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7550 Columbia Ave, Hammond, IN 46324

$368,000

Last sold date unavailable

  • 7

    bed

  • —

    bath

  • 3,410

    Sqft ($106/Sqft)

Multi-family not for sale
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About 7550 Columbia Ave

Property type Multi-family
Neighborhood
Year built 1971
HOA fee $0/month
Lot size 6,665 Sqft
Movoto estimate
Property description
Hidden GEM on the Hammond- Munster border! The numbers speak for themselves. GREAT cash flow! Move in and live for free! This unusual, all brick, one level building, would be a great new asset for your portfolio. ( It is FULLY leased ) OR it could be a family compound, with extra income. The 3 bedroom, 1 bath unit, could be owner occupied, with some of the additional 4 One bedroom units housing Mothers- in -laws, grown kids, and still provide additional income every month! Updates include New kitchen cabinets, new counter tops and flooring in most units. New Windows. Roof 4-5 years old. Tenants pay their own utilities, which include electric base board heating, and electric stoves. Each unit has its own electric HWH. Owner pays common electric and water for security lights, and water in laundry. Coin- ops provide an additional 1,440. Per year in income. Don't wait to make your appointment!
Listed by
Listing Agent - Ruth A. Mavronicles
Listing Office - @properties/Christie's Intl RE
Source: NIRA mls logo
MLS#480956 • last updated 2 years ago
Movoto checked NIRA for data 20 minutes ago
Overview
Heating Baseboard, Electric
Type Residential Income
SqFt 3410
Status Closed
MLS # 480956
Lot Size (Acres) 0.153
Lot Size (SqFt) 6665
Year Built 1971
Interior
# of Full Baths 7
# Bedrooms 7
Total # of Rooms 19
Interior Features Elevator
Appliances Range, Refrigerator
Exterior
Parking Desc None
# of Parking Spaces 6
Lot Dimensions 56x116
Amenities / Utilities
Utilities Cable Available, Electricity Available, Natural Gas Available, Sewer Available
Water Source Public
Location
County Lake
Subdivision Quinnton Terrace
Directions Columbia Ave- North Of Ridge Rd . Just South Of 175th ( Light) Turn West And South Onto OLD Columbia (Ave. (runs Parallel To Columbia ) To 7550
APN 450718179039000000
Multifamily Details
Gross Scheduled Income 38820
Total Rent 37380
Net Operating Income 28264
Gross Income 1440
Lot/ Land Details
Road Surface Asphalt
$368K
Range: $290K-$445K
Last 30 days 
  • Sep 2020
    mls logo MLS # 480956
  • Sep 2, 2020 Listed
    $360,000
  • Year Property taxes Tax assessment
  • 2024
    $10,474 -38.3%
    $348,800 -1.86%
  • 2023
    $16,987 +72.3%
    $355,400 -3.37%
  • 2022
    $9,856 -49.9%
    $367,800
  • 2021
    $19,663 +97.0%
    $367,800 -0.81%
  • 2020
    $9,983 +55.7%
    $370,800 +91.83%
  • 2019
    $6,412
    $193,300
  • 7550 Columbia Ave
    $360K
  • Quinnton Terrace
    —
  • 46324
    $200K -4% y/y
  • Hammond
    $199K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Frank O'bannon Elementary School
public Grades PK, K-6
School City Of Hammond
2/10
Charles N Scott Middle School
public Grades 7-8
School City Of Hammond
2/10
Morton Senior High School
public Grades 9-12
School City Of Hammond
Source: GreatSchools.org © 2026. All rights reserved.

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