About 1230 Lake Charles Avenue
Rare opportunity to acquire a 28-unit multifamily portfolio in Porter, Indiana, consisting of three townhome-style properties totaling approximately 37,240 SF. The portfolio includes one 12-unit property and two 8-unit properties, with all units featuring 2-bedroom, 1.5-bath layouts. Properties are individually metered, with tenants responsible for electric, gas, water/sewer and trash, creating a low owner expense structure. Private outdoor space, in-unit laundry hookups and additional garage income enhance the offering. Strong in-place income with additional upside through continued rent growth. Conveniently located near I-94, US-20, the South Shore Line and Indiana Dunes National Park. Properties are available for purchase as a complete 28-unit portfolio or individually. Excellent opportunity for an investor seeking immediate scale in Northwest Indiana's multifamily market.
Features of 1230 Lake Charles Avenue
| MLS® # | 844657 |
|---|---|
| Price | $4,200,000 |
| Bathrooms | 0.00 |
| Square Footage | 37,240 |
| Acres | 3.33 |
| Year Built | 1995 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1230 Lake Charles Avenue |
|---|---|
| City | Porter |
| County | Porter |
| State | IN |
| Zip Code | 46304 |
Amenities
| Utilities | Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected |
|---|---|
| Parking Spaces | 69 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | August 31st, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Tariq Suboh |
|---|---|
| Office | Ellsbury Group |