Leave a Message

Thank you for your message. We will be in touch with you shortly.

Explore Our Properties
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
SEE ALL PHOTOS
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
For Sale

135 W 57th Avenue

135 W 57th Avenue, Merrillville, IN 46410

$584,900
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

Drake Phillips

Drake Phillips

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 For Sale
  • 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$584,900
  • Real Estate Tax $8,189/yr
image

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 135 W 57th Avenue, Merrillville, IN 46410. We are reviewing your request and will be in touch shortly!

Mortgage Calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

All estimates are provided for informational purposes only. Actual amounts may vary.
$0,000 Your Payment 20 15 65
$0,000 Your Payment

Work With Us

Your next move starts with the right connection. We make it easy to find a real estate professional who understands your needs.

Follow Me on Instagram