6429 S Kennedy Avenue #31, Hammond, IN 46323
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Olga Vega

Olga Vega

+1(219) 588-9494
$ 550,000
Est. payment /mo
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6429 S Kennedy Avenue #31 Hammond, IN 46323

7,952 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,952 sqft

Price per Sqft $69

Subdivision Turner-Meyn Park

MLS Listing ID 839380

Year Built 1952

Annual Tax Amount $5,264

Tax Year 2024

Lot Size 5,749 Sqft

Property Sub-Type Mixed Use

Property Description

Incredible investment opportunity in Hammond! This 6-unit mixed-use building is a turnkey income generator with solid cash flow and massive upside. Perfectly situated on a high-visibility corner lot at Kennedy and Cleveland, the property boasts flexible Commercial C4 zoning--ideal for nearly any business type. The building features 3 vibrant commercial/retail spaces on the main level (currently home to a busy beauty salon, Herbalife retail, and a retail store) and 3 residential units above (two spacious 2-bedroom apartments and one cozy studio apartment). Additional revenue is generated by an attached 3-car garage. Located just minutes from major transit routes, local parks, and the bustling Indianapolis Blvd retail corridor, this location ensures a steady stream of foot traffic and tenant demand. Current Monthly Income Breakdown: Event Space: TBD/mo Beauty Salon: 1,500/mo 2-Bed Apt (Leased): 950/mo Herbalife Retail (M2M): 900/mo 2-Bed Apt (Leased): 800/mo 3-Car Garage (M2M): 600/mo Studio Apt (Leased): 400/mo Total Gross Income: 78,600/year. Don't miss out on adding this versatile, high-yield asset to your portfolio! Subject to tenant rights.

Location

State IN

County Lake

Zoning Mixed Use

Rooms

Basement Sump Pump, Unfinished

Interior

Interior Features Eat-in Kitchen, Kitchen Island, Granite Counters

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Carpet, Concrete, Vinyl, Tile, Linoleum, Laminate

Fireplace No

Appliance None

Exterior

Exterior Feature None

Parking Features Attached, Additional Parking, On Street, Off Street

Utilities Available Electricity Connected, Water Connected, Sewer Connected, Sewer Available, Other, Natural Gas Connected

Roof Type Other

Building

Lot Description Corner Lot, Paved

Story 2

Structure Type Brick,Stucco

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Brokerworks Group
Olga Vega

Olga Vega

Managing Broker | License ID: RB14047917

+1(219) 588-9494

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6429 S Kennedy Avenue #31