Investment Overview

Marcus & Millichap is pleased to present a four-property portfolio of 118 apartment units located in northwest Indiana including the cities of Crown Point, Highland, and Griffith, all located in Lake County. Northwest Indiana is known for its proximity to Chicago, offering a mix of suburban and small-town living with access to urban amenities. Three out of four properties are located within one mile of each other, while the fourth is approximately eight miles away. Residents enjoy access to a diverse mix of commercial areas with restaurants, shops, and entertainment options as well as the local schools, recreational parks, and festivals. This portfolio consists of 54 one-bedroom / one-bathroom units (approximately 716 square feet), 50 two-bedroom / one-bathroom units (approximately 886 square feet), and 14 two-bedroom / two-bathroom units (approximately 1,200 square feet). Units throughout the portfolio feature select upgrades including upgraded kitchens and bathrooms, new flooring, and refreshed hallways and common areas. Tenants are responsible for paying heat and electric at each property. Here, a new investor has to opportunity to acquire a well-maintained portfolio in a strong northwest Indiana rental market. A new owner has the ability to increase cash flow through continued unit renovation.