Opportunity is knocking in the rapidly growing City of Hammond! This solid all-brick two-unit income property offers the perfect blend of investment potential, anyone seeking a multi family opportunity or long-term value, whether you're an investor looking to expand your portfolio or an owner-occupant ready to build equity while generating rental income. With separate entrances, a shared foyer, and privacy between units, this property provides flexibility for a variety of living and investment scenarios. The main level unit features 2 spacious bedrooms, a large eat-in kitchen with ample room for dining, a walk-in shower, and newer appliances. Upstairs, the second unit offers 1 bedroom, a full bath, also newer appliances and a generously sized eat-in kitchen, creating a comfortable and functional layout. An unfinished full basement provides abundant storage space and offers additional possibilities for future use. Outside, the private parking lot accommodates up to 6 vehicles, a valuable convenience for tenants and owners alike. Ideally located near major interstates with easy access to Chicago, public transportation, restaurants and shopping, this property offers easy access for commuters while remaining close to everything Hammond has to offer. Adding even more potential, the building was originally a commercial property and may offer the possibility of conversion back to commercial use. Properties with this level of flexibility, income potential, and location don't come around often. Whether you're looking to invest, occupy, or explore future opportunities, this is one you won't want to miss. Schedule your showing today and see firsthand all the possibilities this unique property has to offer!
Pending
$249,900
540 165th St, Hammond, IN 46324
--beds
--baths
--sqft
Duplex
Built in 1941
-- sqft lot
$248,500 Zestimate®
$--/sqft
$-- HOA
What's special
Separate entrancesAll-brick two-unit income propertyShared foyerPrivacy between units
- 13 days |
- 561 |
- 44 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ruza Jevtic,
Realty Executives Premier 219-462-2224
Source: NIRA as distributed by MLS GRID,MLS#: 841327
Facts & features
Interior
Heating
- Hot Water, Natural Gas
Appliances
- Included: Stainless Steel Appliance(s), Refrigerator, Gas Water Heater
Features
- Entrance Foyer, Soaking Tub, Laminate Counters, Eat-in Kitchen
- Basement: Full,Unfinished,Storage Space,Interior Entry
- Has fireplace: No
Interior area
- Finished area above ground: 1,969
Property
Parking
- Total spaces: 6
- Parking features: Additional Parking, Off Street, Gravel, Alley Access
Features
- Levels: Two
- Has view: Yes
- View description: City, Neighborhood
Lot
- Size: 6,229 Square Feet
- Features: Back Yard, Near Public Transit, Front Yard, Few Trees
Details
- Parcel number: 450612202004000023
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1941
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: F B Halls
HOA
- Has HOA: No
Location
- Region: Hammond
Financial & listing details
- Annual tax amount: $4,100
- Date on market: 6/26/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,FHA,Conventional
Estimated market value
$248,500
$236,000 - $261,000
$1,449/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Pending sale | $249,900 |
Source: | ||
| 6/26/2026 | Listed for sale | $249,900+42.8% |
Source: | ||
| 10/19/2021 | Listing removed | -- |
Source: | ||
| 9/27/2021 | Listed for sale | $175,000+48.9% |
Source: | ||
| 9/15/2020 | Sold | $117,500-6% |
Source: | ||
| 8/4/2020 | Pending sale | $125,000 |
Source: McColly Real Estate #474728 Report a problem | ||
| 6/20/2020 | Price change | $125,000-3.8% |
Source: McColly Real Estate #474728 Report a problem | ||
| 5/22/2020 | Listed for sale | $129,900+13% |
Source: McColly Real Estate #474728 Report a problem | ||
| 6/1/2014 | Listing removed | $575 |
Source: McColly Real Estate #329432 Report a problem | ||
| 5/31/2013 | Listed for rent | $575 |
Source: McColly Real Estate #329432 Report a problem | ||
| 4/27/2007 | Sold | $115,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: South Hammond
Nearby schools
GreatSchools rating
- 4/10Thomas A Edison Elementary SchoolGrades: PK-6Distance: 0.7 mi
- 4/10Henry W Eggers Elementary/Middle SchoolGrades: 7-8Distance: 0.8 mi
- 2/10Hammond High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Indiana
- Lake County
- Hammond
- 46324
- South Hammond
- 540 165th St






