$1,350,000

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

  • 8,624 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1999
  • Property Lot Size Icon0.47acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $157/sqft
  • Property List Date Icon Listed 15 days ago

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:
Active
Data Last Updated:
April 3, 2026 at 2:21AM
Listing Office:
Ellsbury Group : (219) 200-5133
Listing Agent:
Tariq Suboh :
MLS ID:
835664
  • Heating: Forced AirNatural Gas
  • Parking: Off StreetAsphaltParking spaces: 23
  • Originating MLS: nira
  • County: Lake
  • Zoning: SEDONA ADDITON UNIT 1 PT. SE'LY OF OUTLOT A (11.66X250.35X22.91X242.33FT)451228126020000030
  • View: Neighborhood
  • Utilities: Cable AvailableWater ConnectedWater AvailableSewer ConnectedSewer AvailableNatural Gas ConnectedElectricity ConnectedElectricity AvailableCable Connected200+ Amp Service
  • Water: Public
  • Sewer: Public Sewer
  • Source: nira

This listing courtesy of Tariq Suboh , Ellsbury Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Homer Iddings Elementary School

7249 Van Buren St, Merrillville, IN, 46410

Grades KG-4

1.63 miles away

P

Pierce Middle School

199 E 70th Ave, Merrillville, IN, 46410

Grades 7-8

1.91 miles away

M

Merrillville High School

276 E 68th Pl, Merrillville, IN, 46410

Grades 9-12

2.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.