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$275,000
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Property Description
For Sale: Prime Mixed-Use Property with Endless Potential - Verona Pizza + 2 ApartmentsOpportunity knocks in this unique mixed-use property offering both commercial and residential income potential! Currently home to Verona Pizza, this established pizzeria comes equipped with pizza ovens, Pepsi coolers, and everything you need to jump-start your own pizza shop or bring your own business vision to life.Upstairs, the building features two apartments - a 1-bedroom unit and a 2-bedroom unit - perfect for steady rental income or owner-occupied living. Whether you're an investor, entrepreneur, or both, this property provides the ideal setup for live-work flexibility or full rental income generation.While the building does need some TLC, the solid structure and valuable location make this a rare find with significant upside. Renovate and modernize to dramatically increase value and cash flow.Pizzeria setup with equipment includedTwo rental units: 1BR + 2BRGreat visibility and street presenceIdeal for investors or owner-operatorsPotential for multiple streams of incomeCustomize and improve for long-term gainsBring your creativity and unlock the full potential of this income-producing property right on Calumet Avenue. Schedule a showing today and explore what it could become in your hands!
Full Property Details
Full Property Details for 4913 Calumet Ave
General
- Price: $275,000
- Taxes: $4,530 (2023)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 823699
- Updated: 9/24/2025
- Added to Site: 197 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Appliances: Other
Exterior
- Exterior Features: None
Parking
- Parking Features: Alley Access, Off Street
Location
- County: Lake
- Township: North
- Subdivision: Stafford & Trankles Add 05
- Driving Directions: Take Calumet Avenue just North of 150th, located on East side of Street.
Heating & Cooling
- Heating Type: Other
Structural Information
- Square Feet: 2,650
- Year Built: 1915
Lot Features
- Lot Size (Acres): 0.139
- Lot Size (Sq. Ft.): 6,055
Financial Considerations
- Tax Amount: $4,530
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: STAFFORD & TRANKLES 5TH. ADD. ALL L.74 AND L.75
- Property ID: 450331101005000023
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Schools
Schools serving 4913 Calumet Ave
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Washington Irving Elementary School 4727 Pine Avenue, Hammond, IN 46327 | PK-5 | 0.3 mi |
Henry W Eggers Elem/Md School 5825 Blaine Ave, Hammond, IN 46320 | 6-8 | 1.3 mi |
Hammond High School 5926 Calumet Avenue, Hammond, IN 46320 | 9-12 | 1.3 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 4913 Calumet Ave
Date
Details
Price
Change
Source
9/24/2025
Price Reduced
$275,000
-15.38%
MLS
8/27/2025
Price Reduced
$325,000
-9.72%
MLS
7/04/2025
Listed
$360,000
112.23%
MLS
12/13/2007
Sold
$169,625
—
Public Record
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 4913 Calumet Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,610
-16%
$143,100
2%
2023
$6,692
50%
$140,000
1%
2022
$4,461
-31%
$138,100
6%
2020
$6,477
21%
$130,500
4%
2019
$5,341
—
$125,400
-2%
2019
$5,341
8%
$128,500
3%
2018
$4,949
-10%
$125,300
3%
2017
$5,520
—
$121,600
—
2017
$5,520
12%
$121,500
4%
2016
$4,920
18%
$116,500
-1%
2015
$4,154
-25%
$117,400
1%
2013
$5,564
-40%
$116,200
-41%
2012
$9,350
—
$197,000
—
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 4913 Calumet Ave
4913 Calumet Avenue, Hammond, IN 46327 (MLS# 823699) is a Commercial property. 4913 Calumet Avenue is currently listed for $275,000 and was received on July 04, 2025. Want to learn more about 4913 Calumet Avenue? Do you have questions about finding other Commercial real estate for sale in Hammond? You can browse all Hammond real estate or contact a Coldwell Banker agent to request more information.

