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7701-7707 Taft, Merrillville, IN 46410

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For Sale

$450,000

7 beds • 4 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

  • Basement
    Rooms

  • Basement
    Amenities

Explore this Property

3homes on 9.84acres. Check zoning with town of Merrillville but what I see is C2 in front, so Stripmall or retail in front. Lot goes a quarter mile back so over 1300' feet back. Rear is zoned R5 good for multi-unit not much of a stretch from a PUD which would allow retirement villiage, 200+/- unit apartment complex or condo development. Don't want to develop? well then, resurvey the property, sell 2 of the 3 homes and get your money back then do a market repackage of the rest with a conceptual drawing showing a good size condo development for a quick return on the investment One block away to the north is Brookstone Estates'' phase 1 was built around the year 2000 and is about the same size as this property was originally zoned R5. Brookstone Phase 1 consist of 120 units valued around $165k a piece currently. Now, Brookstone phase 2 is underway and has brand new units starting at $369k per unit. Can you imagine 120+ condo's at $369k a piece? There is money to be made
MLS# 803637

Courtesy Of Advanced Real Estate LLC

(219) 663-1986

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement, Elevator
  • Appliances
    Oven, Range, Washer
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    9.84 Acres
  • Roof Type
    Unknown
  • Rooms
    Basement, Bedroom, Full Bath, Three-Quarter Bath

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Directions to 7701-7707 Taft, Merrillville, IN 46410

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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