IN > Merrillville > Hilldale Sub
Merrillville, IN 46410,5629 Massachusetts ST
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Merrillville, IN 46410,5629 Massachusetts ST
Merrillville, IN 46410,5629 Massachusetts ST
Merrillville, IN 46410,5629 Massachusetts ST
Merrillville, IN 46410,5629 Massachusetts ST
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Trueblood Real Estate

Trueblood Real Estate

+1(317) 513-1395
$ 499,000
Est. payment /mo
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Active

5629 Massachusetts ST Merrillville, IN 46410

7 Beds

4 Baths

10,062 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 10,062 sqft

Price per Sqft $49

Subdivision Hilldale Sub

MLS Listing ID 826811

Bedrooms 7

Full Baths 4

Year Built 1973

Annual Tax Amount $5,842

Tax Year 2024

Lot Size 10,062 Sqft

Acres 0.231

Property Sub-Type Quadruplex

Property Description

Welcome to 5629 Massachusetts Street in Merrillville, a solid brick four-unit multifamily property available mid-August. This well-maintained building offers a reliable rental history, recent updates, and opportunities for future value growth.The property includes four fully leased apartments. The bottom two units (1 and 2) feature brand-new tenants with one-year leases starting September 15. Unit 3 is a two-bedroom currently on a month-to-month lease with garage access, offering an excellent opportunity for updates and increased rent in the future. Unit 4 has a tenant with a newly renewed lease. Owner-paid utilities for the bottom two units include electric, gas, water, trash, and sewer, averaging about 400 per month. Additional income is generated by a coin-operated washer and dryer on site, which typically produces 70 to 100 per month.Recent improvements add to the appeal of this investment, including a new roof and gutters installed approximately four years ago, along with at least two new AC units. Each apartment comes equipped with its own range and refrigerator, all included in the sale.With excellent annual rent, plus laundry income, this property provides stable returns with clear upside potential. It is an excellent opportunity for investors seeking both immediate income and long-term growth.

Location

State IN

County Lake

Interior

Interior Features Stone Counters

Heating Forced Air

Fireplace N

Appliance Built-In Gas Range, Refrigerator, Gas Water Heater, Dryer

Exterior

Exterior Feature None

Garage Spaces 2.0

View Y/N true

View true

Building

Lot Description Rectangular Lot

Story Bi-Level

Others

Tax ID 451203155007000030

SqFt Source Assessor

Acceptable Financing NRA20250828025455889997000000

Listing Terms NRA20250828025455889997000000

Pets Allowed No

Listed by Compass Indiana, LLC
agent

Trueblood Real Estate

Brokerage | RB14046098

+1(317) 513-1395

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5629 Massachusetts ST

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