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Listing provided courtesy of Brokerworks GroupNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 839380MLS Provider

6429 S Kennedy Avenue #31Hammond, IN 46323

Commercial · 7,952 Sq. ft. | 0.13 Acres
$550,000 Active

6429 S Kennedy Avenue #31 Overview

Time on Site:
35 days
Visits:
0

Incredible investment opportunity in Hammond! This 6-unit mixed-use building is a turnkey income generator with solid cash flow and massive upside. Perfectly situated on a high-visibility corner lot at Kennedy and Cleveland, the property boasts flexible Commercial C4 zoning--ideal for nearly any business type. The building features 3 vibrant commercial/retail spaces on the main level (currently home to a busy beauty salon, Herbalife retail, and a retail store) and 3 residential units above (two spacious 2-bedroom apartments and one cozy studio apartment). Additional revenue is generated by an attached 3-car garage. Located just minutes from major transit routes, local parks, and the bustling Indianapolis Blvd retail corridor, this location ensures a steady stream of foot traffic and tenant demand. Current Monthly Income Breakdown: Event Space: TBD/mo Beauty Salon: 1,500/mo 2-Bed Apt (Leased): 950/mo Herbalife Retail (M2M): 900/mo 2-Bed Apt (Leased): 800/mo 3-Car Garage (M2M): 600/mo Studio Apt (Leased): 400/mo Total Gross Income: 78,600/year. Don't miss out on adding this versatile, high-yield asset to your portfolio! Subject to tenant rights.

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6429 S Kennedy Avenue #31 Facts & Features

  • Type Commercial
  • Sq. ft. 7,952
  • Price/Sq.ft. $69
  • Lot 0.13 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Cable TV Expense: 0
  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gardener Expense: 0
  • Gross Income: 78600
  • Gross Scheduled Income: 0
  • Insurance Expense: 8400
  • Maintenance Expense: 0
  • Net Operating Income: 0
  • New Taxes Expense: 0
  • Operating Expense: 0
  • Pool Expense: 0
  • Trash Expense: 0

Building Information

  • Year Built: 1952

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Turner-Meyn Park
  • Township: North

Tax Information

  • Tax Annual Amount: 5264
  • Tax Year: 2024

General Information

  • Exclusions: Salon equipment/fixtures (negotiable)
  • Listing Terms: Cash,Conventional
  • Parcel Number: 450704455001000023
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Appliances: None
  • Building Features: Multi Tenant,Mixed Use,Business District Location,Enclosed Stair(s),Private Restrooms,Other
  • Electric: 100 Amp Service
  • Heating: Forced Air,Natural Gas
  • Interior Features: Eat-in Kitchen,Kitchen Island,Granite Counters
  • Laundry Features: Gas Dryer Hookup,Washer Hookup,Upper Level,Main Level
  • Living Area: 7952
  • Security Features: Carbon Monoxide Detector(s)

Unit Information

  • Unit Number: 31

Exterior

Parking Information

  • Parking Features: Attached,Additional Parking,On Street,Off Street
  • Parking Total: 12

Lot Information

  • Additional Parcels: false
  • Lot Features: Corner Lot,Paved
  • Lot Size Acres: 0.132
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5750
  • Water Source: Public

Waterfront/View

  • View: Other
  • Waterfront: false

General Information

  • Exterior Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Water Connected,Sewer Connected,Sewer Available,Other,Natural Gas Connected

6429 S Kennedy Avenue #31 Neighborhood

Community

46323 (Hammond) Demographics

35
Median Age
3,619
Population Density (per sq. mile)
23%
College Educated
$53,150
Estimated Median Income
5,356
Estimated Total Home Owners
2,528
Estimated Total Renters
68% / 32%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

6429 S Kennedy Avenue #31 Monthly Cost

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$ %
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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6429 S Kennedy Avenue #31 Market Data

Based on the last 30 days in this zip code

$204,545
Average List Price
$142
Average Price per Square Foot
22
Properties Sold
60
Average Days on Market
36
Properties for Sale
Calculations provided by Reliance Network

6429 S Kennedy Avenue #31 History

Date Event Value Agent
5/26/2026Source: Northwest Indiana MLS Added to Database
May 26, 2026