540 165th Street, Hammond, IN 46324

Property Description

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!

Listing Status:

Pending

Data Last Updated:

July 5, 2026 at 9:22PM

Listing Office:

Realty Executives Premier : (219) 462-2224

Listing Agent:

Ruza Jevtic :

MLS ID:

841327

Interior

• General: Entrance FoyerSoaking TubLaminate CountersEat-in Kitchen
• Appliances: Gas RangeStainless Steel Appliance(s)RefrigeratorGas Water Heater
• Basement: FullUnfinishedStorage SpaceInterior Entry
• Heating: Hot WaterNatural Gas

Exterior

• Parking: Additional ParkingOff StreetGravelAlley AccessParking spaces: 6

Construction

• General: Two

Location

• Originating MLS: nira
• School District: Hammond
• County: Lake

Lot

• Zoning: F. B. HALL'S SUB. L.21 BL.1 ALL L.22 BL.1450612202004000023
• View: CityNeighborhood

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira