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$538,000
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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!
Full Property Details
Full Property Details for 1150 Indiana Ave
General
- Sold For: $538,000
- Taxes: $5,057 (2023)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 826503
- Added to Site: 144 day(s) ago
Interior
- Interior Features: Open Floorplan, Stone Counters
- Appliances: Dryer, Washer, Refrigerator, Gas Water Heater, Electric Range
Exterior
- Exterior Features: Lighting
Parking
- Parking Features: Asphalt, Paved
Location
- County: Lake
- Township: North
- Subdivision: Brinwood Add
- Driving Directions: 45th to Broad, North to Brinwood, East to Indiana
School Information
- High School District: Griffith
Heating & Cooling
- Heating Type: Baseboard
Structural Information
- Year Built: 1968
Lot Features
- Lot Size (Acres): 0.177
- Lot Size (Sq. Ft.): 7,710
- Lot Features: Cul-De-Sac, Paved, Landscaped
Financial Considerations
- Tax Amount: $5,057
- Tax Year: 2023
- Terms: Cash, VA Loan, Other, FHA, Conventional
Disclosures and Reports
- Legal Description: BRINWOOD ADD. S. 56FT. LOT 27 & N.2FT OF LOT 26
- Property ID: 450726331007000006
Listed by Baird & Warner Res. Sales Inc.
Sold by Realty Executives Premier
Get Pre-Approved Today
Schools
Schools serving 1150 Indiana Ave
School District:Griffith Public Schools
| Name | Grades | Distance |
|---|---|---|
Griffith Senior High School 600 North Wiggs Street, Griffith, IN 46319 | 6-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1150 Indiana Ave
Date
Details
Price
Change
Source
9/30/2025
Sold
$538,000
-2%
MLS
8/25/2025
Listed
$549,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1150 Indiana Avenue, Griffith, IN 46319 (MLS# 826503) is a Multi-Family property that was sold at $538,000 on September 30, 2025. Want to learn more about 1150 Indiana Avenue? Do you have questions about finding other Multi-Family real estate for sale in Griffith? You can browse all Griffith real estate or contact a Coldwell Banker agent to request more information.

