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1735 S Fairbanks ST Griffith, IN 46319

5 Beds

4 Baths

46,827 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 46,827 sqft

Price per Sqft $8

MLS Listing ID 842025

Bedrooms 5

Full Baths 3

Three Quarter Bath 1

Year Built 1948

Annual Tax Amount $3,555

Tax Year 2025

Lot Size 1.075 Acres

Acres 1.075

Property Sub-Type Duplex

Property Description

Investor opportunity: Why buy one rental property when you can own two fully remodeled homes on a single parcel? Located on more than one acre in Griffith's New Elliott area within the highly regarded Lake Central School District, this unique property offers two separate residential structures and multiple paths to generating income. The primary home features 3 bedrooms, 2 bathrooms, and nearly 1,100 finished square feet. Notable features include a split-bedroom floor plan, primary suite with ensuite bathroom, finished laundry room, and an open-concept living room and kitchen designed for modern living. The accessory dwelling unit adds over 800 finished square feet and creates exceptional flexibility. The second home includes a spacious living room, finished laundry area, and two bedrooms, each with its own ensuite bathroom. Whether used for long-term tenants, multi-generational housing, guest accommodations, employee housing, or owner-occupant house hacking, the possibilities are substantial. Unlike many investment opportunities, both homes have already been remodeled, reducing the need for immediate capital improvements and allowing a new owner to focus on occupancy and cash flow. The property also includes a large 2-car garage and over one acre of land--an increasingly rare combination in Northwest Indiana. Conveniently located just one mile from US-30, the property provides easy access to Schererville, Dyer, Highland, and major employment centers throughout the region. Downtown Chicago is approximately 45 minutes away. All appliances stay. Two homes. One parcel. Over an acre of land. Whether you're looking to expand your portfolio, create multiple income streams, or secure a property with built-in flexibility, opportunities like this rarely reach the market.

Location

State IN

County Lake

Interior

Interior Features Ceiling Fan(s)

Heating Central, Natural Gas, Forced Air

Fireplace N

Appliance Dryer, Water Softener Owned, Washer, Refrigerator, Range, Microwave

Exterior

Garage Spaces 2.0

View Y/N true

View true

Building

Lot Description Back Yard, Rectangular Lot, Front Yard, Few Trees

Story One

Schools

School District Lake Central

Others

Tax ID 451111476039000032

SqFt Source Estimated

Acceptable Financing NRA20260709192029279988000000

Listing Terms NRA20260709192029279988000000

Pets Allowed Yes

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Listed by Listing Leaders • Charles Vanderstelt

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1735 S Fairbanks ST Griffith, IN 46319

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1735 S Fairbanks ST