FANTASTIC MOVE-IN READY 4 UNIT INVESTMENT PROPERTY IN GRIFFITH! This well-maintained 4-unit building offers steady income, low maintenance, and a prime location, featuring (3) two-bedroom/one-bath apartments and (1) one-bedroom/one-bath apartment. All units are fully occupied with long-term tenants on active leases for reliable cash flow. Recent renovations include complete gut rehabs of Units 3 & 4 in 2024 with new kitchens featuring quartz countertops, custom cabinetry, appliances, windows, updated bathrooms, carpet, and in-unit A/C, along with exterior improvements such as new windows, professional landscaping, daylight security lighting, and a fully lit parking lot. Building and mechanical updates include a serviced boiler, new water heater (2025), new commercial washer and dryer, upgraded electrical panels for renovated units, and a roof replaced approximately 10 years ago. This property is a fantastic opportunity for investors seeking strong returns and long-term stability. Commercial washer ad dryer located in basement, provides additional cash flow.**Low maintenance and upside to rent increases!
Closed
$538,000
1150 N Indiana Ave, Griffith, IN 46319
--beds
--baths
--sqft
Quadruplex
Built in 1968
-- sqft lot
$538,100 Zestimate®
$--/sqft
$1,307 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 30, 2025 at 01:44pm
Listed by:
Carla Gorman,
Baird & Warner Res. Sales Inc. 708-460-1400
Bought with:
William Kornblum, RB16000214
Realty Executives Premier
Source: NIRA,MLS#: 826503

Facts & features
Interior
Heating
- Baseboard
Appliances
- Included: Dryer, Washer, Refrigerator, Gas Water Heater, Electric Range
- Laundry: Laundry Room
Features
- Open Floorplan, Stone Counters
- Basement: Other
- Has fireplace: No
Interior area
- Finished area above ground: 3,950
Property
Parking
- Total spaces: 4
- Parking features: Asphalt, Paved
Features
- Levels: Quad-Level
- Exterior features: Lighting
- Pool features: None
Lot
- Size: 7,710 sqft
- Features: Cul-De-Sac, Paved, Landscaped
Details
- Parcel number: 450726331007000006
- Special conditions: Agent Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Sewer Connected, Water Connected, Electricity Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
Location
- Region: Griffith
- Subdivision: Brinwood Add
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,Other,FHA,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$538,100
2% more+$10,762
With Zillow Showcase(estimated)$548,862