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$650,000 Just Listed
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Property Description
This offering presents a rare opportunity to acquire a portfolio of four well-maintained five-unit apartment buildings located in the South Hammond, Indiana submarket. The properties may be purchased individually or as a portfolio, providing flexibility for investors seeking either a single asset or the opportunity to quickly expand their multifamily holdings. Each building consists of one spacious three-bedroom, two-bath apartment and four oversized one-bedroom, one-bath apartments. The larger unit mix provides a unique appeal to a broad tenant base while offering above market rental income. Across the portfolio's 20 total units, 15 have been recently renovated with modern interior finishes, significantly reducing near-term capital expenditures. Situated just minutes from major highways, employment centers, shopping, and the Illinois state line, the portfolio benefits from South Hammond's convenient location and consistent rental demand. The area's affordability compared to neighboring Chicago communities continues to attract both residents and investors, making these properties an attractive long-term investment. Whether acquired individually or as a package, this portfolio offers investors the opportunity to purchase well-located multifamily assets with a combination of in-place cash flow, recent capital improvements, and additional upside through the renovation of the remaining units and continued rent optimization. Other addresses: 7050 Idaho Ave, 7027 Parrish Ave, 7100 Idaho Ave. All are in Hammond on the same block.
Full Property Details
Full Property Details for 7105 Parrish Ave
General
- Price: $650,000
- Taxes: $10,066 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: GNIAR
- MLS ID: 842305
- Updated: 7/15/2026
- Added to Site: 2 day(s) ago
Location
- County: Lake
- Township: North
- Driving Directions: From I-80/I-94, take Exit 2 north on Cline Avenue. Continue for approximately 1.5 miles, then turn left onto 169th Street. Drive about 0.8 miles and turn right onto Idaho Avenue.
Heating & Cooling
- Heating Type: Baseboard, Other
Structural Information
- Square Feet: 5,220
- Year Built: 1978
Lot Features
- Lot Size (Acres): 0.1739
- Lot Size (Sq. Ft.): 7,575
Financial Considerations
- Tax Amount: $10,066
- Tax Year: 2025
- Terms: Cash, Other, Conventional
Disclosures and Reports
- Legal Description: PARRISH PARK 2ND ADD LOT 10 AND N.12.5 FT LOT 11
- Property ID: 450710351002000023
Listed by Ellsbury Group
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Schools
Schools serving 7105 Parrish Ave
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Joseph Hess Elementary School 3640 Orchard Drive, Hammond, IN 46323 | PK-5 | 0.9 mi |
Charles N Scott Middle School 3635 173rd Street, Hammond, IN 46323 | 6-8 | 0.6 mi |
Morton Senior High School 6915 Grand Avenue, Hammond, IN 46323 | 9-12 | 0.6 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 7105 Parrish Ave
Date
Details
Price
Change
Source
7/15/2026
Listed
$650,000
—
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 7105 Parrish Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,053
—
$409,200
1%
2024
$12,053
-39%
$404,200
-2%
2023
$19,798
81%
$414,200
1%
2022
$10,950
5%
$408,600
95%
2020
$10,412
51%
$209,800
4%
2019
$6,915
—
$201,600
-7%
2019
$6,915
2%
$216,400
-10%
2018
$6,760
-3%
$239,200
27%
2017
$6,975
—
$188,000
4%
2017
$6,975
19%
$181,400
1%
2016
$5,853
13%
$180,100
-5%
2015
$5,196
-42%
$188,800
1%
2013
$8,921
15%
$186,300
-3%
2012
$7,756
—
$192,100
—
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 7105 Parrish Ave
7105 Parrish Avenue, Hammond, IN 46323 (MLS# 842305) is a Commercial Multi-Family property. 7105 Parrish Avenue is currently listed for $650,000 and was received on July 15, 2026. Want to learn more about 7105 Parrish Avenue? 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.

