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$4,200,000 Just Listed
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Property Description
Rare opportunity to acquire a 28-unit multifamily portfolio in Porter, Indiana, consisting of three townhome-style properties totaling approximately 37,240 SF. The portfolio includes one 12-unit property and two 8-unit properties, with all units featuring 2-bedroom, 1.5-bath layouts. Properties are individually metered, with tenants responsible for electric, gas, water/sewer and trash, creating a low owner expense structure. Private outdoor space, in-unit laundry hookups and additional garage income enhance the offering. Strong in-place income with additional upside through continued rent growth. Conveniently located near I-94, US-20, the South Shore Line and Indiana Dunes National Park. Properties are available for purchase as a complete 28-unit portfolio or individually. Excellent opportunity for an investor seeking immediate scale in Northwest Indiana's multifamily market.
Full Property Details
Full Property Details for 1230 Lake Charles Ave
General
- Price: $4,200,000
- Taxes: $61,090 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: GNIAR
- MLS ID: 844657
- Updated: 9/1/2026
- Added to Site: Today
Location
- County: Porter
- Township: Westchester
- Driving Directions: US-20 to Waverly Road. North on Waverly Road to Lake Charles Avenue. Properties are located along Lake Charles Avenue/Lawson Lane in Porter
Heating & Cooling
- Heating Type: Natural Gas
Structural Information
- Square Feet: 37,240
- Year Built: 1995
Lot Features
- Lot Size (Acres): 3.33
- Lot Size (Sq. Ft.): 145,054.8
Financial Considerations
- Tax Amount: $61,090
- Tax Year: 2025
- Terms: Cash, Other
Disclosures and Reports
- Legal Description: Lake Charles Sub Lot 8, Lake Charles Sub Outlot 1, PAR IN SW NE S HWY 20 DESC 99-000377 34-37-6 1A
- Property ID: 640334256001000026
Listed by Ellsbury Group
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Schools
Schools serving 1230 Lake Charles Ave
School District:Duneland School Corporation
| Name | Grades | Distance |
|---|---|---|
Newton Yost Elementary School 100 West Beam Street, Porter, IN 46304 | K-4 | 0.7 mi |
Chesterton Senior High School 2125 South 11th Street, Chesterton, IN 46304 | 9-12 | 2.2 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 1230 Lake Charles Ave
Date
Details
Price
Change
Source
9/01/2026
Listed
$4,200,000
—
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 1230 Lake Charles Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$25,767
9%
$1,082,100
-3%
2024
$23,556
-1%
$1,116,900
6%
2023
$23,723
52%
$1,058,600
57%
2022
$15,626
2%
$675,900
—
2021
$15,245
—
$675,900
—
2020
$15,245
—
$675,900
—
2019
$15,245
—
$675,900
—
2018
$15,245
—
$675,900
—
2017
$15,245
—
$675,900
—
2016
$15,245
—
$675,900
—
2015
$15,245
-17%
$675,900
-34%
2013
$18,349
—
$1,031,400
—
2012
$18,349
—
$1,031,400
—
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 1230 Lake Charles Ave
1230 Lake Charles Avenue, Westchester Township, IN 46304 (MLS# 844657) is a Commercial Multi-Family property. 1230 Lake Charles Avenue is currently listed for $4,200,000 and was received on September 01, 2026. Want to learn more about 1230 Lake Charles Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Porter? You can browse all Porter real estate or contact a Coldwell Banker agent to request more information.

