Ellsbury Group

Ellsbury Group Commercial • Multifamily • Residential • Retail • Industrial • Real Estate Experts

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SOLD 📍 350 Long Street | North Vernon, Indiana (Sycamore Manor)Ellsbury Group successfully closed the sale of Sycamore M...
06/18/2026

SOLD 📍 350 Long Street | North Vernon, Indiana (Sycamore Manor)

Ellsbury Group successfully closed the sale of Sycamore Manor, a 16-unit multifamily property located in North Vernon, Indiana, for $1,200,000 in June 2026.

Represented by Justin Lowe and David Orton, this transaction reflects the continued strength of Indiana’s multifamily investment market. Well-positioned apartment communities with stable occupancy and long-term income potential remain highly attractive to investors seeking dependable cash flow and portfolio growth.

As demand for multifamily assets continues across secondary and tertiary markets, strategic acquisitions and dispositions are creating opportunities for investors throughout the Midwest.

Looking to buy or sell? Let's connect.

🌐 https://ellsburygroup.com

JUST LISTED | Porter, IN — 1230–1256 Lake Charles Ave | $1,750,000Ellsbury Group is pleased to present a 12-unit townhom...
06/17/2026

JUST LISTED | Porter, IN — 1230–1256 Lake Charles Ave | $1,750,000

Ellsbury Group is pleased to present a 12-unit townhome community in Porter, Indiana. Built in 1995, the property offers spacious 2BR/1.5BA townhomes averaging 1,330 SF, each with a vaulted main level, private rear deck, and detached garage space — 12 garage bays across two structures.

The asset is individually metered, with tenants covering all utilities, keeping the owner's expense load low and producing a 7.01% in-place cap rate. With current rents averaging ~$1,312 against $1,600 market, there's roughly 22% of embedded upside, supporting an 8.88% pro forma cap. Minutes from I-94, US-20 and the Dune Park South Shore station near the Indiana Dunes.

📞 Tariq Suboh | 219.805.5200 | [email protected]

JUST LISTED | Crest Hill, IL — Theodore Plaza | $1,939,000Ellsbury Group is pleased to present Theodore Plaza, a ±15,000...
06/15/2026

JUST LISTED | Crest Hill, IL — Theodore Plaza | $1,939,000

Ellsbury Group is pleased to present Theodore Plaza, a ±15,000 SF grocery-anchored, multi-tenant retail center on a signalized hard corner in Crest Hill. The center is ~95.7% leased to five established, necessity-based tenants — anchored by Carniceria Flores — producing $164,670 in-place NOI at an 8.49% cap rate, with a clear path to a 9.24% stabilized return on lease-up of the final 634 SF suite. Modified-gross leases with 2026–2027 increases add mark-to-market and expense-recovery upside, all priced at roughly $130/SF — below replacement cost. Positioned on a ~23,000 VPD corner in a trade area up 51.7% since 2000, this is a stable, daily-needs asset with a defined runway to higher income.

📞 Jeremy Slowinski | +1 (708) 670-2032 | [email protected]

SOLD 📍 5625 Massachusetts Street | Merrillville, IndianaEllsbury Group successfully closed the sale of this 4-unit multi...
06/12/2026

SOLD 📍 5625 Massachusetts Street | Merrillville, Indiana

Ellsbury Group successfully closed the sale of this 4-unit multifamily property in Merrillville, Indiana, for $435,000 in June 2026.

Represented by Andy Page and Xever Lemieux, this transaction highlights the continued demand for small multifamily investment properties throughout Northwest Indiana. Well-maintained apartment assets with stable rental income continue to attract investors seeking long-term growth and cash flow opportunities.

As the multifamily market remains active, strategic acquisitions and dispositions continue to create value for both buyers and sellers across the region.

Looking to buy or sell? Let's connect.

🌐 https://ellsburygroup.com

JUST LISTED: Lute Land, Portage Township | Porter County, IN 📍Ellsbury Group is pleased to present Lute Land, a rare 64....
06/08/2026

JUST LISTED: Lute Land, Portage Township | Porter County, IN 📍

Ellsbury Group is pleased to present Lute Land, a rare 64.14-acre land offering comprised of four contiguous parcels located in the Garyton area of Portage Township, Porter County, Indiana. Currently farmed, the property includes one residential parcel and three agricultural parcels, providing flexibility for a variety of investment and development strategies.

Ideally positioned near established neighborhoods, apartment communities, and major transportation routes, Lute Land offers excellent potential for continued agricultural use, long-term land investment, or future development opportunities.

List Price: $750,000

Contact:
Tariq Suboh | 219.805.5200
[email protected]

🌐 ellsburygroup.com

JUST LISTED: Dover Place Apartments | Madison, IN 📍Ellsbury Group is pleased to present Dover Place Apartments, a well-m...
06/08/2026

JUST LISTED: Dover Place Apartments | Madison, IN 📍

Ellsbury Group is pleased to present Dover Place Apartments, a well-maintained 55-unit multifamily community located at 2750 Michigan Road in Madison, Indiana. Built in 1983, the property features a one-story ranch-style design with efficient layouts and a diverse unit mix, delivering strong in-place performance and operational stability.

The property consists of 9 studio units, 36 one-bedroom units, and 10 two-bedroom units. The one-bedroom and two-bedroom units include washer and dryer hook-ups, enhancing tenant convenience and supporting strong rental demand. Dover Place is currently operating at high occupancy, reflecting consistent tenant retention and a healthy local market.

List Price: $3,750,000

Contact:
Justin Lowe | 765.401.1122
[email protected]

David Orton | 317.412.1572
[email protected]

🌐 https://ellsburygroup.com

JUST LISTED: 5263-65, 5271-73, 5277-79 Mulberry Avenue | Portage, IN 📍Ellsbury Group is pleased to present the Mulberry ...
06/05/2026

JUST LISTED: 5263-65, 5271-73, 5277-79 Mulberry Avenue | Portage, IN 📍

Ellsbury Group is pleased to present the Mulberry Avenue Portfolio, a well-performing multifamily investment opportunity in Portage, Indiana. This portfolio consists of three duplex buildings totaling six residential units, featuring six 2-bedroom, 1-bathroom apartments with an average unit size of 828 SF.

List Price: $805,000

Contact:
Tariq Suboh | 219.805.5200
[email protected]

🌐 https://ellsburygroup.com

NEW BLOG 📊 Why Working With Commercial Brokers Matters More Than Most Investors RealizeIn commercial real estate, broker...
06/05/2026

NEW BLOG 📊 Why Working With Commercial Brokers Matters More Than Most Investors Realize

In commercial real estate, brokers play a key role in access to off-market deals, early opportunities, and market insight. The investors who build strong broker relationships often gain a clear competitive advantage.

In this blog, we break down why trust, communication, and reputation with brokers can directly impact your deal flow and long-term success.

Read more ➡️ https://ellsburygroup.com/blog/why-working-with-commercial-brokers-matters-more-than-most-investors-realize

JUST LISTED: 220 Main Street | Hobart, IN 📍Ellsbury Group is pleased to present a recently renovated mixed-use investmen...
06/04/2026

JUST LISTED: 220 Main Street | Hobart, IN 📍

Ellsbury Group is pleased to present a recently renovated mixed-use investment opportunity in the heart of Downtown Hobart, Indiana. Overlooking Lake George, this 7-unit property features four spacious 2-bedroom apartments and three ±1,200 SF retail storefronts. Positioned within Hobart’s thriving Main Street district, the asset offers strong visibility, walkability, diversified income, and value-add potential through future rent growth.

Surrounded by restaurants, shopping, entertainment, and major transportation routes, this property presents a rare opportunity in one of Northwest Indiana’s fastest-growing downtown markets.

List Price: $875,000

Contact:
Xever Lemieux | 219.384.7994
[email protected]
Andy Page | 630.418.3093
[email protected]

🌐 https://ellsburygroup.com/

SOLD 📍 124 N Eddy Street | South Bend, IndianaEllsbury Group successfully closed the sale of this 22-unit multifamily pr...
06/03/2026

SOLD 📍 124 N Eddy Street | South Bend, Indiana

Ellsbury Group successfully closed the sale of this 22-unit multifamily property in South Bend, Indiana, for $2,220,000 in June 2026.

Represented by Andy Page and Xever Lemieux, this transaction reflects the continued demand for multifamily investment opportunities throughout Northern Indiana and the strong value-add potential that well-positioned apartment communities offer investors.

As the multifamily market remains active, strategic acquisitions and dispositions continue to create opportunities for both buyers and sellers across the region.

Looking to buy or sell? Let’s connect.

🌐 https://ellsburygroup.com

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Chicago, IL
60606

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