Property Overview
Discover a rare redevelopment opportunity at 2-6 and 14 Ruth Street in Hammond, Indiana. This offering includes a vacant multi-family brick building and an adjacent lot, collectively spanning 0.4 acres. Ideal for experienced investors and developers, this property offers exceptional potential for renovation or new development in a high-demand area, with the opportunity to convert the property into condos or other high-value residential units. Also included in this offering is 14 Ruth Street, a vacant lot that can be utilized for additional residential development or converted into convenient parking for the renovated building.

Investment Highlights

• Perfect for seasoned investors or developers looking to maximize value through strategic renovation or conversion to condominiums.

• Opportunity to transform 42 units into high-demand housing in a thriving market.

• Included 14 Ruth Street provides flexibility for parking or further development to enhance the property's appeal and functionality.

• Positioned in a dynamic and economically diverse region with a mix of industrial, educational, and recreational appeal.

• Location: State Line & Ruth Street, Hammond, IN (state line of Indiana & Illinois)

• Collective Lot Size: 0.4 acres (17,424 sq ft)

• Building Area: 23,728 sq ft

• Units: 42 total residential units

Key Features

• Strategic Location: One mile from Calumet Avenue and close to Hammond Station, I-90, I-94, and Pace Bus routes for excellent connectivity.

• Located in Downtown Hammond: Centrally positioned in the heart of Downtown Hammond, offering direct access to its vibrant commercial district, dining options, and cultural attractions.

• Development Potential: Opportunity to renovate the existing structure and utilize the vacant lot for additional residential units, parking, or upscale condominiums.

• Brick Construction: Durable, low-maintenance material ensures cost efficiency for long-term investments.

• Amenities: Proximity to shopping, dining, schools, Purdue University Northwest, and recreational spaces like Harrison Park and the Erie Lakawanna Trail.

Demographics & Market Highlights

• Dense Population: Over 116,600 residents within 3 miles with an average household income of $72,467.

• Employment Hub: 83,100+ jobs within 5 miles.

• Proximity to Chicago: Just 28 miles from downtown, offering metropolitan access with suburban advantages.

Disclaimer:
All details provided are for informational purposes only and subject to verification. Prospective buyers are advised to conduct independent due diligence to confirm property specifics and feasibility. The Seller acquired these assets via tax deed. Liens and encumbrances received prior to the issuance of a tax deed are extinguished upon the issuance of the tax deed. Any liens, encumbrances, or taxes received after the issuance of the tax deed and before the property auction will be the responsibility of the seller. The property will be transferred via quit-claim deed.

Don’t miss this prime investment opportunity to reshape and redefine a valuable asset in Hammond, Indiana!

Settlement Terms:
Please see the settlement terms provided below. There is no buyer's premium for this auction.