1080-1090 W 85th Avenue, Merrillville, IN 46410

• 8,624 sqft

Property Description

This offering presents a well-maintained Class A 8-unit multifamily asset in the stable Northwest Indiana rental market. Built in 1999 as condominium units, the property features efficient 2-bedroom / 1.5 -bathroom floor plans of approximately 1,100 square feet with modern finishes, stainless steel appliances, and washer/dryer hookups. Major exterior improvements completed in 2021, including roof, windows, siding, and gutters. Tenants are responsible for electricity and gas/heat. Ownership is responsible for common electric, trash, and water. With average rents of approximately 1,550 dollars per unit and a 7.2 percent Day-1 cap rate, the asset offers strong in-place cash flow and upside potential in a supply-constrained submarket.

Listing Status:

Pending

Data Last Updated:

May 21, 2026 at 2:21AM

Listing Office:

Ellsbury Group : (219) 200-5133

Listing Agent:

Tariq Suboh :

MLS ID:

835664

Interior

• Heating: Forced AirNatural Gas

Exterior

• Parking: Off StreetAsphaltParking spaces: 23

Location

• Originating MLS: nira
• County: Lake

Lot

• Zoning: SEDONA ADDITON UNIT 1 PT. SE'LY OF OUTLOT A (11.66X250.35X22.91X242.33FT)451228126020000030
• View: Neighborhood

Utilities

• Utilities: Cable AvailableWater ConnectedWater AvailableSewer ConnectedSewer AvailableNatural Gas ConnectedElectricity ConnectedElectricity AvailableCable Connected200+ Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira