Movoto Real Estate
Sold on 07/31/2026
  • Exterior
  • Living
  • Other
  • Entry Way
  • Kitchen
  • Bedroom
  • Bath

540 165th St, Hammond, IN 46324

  • $187,000

    Last sold 07/31/2026

  • bed

  • bath

Multi-family not for sale
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About 540 165th St

Property type Multi-family
Neighborhood
Year built 1941
HOA fee $0/month
Lot size 6,229 Sqft
Rental estimate
Property description
Opportunity is knocking in the rapidly growing City of Hammond! This solid all-brick two-unit income property offers the perfect blend of investment potential, anyone seeking a multi family opportunity or long-term value, whether you're an investor looking to expand your portfolio or an owner-occupant ready to build equity while generating rental income. With separate entrances, a shared foyer, and privacy between units, this property provides flexibility for a variety of living and investment scenarios. The main level unit features 2 spacious bedrooms, a large eat-in kitchen with ample room for dining, a walk-in shower, and newer appliances. Upstairs, the second unit offers 1 bedroom, a full bath, also newer appliances and a generously sized eat-in kitchen, creating a comfortable and functional layout. An unfinished full basement provides abundant storage space and offers additional possibilities for future use. Outside, the private parking lot accommodates up to 6 vehicles, a valuable convenience for tenants and owners alike. Ideally located near major interstates with easy access to Chicago, public transportation, restaurants and shopping, this property offers easy access for commuters while remaining close to everything Hammond has to offer. Adding even more potential, the building was originally a commercial property and may offer the possibility of conversion back to commercial use. Properties with this level of flexibility, income potential, and location don't come around often. Whether you're looking to invest, occupy, or explore future opportunities, this is one you won't want to miss. Schedule your showing today and see firsthand all the possibilities this unique property has to offer!
Listed by
Listing Agent - Ruza Jevtic
Listing Agent Contact: (219) 462-2224
Listing Office - Realty Executives Premier
Source: NIRA mls logo
MLS#841327 • last updated 2 weeks ago
Movoto checked NIRA for data 24 minutes ago
Overview
Heating Hot Water, Natural Gas
Levels/Style Two
Type Residential Income
SubType Duplex
Status Closed
MLS # 841327
Lot Size (Acres) 0.143
Lot Size (SqFt) 6229
Property Tax 4100
Year Built 1941
Interior
Interior Features Entrance Foyer, Soaking Tub, Laminate Counters, Eat-in Kitchen
Appliances Gas Range, Stainless Steel Appliance(s), Refrigerator, Gas Water Heater
Exterior
Parking Desc Additional Parking, Off Street, Gravel, Alley Access
# of Parking Spaces 6
Lot Desc Back Yard, Near Public Transit, Front Yard, Few Trees
Amenities / Utilities
Water Source Public
Pets Allowed Yes
Location
View City, Neighborhood
County Lake
Subdivision F B Halls
High School District Hammond
Directions From E 37th Ave/E Ridge Road Turn Right Onto Calumet Avenue. Turn Left Onto E 165th Street.
APN 450612202004000000
Multifamily Details
Owner Pays Exterior Maintenance, Water, Trash Collection, Taxes, Sewer, Repairs, Insurance, HVAC Maintenance, Gas
Rental est.: $1,575/month
Gross rent multiplier: 9.9 - Good
  • Jul 2026
    mls logo MLS # 841327
  • Jul 31, 2026 Sold
    $187,000 (-25.2%)
  • Jul 18, 2026 Pending
  • Jul 12, 2026 Listed
  • Jul 1, 2026 Pending
  • Jun 26, 2026 Listed
    $249,900 (+112.7%)
  • Feb 2024
    mls logo MLS # 474728
  • Feb 28, 2024 Sold
    $117,500 (-32.9%)
  • Aug 3, 2020 Contingent - Si
  • Jun 19, 2020 Price Change
    $125,000 (-3.8%)
  • May 22, 2020 Listed
    $129,900
  • Sep 2021
    mls logo MLS # 501583
  • Sep 27, 2021 Listed
    $175,000 (+40.0%)
  • 540 165th St
    $187K
  • F B Halls
  • 46324
    $200K -1% y/y
  • Hammond
    $199K -4% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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