Movoto Real Estate
Sold on 09/30/2025
  • Exterior
  • View/Area
  • Living
  • Kitchen
  • Bath
  • Bedroom
  • Entry Way

1150 Indiana Ave, Griffith, IN 46319

  • $538,000

    Last sold 09/30/2025

  • bed

  • bath

Multi-family not for sale
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About 1150 Indiana Ave

Property type Multi-family
Neighborhood
Year built 1968
HOA fee $0/month
Lot size 7,710 Sqft
Movoto estimate
Rental estimate
Property description
FANTASTIC MOVE-IN READY 4 UNIT INVESTMENT PROPERTY IN GRIFFITH! This well-maintained 4-unit building offers steady income, low maintenance, and a prime location, featuring (3) two-bedroom/one-bath apartments and (1) one-bedroom/one-bath apartment. All units are fully occupied with long-term tenants on active leases for reliable cash flow. Recent renovations include complete gut rehabs of Units 3 & 4 in 2024 with new kitchens featuring quartz countertops, custom cabinetry, appliances, windows, updated bathrooms, carpet, and in-unit A/C, along with exterior improvements such as new windows, professional landscaping, daylight security lighting, and a fully lit parking lot. Building and mechanical updates include a serviced boiler, new water heater (2025), new commercial washer and dryer, upgraded electrical panels for renovated units, and a roof replaced approximately 10 years ago. This property is a fantastic opportunity for investors seeking strong returns and long-term stability. Commercial washer ad dryer located in basement, provides additional cash flow.**Low maintenance and upside to rent increases!
Listed by
Listing Agent - Carla Gorman
Listing Office - Baird & Warner Res. Sales Inc.
Source: NIRA mls logo
MLS#826503 • last updated 9 months ago
Movoto checked NIRA for data 6 minutes ago
Overview
Heating Baseboard
Levels/Style Quad-Level
Type Residential Income
SubType Quadruplex
Status Active
MLS # 826503
Lot Size (Acres) 0.177
Lot Size (SqFt) 7710
Property Tax 5057
Year Built 1968
Interior
Laundry Laundry Room
Interior Features Open Floorplan, Stone Counters
Appliances Dryer, Washer, Refrigerator, Gas Water Heater, Electric Range
Exterior
Parking Desc Asphalt, Paved
# of Parking Spaces 4
Exterior Features Lighting
Lot Desc Cul-De-Sac, Paved, Landscaped
Amenities / Utilities
Utilities Cable Available, Sewer Connected, Water Connected, Electricity Connected
Water Source Public
Pets Allowed No
Pool None
Security Features Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
Location
County Lake
Subdivision Brinwood Add
High School District Griffith
Directions 45th To Broad, North To Brinwood, East To Indiana
APN 450726331007000000
Multifamily Details
Owner Pays Hot Water, Water, Trash Collection
Gross Income 55800
$513K
Range: $456K-$569K
Last 30 days 
Rental est.: $1,190/month
Gross rent multiplier: 37.7
  • Sep 2025
    mls logo MLS # 826503
  • Sep 30, 2025 Sold
    $538,000 (-2.0%)
  • Aug 29, 2025 Pending
  • Aug 22, 2025 Listed
    $549,000 (+40566.7%)
  • Jan 2024
    mls logo MLS # 544256
  • Jan 29, 2024 Listed
    $1,350 (-99.7%)
  • May 2022
    mls logo MLS # 511924
  • May 20, 2022 Pending
  • May 18, 2022 Active Undr Contract
  • May 5, 2022 Listed
    $425,000
  • May 5, 2022 Listed
    $425,000
  • 1150 Indiana Ave
    $538K
  • Brinwood Add
  • 46319
    $259K -1% y/y
  • Griffith
    $261K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Source: GreatSchools.org © 2026. All rights reserved.

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