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Listed price in listed location currency (USD).
$1,350,000

0023

MLS® 835664

Open House
Wed Mar 25, 7:00-9:30 PM UTC
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 8624 sqft
Garage No
HOA Fees 
Taxes $10,644
Days Active 1
Approx. Age 1999
Avg. Price Per Sqft $156
MLS® Number 835664

Property Address: 1080-1090 W 85th Avenue, Merrillville, IN, 46410

Average square foot calculated using Size range provided by listing agent.

Description

This offering presents a well-maintained Class A 8-unit multifamily asset in the stable Northwest Indiana rental market. Built in 1999 as condominium units, the property features efficient 2-bedroom / 2-bathroom floor plans of approximately 1, 100 square feet with modern finishes, stainless steel appliances, and washer/dryer hookups. Major exterior improvements completed in 2021, including roof, windows, siding, and gutters. Tenants pay electricity, gas/heat, water, and sewer, while ownership covers only common electric and trash, supporting efficient operations. With average rents of approximately 1, 550 dollars per unit and a 7.2 percent Day-1 cap rate, the asset offers strong in-place cash flow and upside potential in a supply-constrained submarket.
MLS® Number835664
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1999
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 18, 2026List Date
$1,350,000List Price
  • Commute

Commute

Starting Address
Destination Address
1080-1090 W 85th Avenue, Merrillville, IN

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