1150 Indiana AVE, Griffith, IN 46319
1150 Indiana AVE, Griffith, IN 46319
1150 Indiana AVE, Griffith, IN 46319
$538,000
Est. payment /mo
$549,000
2.0%
Est.Price: ?

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7,710 SqFt
SOLD DATE : 09/30/2025

Key Details

Sold Price $538,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 7,710 sqft

Price per Sqft $69

Subdivision Brinwood Add

MLS Listing ID 826503

Sold Date 09/30/25

HOA Y/N No

Year Built 1968

Annual Tax Amount $5,057

Tax Year 2023

Lot Size 7,710 Sqft

Acres 0.177

Property Sub-Type Quadruplex

Property Description

FANTASTIC MOVE-IN READY 4 UNIT INVESTMENT PROPERTY IN GRIFFITH! This well-maintained 4-unit building offers steady income, low maintenance, and a prime location, featuring (3) two-bedroom/one-bath apartments and (1) one-bedroom/one-bath apartment. All units are fully occupied with long-term tenants on active leases for reliable cash flow. Recent renovations include complete gut rehabs of Units 3 & 4 in 2024 with new kitchens featuring quartz countertops, custom cabinetry, appliances, windows, updated bathrooms, carpet, and in-unit A/C, along with exterior improvements such as new windows, professional landscaping, daylight security lighting, and a fully lit parking lot. Building and mechanical updates include a serviced boiler, new water heater (2025), new commercial washer and dryer, upgraded electrical panels for renovated units, and a roof replaced approximately 10 years ago. This property is a fantastic opportunity for investors seeking strong returns and long-term stability. Commercial washer ad dryer located in basement, provides additional cash flow.**Low maintenance and upside to rent increases!

Location

State IN

County Lake

Rooms

Basement Other

Interior

Interior Features Open Floorplan, Stone Counters

Heating Baseboard

Fireplace N

Appliance Dryer, Washer, Refrigerator, Gas Water Heater, Electric Range

Exterior

Exterior Feature Lighting

Parking Features Asphalt, Paved

Pool None

View Y/N true

Building

Lot Description Cul-De-Sac, Paved, Landscaped

Story Quad-Level

Sewer Public Sewer

Water Public

Level or Stories Quad-Level

Schools

School District Griffith

Others

Tax ID 450726331007000006

Security Features Carbon Monoxide Detector(s),Security Lights,Smoke Detector(s)

Acceptable Financing NRA20250819204919436137000000

Listing Terms NRA20250819204919436137000000

Financing Conventional

Pets Allowed No

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Listed by Baird & Warner Res. Sales Inc. • Carla Gorman
Bought with Realty Executives Premier

Nearby Locations

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Justin Hanuscin

Justin Hanuscin

+1(219) 688-3941

Agent RB15001594

Agent RB15001594

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