Yes

Business Type

Other: Yes

Rail Availability

None: Yes

Listing Office: Ellsbury Group

Last Updated: June - 06 - 2026

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