7135 Columbia Ave Hammond, IN 46324

Three townhomes in south Hammond next to the private preK through 8th grade school, less than 5 minutes from the new south Hammond West lake extension commuter rail station to Chicago! Each home is occupied with long term renters. Solid brick construction with large, two bedroom, townhomes totaling over 1100 square feet! Renters do pay their own gas and electric, owner cover water, sewer and trash. Gross receipts currently sit at 3225 per month with plenty of room to grow on any new lease. Layouts include living room, dining room, Kitchen, two bedrooms, and a full bath. The prime location near not only private schools but also the public K-5, nearby Columbia Plaza shopping district that is included in the West Lake Transit Development District (TDD) ensure further investment in the near future, as well a close proximity to the Erie Lackawanna protected bike trails with bridges over crossings that make it a breeze to ride your bike to the trains if you so desire! Properties like this solid brick mid century apartment building is illegal to build in most areas today. That zoning highlight might be bad for keeping rents low but it is great for someone who can purchase this well maintained, income producing property, with desirable timeless layouts, and the last glimpse of housing affordability in this very well maintained mid century boom town preparing to start it's next chapter with the addition of 3 new commuter rail lines to north to Chicago or south to Munster and Dyer along the cities western border. The possibilities are endless, do not miss your chance to own this unique, well kept, income producing mid-century moneymaker!