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135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
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135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
135 W 57th Avenue
Sold

135 W 57th Avenue

135 W 57th Avenue, Merrillville, IN 46410

$565,000
Fully brick 4-unit investment opportunity offering strong cash flow potential with value-add upside. Each unit features 2 bedrooms, 1 bathroom, and approximately 1,080 square feet with identical, functional layouts. One unit has been updated with additional improvements throughout the property, while current rents remain below market, providing immediate upside for investors. The building sits on a corner lot just minutes from a main corridor with shopping, dining, and everyday conveniences. Each unit includes a private rear balcony and an attached garage space accessed through a drive-down basement, a rare amenity that adds tenant appeal and retention. The property includes a mix of long-term and newer tenants, offering both stability and opportunity for rental growth. Tenants are responsible for their own heat and electric, while the owner covers water, sewage, and common utilities, keeping operations straightforward. This is a solid addition to any portfolio with strong fundamentals, desirable unit sizes, and built-in potential to increase returns.

8
beds

4
baths

4,320 Sq.Ft. LIVING AREA

0.49 Acres lot

Terry Papp

Terry Papp

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms4
  • full bathrooms4
  • Laundry room Lower Level, Laundry Room
  • APPLIANCES Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range
  • other interior Features Entrance Foyer

Area & Lot

  • Status Sold
  • Living Area4,320 Sq.Ft.
  • Lot Area0.49 Acres
  • MLS® ID837842
  • TypeMulti-Family
  • YEAR BUILT1968

Exterior

  • STORIES2
  • Garage Space4.0
  • water SourcePublic
  • utilitiesElectricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • PoolNone
  • lot featuresCorner Lot, Front Yard
  • parkingConcrete
  • HEAT TYPEForced Air
  • sewerPublic Sewer
  • security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
  • other exterior FeaturesBalcony

Financial

  • Sales Price$565,000
  • Real Estate Tax $8,189/yr

“Experience makes the difference.”

Clients work with Terry for experienced leadership, clear communication, and a results-focused approach built on trust and long-term value.

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