Listing provided courtesy of Realty Executives PremierNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 841327MLS Provider

540 165th StreetHammond, IN 46324

Multi-Family · 0.14 Acres
$249,900 Active

540 165th Street Overview

Time on Site:
3 days
Visits:
0

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!

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

540 165th Street Facts & Features

  • Type Multi-Family
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Hammond

Building Information

  • New Construction: false
  • Year Built: 1941

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: F B Halls
  • Township: North

Tax Information

  • Tax Annual Amount: 4100
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,FHA,Conventional
  • Parcel Number: 450612202004000023
  • Pets Allowed: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: false

Building Interior

  • Above Grade Finished Area: 1969

General Information

  • Appliances: Gas Range,Stainless Steel Appliance(s),Refrigerator,Gas Water Heater
  • Fireplace: false
  • Heating: Hot Water,Natural Gas
  • Interior Features: Entrance Foyer,Soaking Tub,Laminate Counters,Eat-in Kitchen
  • Levels: Two

Exterior

Parking Information

  • Parking Features: Additional Parking,Off Street,Gravel,Alley Access
  • Parking Total: 6

Lot Information

  • Lot Features: Back Yard,Near Public Transit,Front Yard,Few Trees
  • Lot Size Acres: 0.143
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6229
  • Water Source: Public

Waterfront/View

  • View: City,Neighborhood
  • Waterfront: false

General Information

  • Sewer: Public Sewer

540 165th Street Neighborhood

Community

46324 (Hammond) Demographics

36
Median Age
4,906
Population Density (per sq. mile)
24%
College Educated
$49,420
Estimated Median Income
5,717
Estimated Total Home Owners
2,772
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

540 165th Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

540 165th Street Market Data

Based on the last 30 days in this zip code

$258,485
Average List Price
$160
Average Price per Square Foot
13
Properties Sold
61
Average Days on Market
35
Properties for Sale
Calculations provided by Reliance Network

540 165th Street History

Date Event Value Agent
6/26/2026Source: Northwest Indiana MLS Added to Database
June 26, 2026