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Listing provided courtesy of Rose Real EstateNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 836523MLS Provider

1623 Portage AvenueChesterton, IN 46304

Commercial · 10,500 Sq. ft. | 0.57 Acres
$1,800,000 Active

1623 Portage Avenue Overview

Time on Site:
87 days
Visits:
1

All- Brick & Fully Occupied 12-Unit apartment building consisting of (10)-2bed/ 1-bath units and (2) 1-bed/ 1-bath units. 9 of the 12 apartments have been Updated/Remodeled in the last few years. New roof, gutters, windows have been installed since 2011. Each apartment is separately metered for NIPSCO/Water/Sewer. The apartments have wall air conditioners and baseboard heat. The Landlord pays common area utilities, snow, landscape & garbage. On-site laundry!

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1623 Portage Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 10,500
  • Price/Sq.ft. $171
  • Lot 0.57 Acres

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 2108
  • Gross Income: 1861
  • Gross Scheduled Income: 0
  • Insurance Expense: 5651
  • Maintenance Expense: 540
  • Net Operating Income: 0
  • New Taxes Expense: 5943
  • Trash Expense: 2405

Building Information

  • Year Built: 1966

Location/Region

  • County Or Parish: Porter
  • Subdivision Name: Chgo Porter Home Inv Co 2nd Add
  • Township: Westchester

Tax Information

  • Tax Annual Amount: 31326.48
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Parcel Number: 640602260001000023
  • Property Sub Type: Multi Family
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Basement: false
  • Building Features: Multi Tenant,Other
  • Electric: 100 Amp Service,Other,Circuit Breakers,200+ Amp Service
  • Heating: Forced Air
  • Living Area: 10500
  • Security Features: Other

Exterior

Parking Information

  • Parking Total: 20

Lot Information

  • Lot Size Acres: 0.574
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 25003
  • Water Source: Public

Waterfront/View

  • Waterfront: false

General Information

  • Sewer: Public Sewer
  • Utilities: Cable Available,Water Connected,Sewer Connected,Natural Gas Connected,Electricity Connected

1623 Portage Avenue Neighborhood

Community

46304 (Porter) Demographics

38
Median Age
450
Population Density (per sq. mile)
42%
College Educated
$79,358
Estimated Median Income
7,496
Estimated Total Home Owners
2,394
Estimated Total Renters
76% / 24%
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.

1623 Portage Avenue Monthly Cost

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$ %
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$
$
Corinne Guerra
* 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.

1623 Portage Avenue Market Data

Based on the last 30 days in this zip code

$496,221
Average List Price
$197
Average Price per Square Foot
38
Properties Sold
65
Average Days on Market
123
Properties for Sale
Calculations provided by Reliance Network

1623 Portage Avenue History

Date Event Value Agent
4/3/2026Source: Northwest Indiana MLS Added to Database
April 03, 2026