$320,000
Active Under Contract
19 Days Online
5 Beds5 Baths0 SQFT
Active Under Contract

6405 Kennedy Avenue Hammond, IN 46323

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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 gas for kitchen, the tavern, and the 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 gas and electric. 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 electric for the tavern, one bedroom apt, and the kitchen. 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. ProForma attached. Contact your agent for copy.

  • Property TypeMulti-Family
  • NeighborhoodTurner Meyn Park
  • CountyLake
  • Taxes$5,183
  • HOA/Condo/Coop Fees$0
  • Days on Site19 Days
  • MLS StatusActive Under Contract
  • MLS ID Number804936
  • Home Size Source Assessor
  • Year Built1946
  • Lot Size0.199 Acres
  • Full Baths2
  • Partial Baths3

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General Features

  • Parking Alley AccessOn StreetUnassignedOutsideOpen
  • Parking Spaces 10
  • Sewer Public Sewer
  • Electric 200+ Amp ServiceCircuit Breakers220 Volts
  • Number of Stories One and One Half
  • Acreage 0.199
  • Water Public
  • Zoning Mixed Use
  • Security Closed Circuit Camera(s)Security Lights
  • Property Sub Type Quadruplex
  • Utilities Cable AvailableSewer ConnectedWater ConnectedNatural Gas ConnectedElectricity Connected
  • Listing Conditions Standard
  • Property Condition Updated/ Remodeled

Interior Features

  • Heating Forced AirSeparate MetersNatural Gas
  • Appliances Exhaust FanFree- Standing RefrigeratorFree- Standing Gas RangeFree- Standing Freezer
  • Interior Entrance FoyerStorageOpen Floorplan

Exterior Features

  • View Neighborhood
  • Fencing Back YardVinylPartialFencedChain Link
  • Waterfront Property No
  • Exterior CourtyardSmart Camera(s)/ RecordingPrivate EntrancePrivate YardLighting
  • Lot Back YardSplit PossibleRectangular LotPrivateOpen LotLevelCorner Lot

Community Features

  • Township North
  • Community Features CurbsSidewalksSuburbanStreet Lights
  • Security Features Closed Circuit Camera(s)Security Lights

Schools

School District
Hammond
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$1,681
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