7920 North Drive, Highland, IN 46322

$349,000
5
BD
2
BA

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List Price
$349,000
MLS#
842290
Status
ACTIVE
County
Lake
Listing Type
Multifamily
Year Built
1967

Property Description

Excellent investment opportunity in the heart of Highland! This fully leased duplex features one 3-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit, offering approximately 2,202 total square feet. Built in 1967, the property generates 3,135 per month (37,620 annually) with leases in place through 2026 and 2027, providing immediate, stable cash flow. Market rents offer additional upside potential. Owner pays gas, water, sewer, and trash; tenants pay electric, lawn care, and snow removal. Conveniently located near major highways, shopping, dining, and the Illinois state line, making it an attractive rental location.

Additional Information

Acres
0.18
Property Type
Residential Income
Status
ACTIVE
Subdivision
Homestead Gardens Master Add

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Calculator source: Real Geeks

Listing courtesy of Ellsbury Group.

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