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$369,000

Est. payment - /mo

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3,959 SqFt

Active Under Contract

216-220 Hollywood AVE Munster, IN 46321

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Christina Steele

christina@maptorealestate.com +1(574) 209-1010

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,959 sqft

Price per Sqft $93

Subdivision Hollywood

MLS Listing ID 817283

Year Built 1943

Annual Tax Amount $7,718

Tax Year 2024

Lot Size 3,959 Sqft

Acres 0.0909

Property Sub-Type Duplex

Property Description

Prime investment opportunity in Munster, IN--this fully rented duplex at 216-220 Hollywood Ave is an excellent addition to any portfolio. Both units are leased, providing immediate cash flow with zero owner-paid utilities. The property features two identical units, each offering 2 bedrooms and 1 bathroom. The 216 unit is currently rented for 1,620 per month with a lease in place through June 30, 2025, while the 220 unit is leased at 1,550 per month until August 31, 2025. With a total annual rental income of 37,440 and a pro forma potential of 43,200, this property offers strong returns with room for future rent increases.Financially, the property is low-maintenance with annual insurance costs of 1,300 and 2025 property taxes of 3,743.60 for Unit 216 and 3,974.44 for Unit 220. Located in a sought-after rental market with top-rated schools and convenient access to Chicago, this duplex is ideal for investors seeking stable, long-term income. Whether you're looking for steady passive income or a property with growth potential, this is a turnkey investment you won't want to miss.

Location

State IN

County Lake

Interior

Interior Features Other

Heating Forced Air, Natural Gas

Fireplace N

Appliance Dishwasher, Washer, Refrigerator, Microwave, Gas Range, Dryer

Exterior

Exterior Feature Other, Private Yard, Storage, Rain Gutters

Garage Spaces 2.0

View Y/N true

View true

Building

Lot Description Back Yard, Front Yard, Near Public Transit

Story Two

Others

Tax ID 450613181003000027

Acceptable Financing NRA20250303201647790171000000

Listing Terms NRA20250303201647790171000000

Pets Allowed Yes

Listed by Ellsbury Commercial Group LLC

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