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415 Gostlin St, Hammond, IN, 46327

2beds
2baths
--sqft
$250,000
--price/sqft
$1,818/moest. monthly cost
$72,720/yrincome needed

About This Home

Outstanding Investment Opportunity! This well-maintained, income-producing property features two fully occupied one-bedroom residential units, plus a street-level storefront offering excellent potential for additional rental income. With established tenants already in both units, investors can enjoy immediate, stable cash flow from day one. Whether you're a seasoned investor or purchasing your first investment property, this turnkey asset offers a strong addition to any portfolio. The building has been meticulously maintained and is ready to continue generating reliable income. This building is available for purchase individually or as part of an exceptional FOUR-PROPERTY INVESTMENT PORTFOLIO. Whether you're looking to acquire a single performing asset or scale your investment holdings with multiple properties, this offering provides flexibility to meet your investment goals. Don't miss this rare opportunity to own a high-performing, fully leased property with the option to expand your real estate portfolio. Addresses of other properties: 4 Waltham St, Hammond, IN; 830 Wilcox St, Hammond, IN; and 3824 Parrish Ave, East Chicago, IN.

Getting Around

73
WalkingVery Walkable
0
TransitVery Limited Transit
61
BikeBikeable

Schools

2/10
Hammond High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1910

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Triplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Property

Details

  • Parcel number: 450225256035000023
  • Special condition: As Is

Lot

  • Lot size: 3,484 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Winter Weather
Heat Wave
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,264$15,168
Home Insurance *$177$2,124
Property Taxes $193$2,316
Electricity $184$2,212
Total$1,818$21,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,331/yr
40% on housing$54,540/yr
45% on housing$48,480/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46327$73
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46327$111
Lake County$150

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-22Listed for sale$250,000
2026-07-18Listing removed$169,900
2026-07-16Listed for sale$169,900
2026-04-13Listing removed$825
2026-03-02Listed for rent$825
2024-12-06Listing removed$795
2024-11-24Price change$795
2024-11-12Price change$850
2024-10-02Price change$875
2024-09-06Listed for rent$950
2017-05-12Listing removed$625
2017-04-14Listed for rent$625

For Sale by Agent

AgentGrace Acquah
BrokerageKeller Williams Indy Metro NE

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