About 6429 S Kennedy Avenue 31
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.
Features of 6429 S Kennedy Avenue 31
| MLS® # | 839380 |
|---|---|
| Price | $550,000 |
| Bathrooms | 0.00 |
| Square Footage | 7,952 |
| Acres | 0.13 |
| Year Built | 1952 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 6429 S Kennedy Avenue 31 |
|---|---|
| Subdivision | Turner-Meyn Park |
| City | Hammond |
| County | Lake |
| State | IN |
| Zip Code | 46323 |
Amenities
| Utilities | Electricity Connected, Water Connected, Sewer Connected, Sewer Available, Other, Natural Gas Connected |
|---|---|
| Parking Spaces | 12 |
| Parking | Attached, Additional Parking, On Street, Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Eat-in Kitchen, Kitchen Island, Granite Counters |
|---|---|
| Appliances | None |
| Heating | Forced Air, Natural Gas |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Sump Pump, Unfinished |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Corner Lot, Paved |
Additional Information
| Date Listed | May 19th, 2026 |
|---|---|
| Zoning | Mixed Use |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Diana Franz |
|---|---|
| Office | Brokerworks Group |