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    • $565,000

    135 W 57th Ave, Merrillville, IN 46410

    8beds
    --sqft
    Quadruplex
    Built in 1968
    -- sqft lot
    $567,200 Zestimate®
    $--/sqft
    $1,517 Estimated rent

    Home value

    $567,200

    $533,000 - $601,000

    $1,517/mo

    Zestimate® history
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    $3,561/mo

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    What's special

    Functional layoutsPrivate rear balconyCorner lotDesirable unit sizes
    Fully brick 4-unit investment opportunity offering strong cash flow potential with value-add upside. Each unit features 2 bedrooms, 1 bathroom, and approximately 1,080 square feet with identical, functional layouts. One unit has been updated with additional improvements throughout the property, while current rents remain below market, providing immediate upside for investors. The building sits on a corner lot just minutes from a main corridor with shopping, dining, and everyday conveniences. Each unit includes a private rear balcony and an attached garage space accessed through a drive-down basement, a rare amenity that adds tenant appeal and retention. The property includes a mix of long-term and newer tenants, offering both stability and opportunity for rental growth. Tenants are responsible for their own heat and electric, while the owner covers water, sewage, and common utilities, keeping operations straightforward. This is a solid addition to any portfolio with strong fundamentals, desirable unit sizes, and built-in potential to increase returns.

    Zillow last checked:

    Listing updated:

    Listed by:

    Drake Phillips,

    Better Homes and Gardens Real 219-999-8990,

    Benjamin Smith,

    Better Homes and Gardens Real

    Bought with:

    Terry Papp, RB14045638

    Better Homes and Gardens Real

    Source: NIRA as distributed by MLS GRID,MLS#: 837842MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air
    Appliances
    • Included: Dryer, Washer, Refrigerator, Gas Water Heater
    • Laundry: Lower Level, Laundry Room
    Features
    • Entrance Foyer
    • Basement: Interior Entry,Walk-Out Access,Storage Space
    • Has fireplace: No
    Interior area
    • Finished area above ground: 4,320

    Property

    Parking
    • Total spaces: 4
    • Parking features: Concrete
    • Garage spaces: 4
    Features
    • Levels: Two
    • Pool features: None
    Lot
    • Size: 0.49 Acres
    • Features: Corner Lot, Front Yard
    Details
    • Parcel number: 451204428001000030
    • Special conditions: Agent Owned

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1968

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Merrillville

    Financial & listing details

    • Tax assessed value: $411,400
    • Annual tax amount: $8,189
    • Date on market: 4/27/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,VA Loan,FHA,Conventional
    • Total actual rent: 54120

    Price history

    DateEventPrice
    5/22/2026Sold$565,000-3.4%
    Source: NIRA as distributed by MLS GRID #837842 Report a problem
    4/30/2026Pending sale$584,900
    Source: NIRA as distributed by MLS GRID #837842 Report a problem
    4/27/2026Listed for sale$584,900+154.3%
    Source: NIRA as distributed by MLS GRID #837842 Report a problem
    5/11/2021Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    5/5/2021Listed for rent$925
    Source: Zillow Rental Network Premium Report a problem
    12/11/2017Sold$230,000
    Source: NIRA as distributed by MLS GRID #00420026 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 46410

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    Estimated market value
    $567,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $567,200

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