5629 Massachusetts Street, Merrillville, IN 46410
- $455,000
- 7
- BD
- 4
- BA
- Sold Price
- $455,000
- List Price
- $499,000
- Status
- CLOSED
- MLS#
- 826811
- Closing Date
- Nov 17, 2025
- Year Built
- 1973
- Days On Market
- 81
- Bedrooms
- 7
- Bathrooms
- 4
- Township
- Ross
- Subdivision
- Hilldale Sub
Property Description
Welcome to 5629 Massachusetts Street in Merrillville, a solid brick four-unit multifamily property available mid-August. This well-maintained building offers a reliable rental history, recent updates, and opportunities for future value growth.The property includes four fully leased apartments. The bottom two units (1 and 2) feature brand-new tenants with one-year leases starting September 15. Unit 3 is a two-bedroom currently on a month-to-month lease with garage access, offering an excellent opportunity for updates and increased rent in the future. Unit 4 has a tenant with a newly renewed lease. Owner-paid utilities for the bottom two units include electric, gas, water, trash, and sewer, averaging about 400 per month. Additional income is generated by a coin-operated washer and dryer on site, which typically produces 70 to 100 per month.Recent improvements add to the appeal of this investment, including a new roof and gutters installed approximately four years ago, along with at least two new AC units. Each apartment comes equipped with its own range and refrigerator, all included in the sale.With excellent annual rent, plus laundry income, this property provides stable returns with clear upside potential. It is an excellent opportunity for investors seeking both immediate income and long-term growth.
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Additional Information
- Acres
- 0.23
- Taxes
- $5,842
- Water
- Public
- Heating
- Forced Air
- Appliances
- Built-In Gas Range, Refrigerator, Gas Water Heater, Dryer
- Agent Name
- Nicole Milford
Listing courtesy of Nicole Milford from Compass Indiana, LLC.
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