$180,000
$15K PRICE DROP

7027 Monroe Ave Hammond, IN 46324

Estimated payment $1,272/month

Total Views 6,959
4 Beds
1 Bath
1,280 Sq Ft
$141 Price per Sq Ft

Highlights

  • No HOA
  • Living Room
  • Central Heating and Cooling System
  • Neighborhood Views

About This Home

Opportunity knocks: Four bedroom fixer-upper with great potential in Hammond, Indiana. Four bedrooms, one bath, 5208 ft. lot built in 1942. Near I 80/9430 minutes to downtown Chicago. Welcome to a spacious four bedroom, one bath, single-family home, offering charm, solid bones, and incredible opportunity for customization. Whether your first time buyer, investor, or looking for a home to make your own, this property has a potential to shine with just a bit of vision and TLC. Fixer upper with recent updates this home feature some recent improvements, and is The perfect canvas for your next renovation project. The layout includes a main level bedroom and bathroom, unfinished basement with room to expand in a large upstairs area with two additional bedrooms. Prime location with growing value just 4 miles from the new South Shore line-Hammond Gateway station. Quick access to I 8094 for an easy 30 minute commute to Chicago. Close to shops, schools, and public transportation. Program eligibility adds major value. Homebound program eligible down payment assistance for qualified buyers. College-bound program eligible offers tuition assistance for residents with children pursuing college. Highlights spacious 5208 ft. lot. Solid 1940s construction with character. Main floor bedroom and bath for added convenience. Unfinished basement great for storage or additional living space. Potential for sweat equity or investment return. This is your chance to own a home in a rapidly developing area of Hammond, with city programs that make it even more affordable. Schedule a tour today and explore the possibilities!

Listing Agent

Daniel Spitale

McColly Real Estate License #RB14051138 Listed on: 08/21/2025

McColly Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,762

Year Built

  • Built in 1942

Interior Spaces

  • 1,280 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Neighborhood Views
  • Basement

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • 5,208 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • George Zachau Park Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450612429008000023

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,762

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1942
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Back Yard, Front Yard
  • Reso View: Neighborhood
  • Co List Office Mls Id: NRA254
  • Subdivision Name: George Zachau Park Add
  • Above Grade Finished Sq Ft: 1280
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Property Attached Yn: No
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Range Hood, Microwave, Gas Range, Freezer, Dryer
  • Interior Amenities: None
  • Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: Private Yard
  • Acres: 0.1196
  • Waterfront: No

Garage/Parking

  • Parking Features: Alley Access, Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5208
  • Parcel #: 450612429008000023

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3762

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $6,696 $154,000 $27,900 $126,100
2023 $3,762 $140,100 $27,900 $112,200
2022 $1,684 $132,000 $27,900 $104,100
2021 $1,196 $97,800 $16,500 $81,300
2020 $1,184 $96,600 $16,500 $80,100
2019 $1,255 $91,300 $16,500 $74,800
2018 $1,143 $84,900 $16,500 $68,400
2017 $1,138 $80,700 $16,500 $64,200
2016 $945 $78,600 $16,500 $62,100
2014 $1,193 $91,800 $16,500 $75,300
2013 $1,110 $90,100 $16,500 $73,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2025 09/17/25 Price Changed $180,000 -7.7% $141 / Sq Ft
08/21/2025 08/21/25 For Sale $195,000 -- $152 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Source: Public Records

Source: Northwest Indiana Association of REALTORS®

MLS Number: 826448

Northwest Indiana Association of REALTORS®

APN: 45-06-12-429-008.000-023