$585,000

beds

baths

half baths

5,320

square ft

1291-1297 Lake Charles Avenue

Porter, Indiana 46304

Closed / MLS #842347 / Multiple Unit (2-4) / Porter

Listing information updated 8/27/2026 at 4:44pm

Excellent investment opportunity to acquire a well-maintained 4-unit townhome community in the highly desirable Porter area, just minutes from the Indiana Dunes National Park, I-94, and the South Shore commuter rail. Built in 1993, each spacious unit features approximately 1,330 SF with 2 bedrooms, 1.5 bathrooms, open-concept living areas, vaulted ceilings, granite countertops, stainless steel appliances, private rear decks, and in-unit washer/dryer hookups. Each unit is individually metered with tenants responsible for electric, gas, water/sewer, and trash, minimizing owner expenses. Recent capital improvements include roof replacement, HVAC and water heater updates, and parking lot resurfacing. Current rents provide immediate cash flow with significant upside as rents move toward market levels. An outstanding value-add opportunity in one of Northwest Indiana's strongest rental markets.

Full Features

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Gas Range, Refrigerator

Pool:

Age:

33 Years

Parking Type:

Additional Parking,Off Street,Paved

Garage:

Additional Parking,Off Street,Paved

Water Front:

Square Feet:

5,320

Lot Size:

0.463 Acres

Acreage:

0.463

Taxes & Assessments

Tax Amount:

$7,500

Tax Year:

2024

Location

Zip Code:

46304

City:

Porter

County:

Porter

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Gas Range, Refrigerator

Pool:

Age:

33 Years

Parking Type:

Additional Parking,Off Street,Paved

Garage:

Additional Parking,Off Street,Paved

Water Front:

Square Feet:

5,320

Lot Size:

0.463 Acres

Acreage:

0.463

Tax Amount:

$7,500

Tax Year:

2024

Zip Code:

46304

City:

Porter

County:

Porter

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Ellsbury Commercial Group LLC

Listing Office Phone: 219.200.5133

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/27/2026 at 4:44pm. 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.