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Sold on 10/16/2024

6618 Meadow Ln, Hammond, IN 46324

  • $359,000

    Last sold 10/16/2024 for $356K

  • 4

    bed

  • 4

    bath

Multi-family not for sale
Movoto is helping 56 homebuyers near you

About 6618 Meadow Ln

Property type Multi-family
Neighborhood
Year built 1927
HOA fee $0/month
Lot size 8,320 Sqft
Movoto estimate
Parking 4 garage spaces
Property description
Amazing Investment Opportunity! FULLY OCCUPIED, 4 UNIT property situated near Hammond's Historic Downtown Corridor. All units have been updated in recent years and host 1 bed, 1 bath and feature a spacious living room and eat-in kitchen with stove and fridge, high ceilings, wood floors and beautiful trim throughout. New deck boards, new furnaces, and exterior tuckpointing were done around 2021. The full basement has freshly painted epoxy floors and includes secured storage rooms that could be rented to tenants for added income as well a a coin operated washer and dryer. Outside you'll find a private parking area that was recently paved plus a 4 car garage that's currently being used as storage by the owner but could be rented to tenants for additional income. Property currently sits at a 6.9% cap rate and projects to a 8.5%+ cap after rent stabilization. Tenants are responsible for electric and heat. Don't miss out on this great opportunity!
Listed by
Listing Agent - Erica Garcia
Listing Office - Realty Executives Premier
Source: NIRA mls logo
MLS#807232 • last updated 1 year ago
Movoto checked NIRA for data 13 minutes ago
Overview
Heating Forced Air, Natural Gas
Levels/Style Three Or More
Type Residential Income
SubType Quadruplex
Status Closed
MLS # 807232
Lot Size (Acres) 0.191
Lot Size (SqFt) 8320
Property Tax 8760
Year Built 1927
Interior
Total # of Bathrooms 4
# of Full Baths 4
# Bedrooms 4
Total # of Rooms 16
Laundry Common Area, See Remarks, In Basement
Interior Features Eat-in Kitchen
Appliances Dryer, Range, Washer, Refrigerator
Exterior
Parking Desc Additional Parking, On Street, Detached, Asphalt
# Garage Spaces 4
# of Parking Spaces 8
Exterior Features Storage
Lot Dimensions 50 X 166
Lot Desc Front Yard, Paved, Landscaped
Patio/Porch Rear Porch
Fencing None
Amenities / Utilities
Utilities Electricity Available, Sewer Available, Natural Gas Available
Water Source Public
Location
View None
County Lake
Subdivision Meadow Grove Add
High School District Hammond
Directions North On Calumet Ave, West On 173rd, North On Hohman Ave, East On Locust St, North On Meadow Lane
APN 45-06-12-131-011.000-023
Multifamily Details
Owner Pays Common Area Maintenance, Water, Trash Collection, Taxes, Sewer, Insurance
Total Rent 39600
Net Operating Income 26320
Gross Income 39600
Lot/ Land Details
Road Surface Asphalt
$359K
Range: $323K-$394K
Last 30 days 
  • Oct 2024
    Public Records
  • Oct 16, 2024 Sold
    $356,500
  • Oct 2024
    mls logo MLS # 807232
  • Oct 11, 2024 Sold
    $356,500 (-5.9%)
  • Jul 20, 2024 Listed
    $379,000 (+30.7%)
  • Apr 2022
    mls logo MLS # 508742
  • Apr 8, 2022 Sold
    —
  • Mar 16, 2022 Pending
    —
  • Mar 11, 2022 Listed
    $290,000
  • 6618 Meadow Ln
    $356K
  • Meadow Grove Add
    —
  • 46324
    $200K -1% y/y
  • Hammond
    $199K -4% y/y
No chart available
Statistics calculated by Movoto

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3/10
Kenwood Elementary School
public Grades PK, K-6
School City Of Hammond
4/10
Henry W Eggers Elem/Md School
public Grades 7-8
School City Of Hammond
2/10
Hammond High School
public Grades 9-12
School City Of Hammond
Source: GreatSchools.org © 2026. All rights reserved.

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