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Steve Lau
REALTOR®
(574) 850-9086
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5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo
5340 Pennsylvania Street, Merrillville, IN 46410 Photo

23 Total Photos [Click to View All]

$430,000
Status: Under Contract
5340 Pennsylvania Street Merrillville, IN 46410
  • 8
    Bedrooms
  • 4
    Total Baths
  • Square Feet
  • 0.27
    Acres
  • 1964
    Year Built
  • HOA

Property Description

Excellent investment opportunity! Fully occupied 4-unit building featuring all 2 bed, 1 bath units with strong rental demand in the area. Current rents are Unit A at 900/month (lease ending 9/30/2026), Unit B at 725/month with tenant vacating 6/30/2026 creating the perfect opportunity to update the unit and bring rents closer to market value, Unit C at 900/month (lease ending 2/28/2027), and Unit D at 975/month (lease ending 11/30/2026). Market rents for 2 bed, 1 bath units in the area are currently averaging approximately 1,000-1,200/month, offering strong upside potential for investors looking to increase cash flow over time. Based on pro forma market rents, the property has the potential to generate approximately 4,000-4,800 per month in gross rental income. Property features include a private backyard, two storage sheds, and separately metered gas and electric utilities paid by tenants. Owner currently pays water, trash, and sewage. Great opportunity for both seasoned investors and buyers looking to grow their portfolio with a value-add multifamily property.

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Listed By / Shown By

Listed By

Broker Name: Property Boss
Broker Phone: (219) 801-6123

Shown By

Agent Name: Steve Lau
Agent Phone: (574) 850-9086
Broker Title: Cressy & Everett Real Estate

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Property Features

MLS Number: 839563
Subdivision: Southlands 03
County: Lake
Bedrooms: 8
Total Square Feet: 0
New Constuction: No
Construction:
Outdoor Features: Private Yard
Waterfront: No
Property Type: Multi Unit - Multiple
Heating: Forced Air
Lot Size: 0.27 Acres
Stories: 2.0
Taxes: $3,018
Year Built: 1964

Amenities

Entrance Foyer
Private Yard

Appliances

Gas Range
Refrigerator

Feature Descriptions

Days on CressyEverett.com: 6
Lot: Back Yard, Paved
Parking Features: Paved
Rent Includes: Sewer, Water, Trash Collection
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Water: Public

Location

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Estimated Payment

$ 2,506.18 per month $2,129.27 Principal & Interest $251.50 Property Tax $125.42 Homeowner's Insurance

Change Payment Information

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(Payments are an estimate and may vary by lender)
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/01/2026. The listing information on this page last changed on 06/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 06/01/2026 6:00:18 AM EST) or MichRic (Michigan Regional Information Center) (last updated Sun 05/31/2026 11:17:30 PM EST) or NIRA MLS (last updated Sun 05/31/2026 11:04:46 PM EST) or IRMLS (last updated Sun 05/31/2026 11:11:58 PM EST). Real estate listings held by brokerage firms other than Cressy & Everett Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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Greater Northwest Indiana Association of REALTORS®, Inc. Multiple Listing Service IDX data is copyrighted 2026 by the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved.

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Agency License Information: Cressy & Everett Real Estate is licensed in the states of Indiana and Michigan.



Agent License Information: Steve Lau is licensed to sell real estate in the state of Indiana.

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