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$489,999
Pending532-34 Conkey Street
Hammond, IN 46324
Value add mixed use investment opportunity with massive upside potential in EXCELLENT condition! Currently generating 1,650/month from only two residential studio units (750 and 900 each), this property offers the ability to increase income to over 5,500/month through lease-up, unit expansion, and rent stabilization. The property features six total units retail, office, and residential including a 3,000 SF commercial space and a 1,950 SF commercial/office unit, both vacant and capable of commanding 1,200-1,600/month each. Two additional vacant office spaces can rent for 500-650/month each, or could be converted into larger residential units commanding 1250-1,500/month each. Off-street parking, additional rear lot space/storage, and on site laundry make this property highly appealing to tenants. Ideal for investors seeking to build equity, increase cash flow, and reposition an underperforming asset in a strong rental market.
Property Details
- Heating
- Natural Gas
- Lot Features
- Back Yard, Rectangular Lot, Near Public Transit, Paved, Corner Lot
- Lot Description
- Back Yard, Rectangular Lot, Near Public Transit, Paved, Corner Lot
- Exterior Materials
- Balcony, Storage, Private Yard
- Acres
- 0.15
- Square Feet
- 6000.0
- Parking Features
- Off Street, On Street, Alley Access, Additional Parking, Other
- Parking Spaces
- 5.0
- Year Built
- 1955
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Available, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
- School District
- Hammond
- County
- Lake
- Region
- Hammond
- Taxes Annual
- $4,125
- MLS #
- 836484
- Property Subtype
- Mixed Use
- Parcel Number
- 450601410002000023
- MLS #
- 836484
- Date Listed
- April 03, 2026
- Address
- 532-34 Conkey Street
Location
Legal
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Last Updated: Oct 9, 2026 9:07 AM. Source: NIRAMLS
Listing Broker: Listing Leaders Northwest; Anil Bhalla; brokerbhalla@gmail.com
Provided By (Buyer)
Buyer's Agent: Rogelio Avalos (#NRA19683)
Buyer's Office: Banga Realty, LLC (#NRA1703)
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