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| Trudy Boylan
(219) 771-4460
Northwest Indiana Office |
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| MY PORTFOLIO |
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1080-1090 W 85th Avenue, Merrillville, IN 46410
$1,350,000.00
SQUARE FEET8,624
MLS#835664
STATUSPending
PROPERTY TYPECommercial - Business
SUBDIVISIONSedona Add
Property 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 / 1.5 -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 are responsible for electricity and gas/heat. Ownership is responsible for common electric, trash, and water. 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.
Property Features
Property Type: Commercial - Business Days on Market: 50 Heating: Forced Air, Natural Gas Lot Size: 0.47 Acres Taxes: $10,644 Year Built: 1999
Feature Descriptions
Lot Dimensions: 0
Parking Features: Off Street, Asphalt
Sewer: Public Sewer
Utilities: Cable Available, Water Connected, Water Available, Sewer Connected, Sewer Available, Natural Gas Connected, Electricity Connected, Electricity Available, Cable Connected
Water: Public
Listed By / Shown By
Agency Name: Ellsbury Group
Agency Phone: (219) 200-5133
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Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/07/2026. The listing information on this page last changed on 05/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 05/07/2026 6:37:42 AM EST) or NIRA MLS (last updated Thu 05/07/2026 6:19:02 AM EST). Real estate listings held by brokerage firms other than Ginter Realty, Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: Ginter Realty, Inc. is licensed in the State of Indiana.
Agent License Information: Ginter Realty, INC & Trudy Boylan are licensed in the state of Indiana. |
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