Hammond, IN Real Estate Search

Hammond, IN Homes for Sale

About Hammond, Indiana

Hammond, Indiana, is a vibrant city located in Lake County, just 20 miles southeast of downtown Chicago. Known for its rich industrial history and diverse community, Hammond offers a range of opportunities for residents and businesses alike. With a population of over 77,000 people, the city has a strong real estate market that attracts both homebuyers and investors.

Residential Real Estate

Hammond's residential real estate market offers a variety of housing options to suit different budgets and preferences. The city is dotted with charming neighborhoods featuring a mix of well-maintained, traditional single-family homes, cozy bungalows, and modern condominiums. Many properties in Hammond boast spacious yards, perfect for families and outdoor enthusiasts. The average home price in Hammond is relatively affordable compared to neighboring cities, making it an attractive choice for first-time homebuyers.

Commercial Real Estate

Hammond has a thriving commercial real estate market, making it an ideal location for businesses and investors. The city offers a range of commercial properties, including office spaces, retail storefronts, and industrial properties. Its strategic location near major transportation arteries, such as I-80/94 and the Chicago Skyway, provides easy access to regional and national markets. Additionally, Hammond's business-friendly environment, competitive operating costs, and an abundant labor pool make it an enticing destination for companies looking to expand or relocate.

Investment Opportunities

Real estate investors find Hammond, Indiana, to be an attractive market with excellent investment opportunities. The city's affordable housing prices and steady rental demand make it ideal for those seeking rental properties. Furthermore, Hammond's proximity to Chicago and other major metropolitan areas ensures a consistent flow of potential tenants. Investors can find properties that generate positive cash flow and appreciate in value over time, providing a solid return on investment.

Community and Amenities

Hammond offers a wide range of amenities and attractions to its residents. The city is home to beautiful parks, recreational centers, and cultural venues, providing ample opportunities for outdoor activities and entertainment. Hammond is also known for its excellent educational institutions, including Purdue University Northwest and the School City of Hammond, making it an appealing choice for students and families. Moreover, the city's convenient access to Lake Michigan allows residents to enjoy nearby beaches, marinas, and waterfront promenades.

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Hammond, IN Homes for Sale

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Newest Hammond, IN Homes for Sale

5 Beds 5 Baths
Super Site at a Kennedy Avenue Stoplight Corner in Hessville. 2 Apartments, Tavern with leased kitchen. Extra lot with large area for potential paved parking lot fronting on Cleveland St. Another fenced open area fronting Kennedy suitable for Beer Garden or building expansion.Always wanted to own a bar with Bonus Rental Income? This is it!Bar kitchen contracted out for $100/week plus that tenant pays NIPSCO for kitchen and a one bedroom apartment. (This apartment rents for $800/month including utilities. Month to month lease.) 4 bedroom apartment pays $1200/month plus their own NIPSCO. Month to month lease also. Long time current owner operates the tavern, enjoys a booming business. 3 way liquor license included in package. Per State Law, alcohol inventory to be settled outside of the real estate sale.Retiring early? '30 and out' from the mill? Want to stay busy? Call your agent to see this bargain!Gross income shown is for the rentals, not the business income. 'Electricity' expense shown includes gas for heating the tavern. Water expense includes the sewer bill. Insurance expense is factored out for the building. Business and building insurance total is $360/month. Rent on the one bedroom is reduced to $500. while tenant is employed by tavern. As Is Addendum attached. Need 48 hour notice to show apartments. Tavern showings much easier. Working on list of business fixtures that ar included. Will be attached to listing. Contact your agent for copy.

6405 Kennedy Avenue, Hammond

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