135 W 57th Avenue
Merrillville, IN 46410
Fully brick 4-unit investment opportunity offering strong cash flow potential with value-add upside. Each unit features 2 bedrooms, 1 bathroom, and approximately 1,080 square feet with identical, functional layouts. One unit has been updated with additional improvements throughout the property, while current rents remain below market, providing immediate upside for investors. The building sits on a corner lot just minutes from a main corridor with shopping, dining, and everyday conveniences. Each unit includes a private rear balcony and an attached garage space accessed through a drive-down basement, a rare amenity that adds tenant appeal and retention. The property includes a mix of long-term and newer tenants, offering both stability and opportunity for rental growth. Tenants are responsible for their own heat and electric, while the owner covers water, sewage, and common utilities, keeping operations straightforward. This is a solid addition to any portfolio with strong fundamentals, desirable unit sizes, and built-in potential to increase returns.
Property Features
Appliances
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: Better Homes and Gardens Real
Agency Phone: (219) 999-8990
Shown By
Agent Name: Liliana Ake
Agent Phone: (219) 363-3275
Agency Title: Coldwell Banker 1st Choice
AGENT INFORMATION
Coldwell Banker 1st Choice Liliana Ake (219) 363-3275
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135 W 57th Avenue | MLS# 837842
This multi-family property located at 135 W 57th Avenue , Merrillville, IN 46410 is currently listed for sale with an asking price of $584,900. Search Merrillville real estate on lake.coldwellbanker1stchoice.com today.