216 220 Hollywood Avenue
Munster, IN 46321
- – beds
- – baths
- – sqft
- 3,959 sqft lot
- 1943 build
- – on site
Prime investment opportunity in Munster, IN--this fully rented duplex at 216-220 Hollywood Ave is an excellent addition to any portfolio. Both units are leased, providing immediate cash flow with zero owner-paid utilities. The property features two identical units, each offering 2 bedrooms and 1 bathroom. The 216 unit is currently rented for 1,620 per month with a lease in place through June 30, 2025, while the 220 unit is leased at 1,550 per month until August 31, 2025. With a total annual rental income of 37,440 and a pro forma potential of 43,200, this property offers strong returns with room for future rent increases.Financially, the property is low-maintenance with annual insurance costs of 1,300 and 2025 property taxes of 3,743.60 for Unit 216 and 3,974.44 for Unit 220. Located in a sought-after rental market with top-rated schools and convenient access to Chicago, this duplex is ideal for investors seeking stable, long-term income. Whether you're looking for steady passive income or a property with growth potential, this is a turnkey investment you won't want to miss.
Last checked:
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Last updated Mar 27, 2025
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MLS# 817283 —
The Building
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Year Built:1943
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New Construction:false
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Patio And Porch Features:Covered, Front Porch
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Levels:Two
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Basement:Full, Storage Space, Sump Pump
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Basement:true
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Above Grade Finished Area:1728
Interior
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Interior Features:Other
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Fireplace:false
Location
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Directions:HOHMAN AVENUE TO HOLLYWOOD, EAST TO HOME, HOME IS ON THE RIGHT
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Latitude:41.57446
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Longitude:-87.521427
The Property
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Parcel Number:450613181003000027
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Property Subtype:Duplex
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Lot Features:Back Yard, Front Yard, Near Public Transit
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Lot Size Acres:0.0909
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Lot Size Square Feet:3959
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Lot Size Source:Public Records
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Additional Parcels:true
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View:Neighborhood
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Exterior Features:Other, Private Yard, Storage, Rain Gutters
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 772-0939
- Office phone:
- (219) 200-5133
Taxes
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Tax Year:2024
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Tax Annual Amount:7718.04
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Tax Legal Description:HOLLYWOOD OF HAMMOND L.42 BL.3HOLLYWOOD OF HAMMOND L.43 BL.3
Heating & Cooling
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Heating:Forced Air, Natural Gas
Utilities
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Utilities:Cable Available, Natural Gas Available, Electricity Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Washer, Refrigerator, Microwave, Gas Range, Dryer
The Community
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Subdivision Name:Hollywood
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Pool Features:None
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Pets Allowed:Yes
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Association:false
Parking
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Garage:true
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Garage Spaces:2
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Parking Features:Alley Access, Off Street, Detached
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
