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540 165th Street

Hammond, IN 46324
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Bed 0

Bed

Bath 0

Bath

Acres0.14

Acre(Lot)

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 func tional 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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $249,900

AD Id : 86573280

MLS Id : NRA841327

Lot Size : 0.14 Acre

Year Built : 1941

County : Lake

Subdivision: F B Halls

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Feature Features

  • Room Information

    Has Basement: Yes

    Interior Features

    Entrance Foyer, Soaking Tub, Laminate Counters, Eat-in Kitchen Appliances: Gas Range, Stainless Steel Appliance(s), Refrigerator, Gas Water Heater
  • Heating & Cooling

    Heating: Hot Water, Natural Gas WaterSource: Public

  • Building Information

    Year Built: 1941

  • Lot Information

    Lot Description: Back Yard, Near Public Transit, Front Yard, Few Trees Lot Square Feet: 6229 Lot Acres: 0.143

    Property Information

    Property Type: Residential Income Sub Type: Duplex

  • Tax Information

    Tax Legal Description: F. B. HALL'S SUB. L.21 BL.1 ALL L.22 BL.1 Annual Tax: $4100 Tax Year: 2025 Parcel Number: 450612202004000023

  • Parking Information

    Total Parking: 6 Additional Parking, Off Street, Gravel, Alley Access

  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: F B Halls City: Hammond Direction: From E 37th Ave/E Ridge Road turn right onto Calumet Avenue. Turn left onto E 165th Street.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
606 Spruce Street, Hammond, IN, 46324 $299,900 4 2 --
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ByOwner last updated this listing 06/28/2026 @ 06:20

MLS: NIRA #841327 LISTED BY: Ruza Jevtic, Realty Executives Premier 219-462-2224 SOURCE: Northwest Indiana REALTORS® Association (formerly GNIAR) (Listings courtesy of Northwest Indiana REALTORS® Association (formerly GNIAR) as distributed by MLS GRID)

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