540 165th St Hammond, IN 46324
Estimated payment $1,683/month
Highlights
- City View
- No HOA
- Hot Water Heating System
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,100
Year Built
- Built in 1941
Lot Details
- 6,229 Sq Ft Lot
Property Views
- City
- Neighborhood
Home Design
- Duplex
Interior Spaces
- 1,969 Sq Ft Home
- 2-Story Property
- Gas Range
- Basement
Parking
- 6 Parking Spaces
- Off-Street Parking
Utilities
- No Cooling
- Hot Water Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 450612202004000023
Community Details
Overview
- No Home Owners Association
- 2 Units
- F B Halls Subdivision
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,232 | $126,600 | $21,100 | $105,500 |
| 2024 | $5,836 | $125,600 | $21,100 | $104,500 |
| 2023 | $3,264 | $122,100 | $21,100 | $101,000 |
| 2022 | $3,264 | $121,800 | $20,200 | $101,600 |
| 2021 | $3,090 | $114,000 | $20,200 | $93,800 |
| 2020 | $2,440 | $89,400 | $20,200 | $69,200 |
| 2019 | $3,298 | $85,600 | $20,200 | $65,400 |
| 2018 | $3,087 | $89,000 | $20,200 | $68,800 |
| 2017 | $3,368 | $85,500 | $20,200 | $65,300 |
| 2016 | $2,813 | $81,000 | $20,200 | $60,800 |
| 2014 | $2,528 | $80,700 | $20,700 | $60,000 |
| 2013 | $2,452 | $82,700 | $20,700 | $62,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/29/2026 06/29/26 | Pending | -- | -- | -- | |
| 06/26/2026 06/26/26 | For Sale | $249,900 | +112.7% | $127 / Sq Ft | |
| 09/15/2020 09/15/20 | Sold | $117,500 | 0.0% | $60 / Sq Ft | View Prior Sale |
| 08/16/2020 08/16/20 | Pending | -- | -- | -- | |
| 05/22/2020 05/22/20 | For Sale | $117,500 | -- | $60 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Community Title Company | |
| Warranty Deed | -- | Meridian Title Corp | |
| Deed | -- | Meridian Title Corp |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $110,000 | Construction | |
| Previous Owner | $110,000 | Construction | |
| Previous Owner | $92,000 | Commercial |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 841327
APN: 45-06-12-202-004.000-023
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. 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 is deemed reliable but not guaranteed.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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