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$585,000

  • Sold
  • Closed
  • Multi-Family
  • 8 Total Beds
  • Updated 9 days ago
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Excellent investment opportunity to acquire a well-maintained 4-unit townhome community in the highly desirable Porter area, just minutes from the Indiana Dunes National Park, I-94, and the South Shore commuter rail. Built in 1993, each spacious unit features approximately 1,330 SF with 2 bedrooms, 1.5 bathrooms, open-concept living areas, vaulted ceilings, granite countertops, stainless steel appliances, private rear decks, and in-unit washer/dryer hookups. Each unit is individually metered with tenants responsible for electric, gas, water/sewer, and trash, minimizing owner expenses. Recent capital improvements include roof replacement, HVAC and water heater updates, and parking lot resurfacing. Current rents provide immediate cash flow with significant upside as rents move toward market levels. An outstanding value-add opportunity in one of Northwest Indiana's strongest rental markets.

Full Property Details for 1291-1297 Lake Charles Ave

General

  • Sold For: $585,000
  • Taxes: $7,500 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: GNIAR
  • MLS ID: 842347
  • Added to Site: 51 day(s) ago

Interior

  • Interior Features: None
  • Appliances: Gas Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Full Bathrooms: 4
  • Half Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Parking Features: Additional Parking, Off Street, Paved

Location

  • County: Porter
  • Township: Westchester
  • Subdivision: Lake Charles Sub
  • Driving Directions: From I-94, take Exit 22 for IN-49 toward Chesterton/Porter. Head north on IN-49 approximately 2 miles, then turn left (west) onto US-20. Continue approximately 0.5 mile and turn right onto Lake Charles Avenue. Property is located on the left

Heating & Cooling

  • Heating Type: Forced Air, Natural Gas

Structural Information

  • Year Built: 1993

Lot Features

  • Lot Size (Acres): 0.463
  • Lot Size (Sq. Ft.): 20,168
  • Lot Features: Back Yard, Paved

Financial Considerations

  • Tax Amount: $7,500
  • Tax Year: 2024
  • Terms: Cash, VA Loan, FHA, Conventional

Disclosures and Reports

  • Legal Description: LAKE CHARLES SUB LOT 13
  • Property ID: 640334403004000026

Listed and Sold by Ellsbury Group

Listing agent

— 1291-1297 Lake Charles Ave —

  • Ellsbury Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1291-1297 Lake Charles Ave

School District:Duneland School Corporation
NameGradesDistance
Newton Yost Elementary School
100 West Beam Street, Porter, IN 46304
K-40.8 mi
Chesterton Senior High School
2125 South 11th Street, Chesterton, IN 46304
9-122.2 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 1291-1297 Lake Charles Ave

Date
Details
Price
Change
Source
8/27/2026
Sold
$585,000
1.74%
MLS
7/17/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Ellsbury Group

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Price Reduced near 1291-1297 Lake Charles Ave

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455 Woodlawn Ave, Chesterton, IN 46304 - Photo 1 Price Reduced
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Recent Sales near 1291-1297 Lake Charles Ave

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2337 Pradera Trl, Chesterton, IN 46304 - Photo 1 Sold
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2337 Pradera Trl  Chesterton, IN 46304

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Sold by Brokerworks Group

1291-1297 Lake Charles Avenue, Westchester Township, IN 46304 (MLS# 842347) is a Multi-Family property that was sold at $585,000 on August 27, 2026. Want to learn more about 1291-1297 Lake Charles Avenue? Do you have questions about finding other Multi-Family real estate for sale in Westchester Township? You can browse all Westchester Township real estate or contact a Coldwell Banker agent to request more information.