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$1,350,000
35 Days On Site
1080-1090 W 85th AvenueMerrillville, IN 46410
For Sale|Multi Family|Pending
0
Beds
0
Total Baths
8,624
SqFt
$157
/SqFt
1999
Built
Subdivision:
Sedona Add
County:
Lake
Listing courtesy of Tariq Suboh of Ellsbury Group Tariq@EllsburyGroup.com as distributed by MLS GRID
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Monthly Payment (Est.)
$6,159Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.
This offering presents a well-maintained Class A 8-unit multifamily asset in the stable Northwest Indiana rental market. Built in 1999 as condominium units, the property features efficient 2-bedroom / 1.5 -bathroom floor plans of approximately 1,100 square feet with modern finishes, stainless steel appliances, and washer/dryer hookups. Major exterior improvements completed in 2021, including roof, windows, siding, and gutters. Tenants are responsible for electricity and gas/heat. Ownership is responsible for common electric, trash, and water. With average rents of approximately 1,550 dollars per unit and a 7.2 percent Day-1 cap rate, the asset offers strong in-place cash flow and upside potential in a supply-constrained submarket.
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Listing Snapshot
Price
$1,350,000
Days On Site
35 Days
Bedrooms
N/A
Inside Area (SqFt)
8,624 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.47 Acres
Year Built
1999
MLS® Number
835664
Status
Pending
Property Tax
$10,644
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
Recent Activity
| 3 weeks ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Status changed to Pending | |
| a month ago | Listing first seen on site |
General Features
Acres
0.47
Additional Property Use
Multi-Family
Building Features
Multi Tenant
Number Of Stories
2
Parking
Off StreetAsphalt
Parking Spaces
23
Property Sub Type
Multi Family
Sewer
Public Sewer
Utilities
Cable AvailableWater ConnectedWater AvailableSewer ConnectedSewer AvailableNatural Gas ConnectedElectricity ConnectedElectricity AvailableCable Connected
Water Source
Public
Interior Features
Cooling
Central Air
Electric
200+ Amp Service
Heating
Natural GasForced Air
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Exterior Features
Construction Details
Vinyl Siding
Roof
Shingle
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Neighborhood
Waterview
Neighborhood
Community Features
Financing Terms Available
Cash
Township
Ross
Listing courtesy of Tariq Suboh of Ellsbury Group Tariq@EllsburyGroup.com as distributed by MLS GRID
Listing information is provided by Participants of the Greater Northwest Indiana Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Greater Northwest Indiana Association of REALTORS MLS.
Based on information submitted to the MLS GRID as of 2026-04-23 08:36 AM UTC. 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.
Listing information is provided by Participants of the Greater Northwest Indiana Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Greater Northwest Indiana Association of REALTORS MLS.
Based on information submitted to the MLS GRID as of 2026-04-23 08:36 AM UTC. 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.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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