Date
Details
Price
Change
Source
4/03/2026
Listed
$489,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$489,999 Just Listed
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Property Description
Value add mixed use investment opportunity with massive upside potential in EXCELLENT condition! Currently generating 1,650/month from only two residential studio units (750 and 900 each), this property offers the ability to increase income to over 5,500/month through lease-up, unit expansion, and rent stabilization. The property features six total units retail, office, and residential including a 3,000 SF commercial space and a 1,950 SF commercial/office unit, both vacant and capable of commanding 1,200-1,600/month each. Two additional vacant office spaces can rent for 500-650/month each, or could be converted into larger residential units commanding 1250-1,500/month each. Off-street parking, additional rear lot space/storage, and on site laundry make this property highly appealing to tenants. Ideal for investors seeking to build equity, increase cash flow, and reposition an underperforming asset in a strong rental market.
Full Property Details
Full Property Details for 532-34 Conkey St
General
- Price: $489,999
- Taxes: $4,125 (2025)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 836484
- Updated: 4/3/2026
- Added to Site: Today
Exterior
- Exterior Features: Balcony, Storage, Private Yard
Parking
- Parking Features: Off Street, On Street, Alley Access, Additional Parking, Other
Location
- County: Lake
- Township: North
- Driving Directions: From I-80/I-94 (Borman Expressway): Take Exit 1B for Calumet Avenue / IN-912 toward Hammond. Head south on Calumet Ave. Turn east onto Conkey Street. Property will be on the right-hand side
School Information
- High School District: Hammond
Heating & Cooling
- Heating Type: Natural Gas
Structural Information
- Square Feet: 6,000
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Features: Back Yard, Rectangular Lot, Near Public Transit, Paved, Corner Lot
Financial Considerations
- Tax Amount: $4,125.38
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: FRANKLIN ADD. ALL L.2 & 3 BL.7
- Property ID: 450601410002000023
Listed by Listing Leaders Northwest
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— 532-34 Conkey St —
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NMLS#: 1598647
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Schools
Schools serving 532-34 Conkey St
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Lew Wallace Elementary School 6235 Jefferson Avenue, Hammond, IN 46324 | PK-5 | 0.3 mi |
Henry W Eggers Elem/Md School 5825 Blaine Ave, Hammond, IN 46320 | 6-8 | 0.4 mi |
Hammond High School 5926 Calumet Avenue, Hammond, IN 46320 | 9-12 | 0.4 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 532-34 Conkey St
Tax History
Tax History for 532-34 Conkey St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,609
—
$131,600
2%
2024
$5,609
-5%
$128,500
5%
2023
$5,874
-17%
$122,900
—
2022
$7,103
3%
$122,500
-8%
2020
$6,879
13%
$133,200
—
2019
$6,096
2%
$133,200
1%
2018
$6,000
-3%
$131,900
3%
2017
$6,199
—
$127,900
2%
2017
$6,199
14%
$124,800
—
2016
$5,447
12%
$124,800
3%
2015
$4,848
-16%
$121,700
1%
2013
$5,765
2%
$120,400
1%
2012
$5,657
—
$119,200
—
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 532-34 Conkey St
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,680Sq. Ft.
Listed by Better Homes and Gardens Real
- Condo
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,315Sq. Ft.
Listed by Watson Real Estate Services
- Condo
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 3,292Sq. Ft.
Listed by Better Homes and Gardens Real
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,099Sq. Ft.
Listed by Listing Leaders Executive RE
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- Condo
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,315Sq. Ft.
Listed by Watson Real Estate Services
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 2,016Sq. Ft.
Listed by Weichert Realtors - Shoreline
- Condo
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 900Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,168Sq. Ft.
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- Multi-Family
- Closed
- 5Total Beds
Listed by Ellsbury Commercial Group LLC
Sold by Non Member
Sold by Non Member
- Single Family
- Closed
- Updated 3 days ago
- 5Beds
- 4Total Baths
- 3,760Sq. Ft.
Listed by Favela Real Estate, LLC
Sold by Listing Leaders Northwest
Sold by Listing Leaders Northwest
- Single Family
- Closed
- 4Beds
- 2Total Baths
- 3,146Sq. Ft.
Listed by @properties/Christie's Intl RE
Sold by Real Broker, LLC
Sold by Real Broker, LLC
- Single Family
- Closed
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 3,135Sq. Ft.
Listed by Realty Executives Premier
Sold by Realty Executives Premier
Sold by Realty Executives Premier
532-34 Conkey Street, Hammond, IN 46324 (MLS# 836484) is a Commercial property. 532-34 Conkey Street is currently listed for $489,999 and was received on April 03, 2026. Want to learn more about 532-34 Conkey Street? 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.