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$1,315,000
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Property Description
We are pleased to present a rare and exceptional investment opportunity in a well-maintained 9-unit multifamily property located in the desirable Northwest Indiana community of Highland. This asset offers investors immediate in-place cash flow with additional upside through continued rent growth. The property features a desirable unit mix designed to appeal to a broad tenant base, providing stable occupancy and consistent demand. Many of the units have been updated with modern finishes. The property is situated in a strong suburban location with close proximity to shopping, dining, parks, schools, and major highways, the property offers residents convenience and accessibility to both Northwest Indiana and the greater Chicago metropolitan area. With Highland's strong rental fundamentals and limited supply this offering represents a compelling opportunity for investors seeking a turnkey multifamily asset with both dependable current income and future appreciation/rental growth potential.
Full Property Details
Full Property Details for 9201 Kennedy Ave
General
- Sold For: $1,315,000
- Taxes: $11,962 (2025)
- Status: Closed
- Type: Commercial Multi-Family
- Source: GNIAR
- MLS ID: 838266
- Added to Site: 138 day(s) ago
Exterior
- Exterior Features: Balcony
Parking
- Parking Features: Paved
Location
- County: Lake
- Township: North
- Subdivision: Wicker Blvd Add
- Driving Directions: Driving North on I-94, exit on Kennedy Ave going south. Drive 2 miles on Kennedy ave and the property is on the left just after 40th ave.
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 8,202
- Year Built: 1969
Lot Features
- Lot Size (Acres): 0.286
- Lot Size (Sq. Ft.): 12,458
Financial Considerations
- Tax Amount: $11,962
- Tax Year: 2025
- Terms: Cash, Other
Disclosures and Reports
- Legal Description: WICKER BLVD ADD. ALL LOTS 25, 26, 27 & 28 BL.4
- Property ID: 450728252001000026
Listed by Ellsbury Group
Sold by Non Member
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Schools
Schools serving 9201 Kennedy Ave
School District:Highland School Town
| Name | Grades | Distance |
|---|---|---|
Mildred Merkley Elementary School 9340 5th Street, Highland, IN 46322 | K-5 | 0.3 mi |
Highland Middle School, Highland, IN 2941 41st Street, Highland, IN 46322 | 6-8 | 0.2 mi |
Highland High School, Highland, IN 9135 Erie Street, Highland, IN 46322 | 9-12 | 0.2 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 9201 Kennedy Ave
Date
Details
Price
Change
Source
8/26/2026
Sold
$1,315,000
-2.59%
MLS
5/05/2026
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
9201 Kennedy Avenue, Highland, IN 46322 (MLS# 838266) is a Commercial Multi-Family property that was sold at $1,315,000 on August 26, 2026. Want to learn more about 9201 Kennedy Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Highland? You can browse all Highland real estate or contact a Coldwell Banker agent to request more information.

