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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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