IN > Munster > Hollywood
Munster, IN 46321,216-220 Hollywood AVE
Munster, IN 46321,216-220 Hollywood AVE
Munster, IN 46321,216-220 Hollywood AVE
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Jaime Birks

Jaime Birks

+1(708) 259-6242
$369,000
Est. payment /mo
3,959 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,959 sqft

Price per Sqft $93

Subdivision Hollywood

MLS Listing ID 817283

Year Built 1943

Annual Tax Amount $7,718

Tax Year 2024

Lot Size 3,959 Sqft

Acres 0.0909

Property Sub-Type Duplex

Property Description

Prime investment opportunity in Munster, IN--this fully rented duplex at 216-220 Hollywood Ave is an excellent addition to any portfolio. Both units are leased, providing immediate cash flow with zero owner-paid utilities. The property features two identical units, each offering 2 bedrooms and 1 bathroom. The 216 unit is currently rented for 1,620 per month with a lease in place through June 30, 2025, while the 220 unit is leased at 1,550 per month until August 31, 2025. With a total annual rental income of 37,440 and a pro forma potential of 43,200, this property offers strong returns with room for future rent increases.Financially, the property is low-maintenance with annual insurance costs of 1,300 and 2025 property taxes of 3,743.60 for Unit 216 and 3,974.44 for Unit 220. Located in a sought-after rental market with top-rated schools and convenient access to Chicago, this duplex is ideal for investors seeking stable, long-term income. Whether you're looking for steady passive income or a property with growth potential, this is a turnkey investment you won't want to miss.

Location

State IN

County Lake

Interior

Interior Features Other

Heating Forced Air, Natural Gas

Fireplace N

Appliance Dishwasher, Washer, Refrigerator, Microwave, Gas Range, Dryer

Exterior

Exterior Feature Other, Private Yard, Storage, Rain Gutters

Garage Spaces 2.0

View Y/N true

View true

Building

Lot Description Back Yard, Front Yard, Near Public Transit

Story Two

Others

Tax ID 450613181003000027

Acceptable Financing NRA20250303201647790171000000

Listing Terms NRA20250303201647790171000000

Pets Allowed Yes

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Listed by Ellsbury Commercial Group LLC

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agent

Jaime Birks

+1(708) 259-6242

Broker

Broker

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Phone*

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216-220 Hollywood AVE