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6405 Kennedy Avenue, Hammond, IN 46323

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For Sale
Sale Pending

$320,000

5 beds • 3 baths • 2 half baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 804936

Courtesy Of Moke Realty, Inc.

(219) 662-3000

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Lawn
  • Appliances
    Freezer, Range - Gas, Refrigerator
  • Architecture Style
    Other
  • Heating Fuel
    Natural Gas
  • Heating System
    Forced Air
  • Lot Size
    0.2 Acres
  • Roof Type
    Unknown
  • Rooms
    Bedroom, Full Bath, Half Bath, Three-Quarter Bath

Map and Directions

Directions to 6405 Kennedy Avenue, Hammond, IN 46323

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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† 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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