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Just think of the possibilities with this well-maintained five-unit apartment building in Hammond! Located in a growing area, this turn-key investment property is perfect for anyone interested in making a profit. All the units are currently rented, so all you have to do is collect the checks! Right across the street, a new subdivision of single-family homes is underway, which will help your equity grow and increase the value of the property. This neighborhood boasts an easy commute in and out of Illinois, and you can easily reach Chicago, too. With such a major metropolis so close by and with the expansion of the local area, you’ll never have a problem finding tenants. As you approach this property, you’ll notice how the attractive brick exterior contributes to the curb appeal. Bushes out front add a touch of green and nearby trees create a towering wall of natural beauty. The building is made up of four one-bedroom, one-bathroom units, as well as a lower level owner’s unit that boasts three bedrooms and two bathrooms. The one-bedroom units are spacious and comfortable and have undergone a number of recent upgrades. Each unit features a generous-sized eat-in kitchen, which boasts ample cabinets and tons of counter space. Several of the units have new tile kitchen floors, and some of the appliances have been recently upgraded. In some of the kitchens you’ll also find newly painted walls and newer window blinds. Stepping into the nearby family room of each unit, you’ll notice the abundance of space in this room, as well as large windows that keep the area sunny. Carpet can be found on the floors, newly installed in some units, and the bedrooms are carpeted as well. All in all, each unit features plenty of living space for your tenants.

In addition to all the upgrades in the one-bedroom units, you’ll be amazed at how much effort has been put into making the owner’s unit as fabulous as it is. Ready to be rented out or lived in yourself, this unit boasts a brand-new ceramic tile kitchen floor, new carpeting and new paint on the walls. Many of this unit’s improvements were made within the last year, including new vertical/mini blinds and a new door for the second bedroom. One advantage of the owner’s unit is the master suite, which features a spacious bedroom with two bi-fold closets and a private bath! Like the other units, this unit boasts a sunny eat-in kitchen and a sizable family room, as well as three bedrooms! Whether you decide to live here or rent it out, you’ll be glad to know that this unit is immaculate and has great modern touches. It adds even more value to an already profitable investment. Brand-new air conditioning units can be found throughout this building, a feature that will definitely interest future renters, and each unit’s bathroom features a shower/tub combination. In addition, the parking lot out back provides one parking space per unit, plus additional off-street parking. The building also houses a laundry room, where you’ll find the washer and the new dryer, both included. These coin-operated machines are located in the basement and bring in about $100 per month! The owner pays for heat and water, but otherwise, the operating costs of this property are very minimal. Currently, the total rent income is $3030 per month, but since these rents are low for the area, the possible rent income could be $3400 or higher. Don’t miss your opportunity to invest in a property with endless potential! Take the virtual tour at www.buyowner.com and enter C H I 15046.