Motivated sellers. Multi-faceted investment opportunity. Located minutes from 119th Street, Whihala Beach on Lake Michigan, and Calumet College of St. Joseph. Property includes two separate homes, a large parking area with space for ten or more vehicles, and additional vacant lots to the east and west offering future potential. The front home is vacant and requires a complete remodel. Property is being sold as-is. This presents a strong value-add opportunity for investors or developers. The back home is occupied by long-term tenants on a month-to-month lease, allowing for immediate income. One unit offers five bedrooms, two full bathrooms, a large eat-in kitchen, family room, hobby space, and in-unit laundry, with market rent potential around nineteen hundred twenty five per month or more. The second unit has six bedrooms and two full bathrooms, one on each level, with recent paint and flooring updates. The main level includes a kitchen, living room, and three bedrooms. The upper level features a large family room, three additional bedrooms, and in-unit laundry. Owner covers one water bill. Tenants are responsible for gas and electric through NIPSCO. Ample parking and a roof approximately ten years old add to the value. Ideal opportunity to generate cash flow while planning long-term strategy.
