216-220 Hollywood AVE Save Request In-Person Tour Request Virtual Tour
Munster,IN 46321
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,959 sqft
Price per Sqft $93
Subdivision Hollywood
MLS Listing ID 817283
Year Built 1943
Annual Tax Amount $7,718
Tax Year 2024
Lot Size 3,959 Sqft
Property Sub-Type Duplex
Property Description
Prime investment opportunity in Munster, IN--this fully rented duplex at 216-220 Hollywood Ave is an excellent addition to any portfolio. Both units are leased, providing immediate cash flow with zero owner-paid utilities. The property features two identical units, each offering 2 bedrooms and 1 bathroom. The 216 unit is currently rented for 1,620 per month with a lease in place through June 30, 2025, while the 220 unit is leased at 1,550 per month until August 31, 2025. With a total annual rental income of 37,440 and a pro forma potential of 43,200, this property offers strong returns with room for future rent increases.Financially, the property is low-maintenance with annual insurance costs of 1,300 and 2025 property taxes of 3,743.60 for Unit 216 and 3,974.44 for Unit 220. Located in a sought-after rental market with top-rated schools and convenient access to Chicago, this duplex is ideal for investors seeking stable, long-term income. Whether you're looking for steady passive income or a property with growth potential, this is a turnkey investment you won't want to miss.
Location
State IN
County Lake
Interior
Heating Forced Air,Natural Gas
Exterior
Exterior Feature Other,Private Yard,Storage,Rain Gutters
Garage Spaces 2.0
View Y/N true
View true
Building
Lot Description Back Yard,Front Yard,Near Public Transit
Story Two
Others
Acceptable Financing NRA20250303201647790171000000
Listing Terms NRA20250303201647790171000000
Pets Allowed Yes