5340 Pennsylvania Street, Merrillville, IN 46410

Merrillville
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: keisha dooley
Office: property boss219-801-6123
MLS#:839563
Source:Northwest Indiana AOR as distributed by MLS GRID
5340 Pennsylvania Street,Merrillville, IN 46410
$430,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$430,000

About this home

Back on the market at no fault to the seller. 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 7/31/2026 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....

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1964
  • Subdivision & Development:Southlands 03
  • Listing ID #:839563
  • Added:90 day(s) ago
  • Updated:August 25, 2026 at 07:51 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Kitchen Description:Gas Range, Refrigerator
  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1964
  • Lot area:0.27 Acres
  • Exterior Features:Private Yard

Utilities

  • Water:Public

Finances and disclosures

  • Price:$430,000
  • Tax amount:$3,018 (2025)

Parking

  • Total parking spaces:10
  • Parking description:Paved
Based on information submitted to the MLS GRID as of August 25, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

New listings near 5340 Pennsylvania Street