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  • $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

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    What's special

    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!

    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#: 826503MLS Logo

    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