5340 Pennsylvania ST, Merrillville, IN 46410
5340 Pennsylvania ST, Merrillville, IN 46410
5340 Pennsylvania ST, Merrillville, IN 46410
23
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$430,000
Est. payment /mo
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8 Beds
4 Baths
11,761 SqFt
Pending

5340 Pennsylvania ST Merrillville, IN 46410

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Sash & Pam Joveski

Sash & Pam Joveski

+1(219) 801-0432

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 11,761 sqft

Price per Sqft $36

Subdivision Southlands 03

MLS Listing ID 839563

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1964

Annual Tax Amount $3,018

Tax Year 2025

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type Quadruplex

Property Description

Back on the market at no fault to the seller. Excellent investment opportunity! Fully occupied 4-unit building featuring all 2 bed, 1 bath units with strong rental demand in the area. Current rents are Unit A at 900/month (lease ending 9/30/2026), Unit B at 725/month with tenant vacating 7/31/2026 creating the perfect opportunity to update the unit and bring rents closer to market value, Unit C at 900/month (lease ending 2/28/2027), and Unit D at 975/month (lease ending 11/30/2026). Market rents for 2 bed, 1 bath units in the area are currently averaging approximately 1,000-1,200/month, offering strong upside potential for investors looking to increase cash flow over time. Based on pro forma market rents, the property has the potential to generate approximately 4,000-4,800 per month in gross rental income. Property features include a private backyard, two storage sheds, and separately metered gas and electric utilities paid by tenants. Owner currently pays water, trash, and sewage. Great opportunity for both seasoned investors and buyers looking to grow their portfolio with a value-add multifamily property.

Location

State IN

County Lake

Rooms

Basement Crawl Space, Unfinished, Interior Entry, Full

Interior

Interior Features Entrance Foyer

Heating Forced Air

Fireplace N

Appliance Gas Range, Refrigerator

Exterior

Exterior Feature Private Yard

Parking Features Paved

View Y/N true

Building

Lot Description Back Yard, Paved

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Merrillville

Others

Tax ID 451203102014000031

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing NRA20260526183606430927000000

Listing Terms NRA20260526183606430927000000

Pets Allowed Number Limit

Listed by Property Boss • Keisha Dooley
NEARBY SCHOOL & BUSINESS
Sash & Pam Joveski

Realest.com

Phone

+1(219) 801-0432

Address

112 S. Main St. Suite B, Crown Point, Indiana, 46307, United States

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