Address
6429 S Kennedy Avenue #31, Hammond, IN
Price
$ 550,000
Property Attributes
- MLS#839380
- TypeCommercial
- Listing Status Active
- CountyLAKE
- CityHammond
- AreaHammond
- NeighborhoodTurner-Meyn Park
- Zip46323
- StyleMixed Use
- Year Built1952
- Taxes$ 5264
- Price$ 550,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7952
- Lot Size0.132 Acres
Data Source:
Northwest Indiana REALTOR® Association (NIRA)
Property Description
Incredible investment opportunity in Hammond! This 6-unit mixed-use building is a turnkey income generator with solid cash flow and massive upside. Perfectly situated on a high-visibility corner lot at Kennedy and Cleveland, the property boasts flexible Commercial C4 zoning--ideal for nearly any business type. The building features 3 vibrant commercial/retail spaces on the main level (currently home to a busy beauty salon, Herbalife retail, and a retail store) and 3 residential units above (two spacious 2-bedroom apartments and one cozy studio apartment). Additional revenue is generated by an attached 3-car garage. Located just minutes from major transit routes, local parks, and the bustling Indianapolis Blvd retail corridor, this location ensures a steady stream of foot traffic and tenant demand. Current Monthly Income Breakdown: Event Space: TBD/mo Beauty Salon: 1,500/mo 2-Bed Apt (Leased): 950/mo Herbalife Retail (M2M): 900/mo 2-Bed Apt (Leased): 800/mo 3-Car Garage (M2M): 600/mo Studio Apt (Leased): 400/mo Total Gross Income: 78,600/year. Don't miss out on adding this versatile, high-yield asset to your portfolio! Subject to tenant rights.
| Price History | |
|---|---|
| 5/26/2026 | Listed $550,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas |
| Utilities | Electricity Connected,Water Connected,Sewer Connected,Sewer Available,Other,Natural Gas Connected |
| Appliances | None |
| Security Features | Carbon Monoxide Detector(s) |
| Year Built | 1952 |
| Electric | 100 Amp Service |
| View | Other |
| Township | North |
| Unit Number | 31 |
| Property Subtype | Mixed Use |
| Tax Year | 2024 |
| Gross Income | 78600 |
| OwnerPays | Exterior Maintenance,Water,Other Tax,Taxes,Roof Maintenance,Parking Fee,Janitorial Service,Insurance,Hot Water |
| County | Lake |
| Insurance Expense | 8400 |
| Property Type | Commercial Sale |
| Subdivision Name | Turner-Meyn Park |
| Building Features | Multi Tenant,Mixed Use,Business District Location,Enclosed Stair(s),Private Restrooms,Other |
| Status | Active |
| Directions | From Indianapolis Blvd take east on 165th,turn left onto Kennedy,building is on the corner of Kennedy and Cleveland. |
| City | Hammond |
| Zoning Description | Mixed Use |
| Lot Size Square Feet | 5750 |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 5264 |
| Standard Status | Active |
| Legal Description | TURNER MEYN PARK L.1 BL.7 |
| Assoc/CIC | None |
Interior Features
| Interior Amenities | Eat-in Kitchen,Kitchen Island,Granite Counters |
|---|---|
| Laundry Features | Gas Dryer Hookup,Washer Hookup,Upper Level,Main Level |
Exterior Features
| Exterior Amenities | None |
|---|---|
| Parking Features | Attached,Additional Parking,On Street,Off Street |
| Lot Features | Corner Lot,Paved |
| Water Source | Public |
| Total Parking | 12 |
| Lot Size Acres | 0.132 |
| Lot Size Source | Assessor |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 46323
Price
Taxes
Year Built
Visits
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 24, 2026 3:12 PM UTC
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 24, 2026 3:28 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
