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$1,875,000 Just Listed
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Property Description
Excellent opportunity to acquire a recently updated 15-unit multifamily property featuring a durable brick and block exterior and a desirable mix of primarily two-bedroom apartments. The four-story building was originally constructed in 1930 and has undergone recent updates throughout the apartment units. The unit mix consists of 13 two-bedroom/one-bath apartments, one one-bedroom apartment, and one studio apartment, providing an attractive concentration of highly marketable two-bedroom units. Apartment interiors have been updated, with select units featuring granite kitchen countertops and stainless-steel appliances. Each apartment is equipped with electric heat, and select units include window air-conditioning units. Additional property amenities include 17 on-site parking spaces and a common laundry area equipped with two washers and two dryers for resident use.
Full Property Details
Full Property Details for 225 Carroll St
General
- Price: $1,875,000
- Taxes: $24,355 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: GNIAR
- MLS ID: 846563
- Updated: 10/8/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Dryer, Water Heater, Washer, Range Hood, Refrigerator, Gas Range
Location
- County: Lake
- Township: North
- Subdivision: Towle & Youngs Add
- Driving Directions: From 165th Street, go north on Hohman Avenue, east on Carroll to property.
Heating & Cooling
- Heating Type: Other
Structural Information
- Square Feet: 14,904
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.313
- Lot Size (Sq. Ft.): 13,634
Financial Considerations
- Tax Amount: $24,355.74
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: TOWLE & YOUNG'S ADD BL.7 W.10FT OF LOT 28 ALL LOTS 29&30
- Property ID: 450236383020000023
Listed by Rose Real Estate
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Schools
Schools serving 225 Carroll St
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Lew Wallace Elementary School 6235 Jefferson Avenue, Hammond, IN 46324 | PK-5 | 0.9 mi |
Henry W Eggers Elem/Md School 5825 Blaine Ave, Hammond, IN 46320 | 6-8 | 0.3 mi |
Hammond High School 5926 Calumet Avenue, Hammond, IN 46320 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 225 Carroll St
Date
Details
Price
Change
Source
10/08/2026
Listed
$1,875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 225 Carroll St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$29,698
—
$1,104,800
2%
2024
$29,698
-42%
$1,081,700
—
2023
$51,525
417%
$1,078,000
190%
2022
$9,969
-42%
$372,000
8%
2020
$17,131
82%
$345,100
4%
2019
$9,412
—
$331,700
6%
2019
$9,412
—
$313,200
3%
2018
$9,454
-8%
$302,700
5%
2017
$10,310
—
$287,900
4%
2017
$10,310
20%
$277,700
—
2016
$8,589
7%
$278,100
2%
2015
$8,023
-38%
$272,500
1%
2013
$12,862
—
$268,600
-1%
2012
$12,866
—
$271,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 225 Carroll St
225 Carroll Street, Hammond, IN 46320 (MLS# 846563) is a Commercial Multi-Family property. 225 Carroll Street is currently listed for $1,875,000 and was received on October 08, 2026. Want to learn more about 225 Carroll Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Hammond? You can browse all Hammond real estate or contact a Coldwell Banker agent to request more information.

