Listing provided courtesy of Ellsbury GroupNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 840017MLS Provider

6803 Schneider AvenueHammond, IN 46323

Commercial · 6,048 Sq. ft. | 0.25 Acres
$949,000 Active

6803 Schneider Avenue Overview

Time on Site:
26 days
Visits:
0

This property located in the highly desirable South Hammond submarket and presents an excellent opportunity to acquire a well-positioned 10-unit multifamily asset just minutes from the Hammond campus of Purdue University Northwest. The property is situated in a stable rental corridor with consistent housing demand driven by students, faculty, local employers, and commuters. The property's proximity to Purdue University Northwest provides a strong tenant base and long-term occupancy potential, while convenient access to major highways including I-80/94 and Indianapolis Boulevard offers an easy commute throughout Northwest Indiana and the greater Chicago metropolitan area. Investors will appreciate the combination of scale, location, and value-add potential in one of Hammond's most established neighborhoods. With multifamily inventory in this area remaining limited, this property offers the opportunity to capitalize on durable rental demand and strong long-term cash flow potential. Whether you're seeking to expand an existing portfolio or acquire a strategically located multifamily investment this property represents a compelling opportunity in a growing Northwest Indiana market.

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6803 Schneider Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 6,048
  • Price/Sq.ft. $157
  • Lot 0.25 Acres

Details

General

Income/Expenses

  • Gross Income: 102780
  • Net Operating Income: 68107
  • Operating Expense: 33034

Building Information

  • Year Built: 1951

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Forestdale
  • Township: North

Tax Information

  • Tax Annual Amount: 12414
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Other,Conventional
  • Parcel Number: 450709154001000023
  • Property Sub Type: Multi Family
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Building Features: Other
  • Electric: Other
  • Heating: Baseboard
  • Laundry Features: Laundry Room
  • Living Area: 6048

Exterior

Parking Information

  • Parking Features: Alley Access,On Street
  • Parking Total: 6

Lot Information

  • Lot Size Acres: 0.25
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 10890
  • Water Source: Public

Waterfront/View

  • View: Neighborhood
  • Waterfront: false

General Information

  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Water Connected,Sewer Connected,Natural Gas Connected

6803 Schneider Avenue 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.

6803 Schneider Avenue Monthly Cost

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* 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.

6803 Schneider Avenue 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

6803 Schneider Avenue History

Date Event Value Agent
6/3/2026Source: Northwest Indiana MLS Added to Database
June 03, 2026