- 9 beds
- 4 baths
- – sqft
- ~3/4 acre lot
- 1922 build
- – on site
Multi-Faceted Investment Opportunity!Located just minutes from vibrant 119th Street, Whihala Beach on Lake Michigan, and Calumet College of St. Joseph, this property offers an incredible opportunity for both current income and future development.Sale Includes:Two separate, spacious homesA 10+ car parking lotAdditional vacant lots to the East and West -- offering the potential to build additional homes or other structures!The city is open to proposals for new construction on the vacant land, offering even more potential. Both homes are currently occupied by long-term tenants on month-to-month leases.Property Details:2142 (rented at 1,525/month): 3 bedrooms, 2 full bathrooms (one in the hobby space), a large eat-in kitchen, family room, hobby space, and in-unit laundry.2144 (rented at 1,555/month): 6 bedrooms, 2 full bathrooms (one on each level), freshly painted with new flooring. The main floor features a kitchen, living room, and 3 bedrooms (including one with a walk-in closet). Upstairs includes a large family room, 3 additional bedrooms, and in-unit laundry.One water bill is covered by the owner; tenants are responsible for their own NIPSCO (gas and electric) bills.With 3,080/month in rental income already coming in, you can take your time designing future developments while generating steady cash flow. The ample parking and flexible zoning potential make this a truly compelling investment!
Last checked:
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Last updated Jul 8, 2025
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MLS# 823558 —
The Building
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Year Built:1922
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New Construction:false
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Levels:Two
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Basement:false
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Above Grade Finished Area:4468
Interior
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Interior Features:Eat-in Kitchen
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Fireplace:false
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Laundry Features:Gas Dryer Hookup, Washer Hookup
Room Dimensions
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Living Area Source:Assessor
Location
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Directions:Indianapolis Blvd to 2140 across the street from San Luis Restaurant.
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Latitude:41.674439
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Longitude:-87.494527
The Property
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Parcel Number:450307426009000023
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Property Subtype:Duplex
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Lot Features:Other
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Lot Size Acres:0.83
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Lot Size Square Feet:36154.8
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Lot Size Source:Assessor
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Additional Parcels:true
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Exterior Features:None
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (219) 487-9683
- Office phone:
- (219) 440-0070
Taxes
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Tax Year:2023
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Tax Annual Amount:6040
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Tax Legal Description:FORSYTH INDIANA BLVD. SUB. ALL L.4 NW2. OF L.5,Forsyth-Indiana Blvd. Sub. SE. 1/2 Lot 5 all Lot 6,FORSYTH-INDIANA BLVD. SUBDIV. ALL L.7 AND L.8
Beds
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Total Bedrooms:9
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:Forced Air, Natural Gas
Utilities
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Utilities:Electricity Connected, Sewer Connected, Water Connected, Natural Gas Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Gas Water Heater
The Community
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Subdivision Name:Forsyth Indiana Blvd
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Pets Allowed:Number Limit
Parking
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Garage:false
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Parking Total:10
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Parking Features:Additional Parking, On Street, Gravel
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).