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135 W 57th Avenue, Merrillville, IN 46410

Merrillville
Local realty services provided by:CENTURY 21 Circle
Listed by: drake phillips, benjamin smith
Office: better homes and gardens real219-999-8990
MLS#:837842
Source:Northwest Indiana AOR as distributed by MLS GRID
135 W 57th Avenue,Merrillville, IN 46410
$584,900
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, May 02
    12:00 pm - 02:00 pm

Price summary

  • Price:$584,900

About this home

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...

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Home facts

  • Year built:1968
  • Listing ID #:837842
  • Added:1 day(s) ago
  • Updated:April 28, 2026 at 10:17 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:16
  • Kitchen Description:Gas Range, Refrigerator
  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1968
  • Lot area:0.48 Acres
  • Lot Features:Corner Lot
  • Exterior Features:Balcony

Utilities

  • Water:Public

Finances and disclosures

  • Price:$584,900
  • Tax amount:$8,189 (2024)

Features and amenities

  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:4
Based on information submitted to the MLS GRID as of April 28, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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