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

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JUST LISTED | Hammond, IN — 8 Units | $649,000Ellsbury Commercial Group is pleased to present 4104 Hohman Avenue, an 8-u...
10/19/2026

JUST LISTED | Hammond, IN — 8 Units | $649,000

Ellsbury Commercial Group is pleased to present 4104 Hohman Avenue, an 8-unit brick apartment building in north Hammond. It’s 100% leased, with every lease running into 2027. The property has a 7.53% in-place cap rate at $81,125 per unit, which is about 33% below the per-unit average of nearby sales.

Value-add upside: bringing rents to the $8,600/month market rate lifts pro forma NOI to $57,067, an 8.79% return. Leases expire one at a time from January through October 2027, so a new owner can raise rents unit by unit. The property is about half a mile from the Hammond Gateway South Shore station and roughly 2.5 miles from Wolf Lake, the area being considered for the proposed Bears stadium.

📞 Contact the listing team:
Andy Page | 630.418.3093 | [email protected]
Xever Lemieux | 219.384.7994 | [email protected]
Tariq Suboh | 219.805.5200 | [email protected]

Ellsbury Group is exhibiting at the Automotive Recyclers Association’s 83rd Annual Convention & Exposition in Atlanta th...
10/14/2026

Ellsbury Group is exhibiting at the Automotive Recyclers Association’s 83rd Annual Convention & Exposition in Atlanta this week, October 14–17 at the Cobb Galleria Centre.

Lane Moser, Senior Broker, and Jeremy Slowinski, Industrial Market Director, are at the show meeting with owners and operators from across the country. Our industrial and scrap yard advisory practice represents sellers of recycling yards, industrial buildings, outdoor storage and heavy industrial land in all 50 states, connecting them with individual operators who understand the business.

For a confidential valuation of your yard or industrial property, contact Lane or Jeremy directly!

JUST LISTED | Ludlow, IL: Ludlow Mobile Home ParkEllsbury Commercial Group is pleased to present Ludlow Mobile Home Park...
10/09/2026

JUST LISTED | Ludlow, IL: Ludlow Mobile Home Park

Ellsbury Commercial Group is pleased to present Ludlow Mobile Home Park, an 11-pad manufactured housing community with an on-site single-family home at 220–224 N Poplar St. All 11 pads are leased and every home is tenant-owned, so there are no park-owned homes to repair or turn. Three seller-financed homes add $7,200 a year in note income.

The park produces $38,388 in NOI, a 12.84% in-place cap rate. It has clear value-add upside: lease the vacant single-family home, add the licensed 12th pad and bring utility bill-backs up to market. Together those lift pro forma NOI to $55,798, a 14.92% return on an all-in basis. The site is on US 45, about 6 miles from Rantoul and Paxton and 20 miles from Champaign-Urbana.

For details or to request the Offering Memorandum, contact:
John Wiebolt | Associate Broker
(218) 234-0577 | [email protected]

PRICE REDUCED | Mishawaka, INNew pricing on 432 & 434 S Byrkit Ave, two neighboring industrial buildings in Mishawaka, I...
10/07/2026

PRICE REDUCED | Mishawaka, IN

New pricing on 432 & 434 S Byrkit Ave, two neighboring industrial buildings in Mishawaka, Indiana, available separately or together.

🏭 434 S Byrkit: ±12,000 SF two-tenant industrial building with a new 2025 roof. Now $524,000 (reduced from $599,000).
🏭 432 S Byrkit: ±3,000 SF all-electric small-bay building with 4 units and 6 drive-in doors, 3 of 4 units leased. Now $149,900 (reduced from $179,000).
🏭 Both buildings: ±15,000 SF combined. Now $673,900 (reduced from $778,000).

Month-to-month leases throughout give investors upside and owner-users flexibility.

For details, contact:
Xever Lemieux | 219.384.7994 | [email protected]
Jeremy Slowinski | 708.670.2032 | [email protected]
Andy Page | 630.418.3093 | [email protected]

SOLD | Valparaiso, IN — 1710 Firestone LaneEllsbury Commercial Group is pleased to announce the sale of 1710 Firestone L...
10/02/2026

SOLD | Valparaiso, IN — 1710 Firestone Lane

Ellsbury Commercial Group is pleased to announce the sale of 1710 Firestone Lane, an 8-unit townhome community in Valparaiso, Indiana, for $1,325,000 ($165,625 per unit).

Built in 2004, the property offers spacious 3-bed / 2.5-bath townhomes of roughly 1,400 SF each, with private attached two-car garages, in-unit laundry and a 2024 roof replacement. Located about 1.2 miles from Valparaiso University, with historical vacancy under 5% and roughly 17% rent upside built in, it was a turnkey asset with clear value-add potential.

Andy Page | Vice President | 630.418.3093 | [email protected]
Xever Lemieux | Vice President | 219.384.7994 | [email protected]
Tariq Suboh | Managing Partner | 219.805.5200 | [email protected]

SOLD | Porter, INEllsbury Group is proud to announce the sale of 1327-1341 Lake Charles Avenue, an 8-unit multifamily pr...
10/01/2026

SOLD | Porter, IN

Ellsbury Group is proud to announce the sale of 1327-1341 Lake Charles Avenue, an 8-unit multifamily property in Porter, Indiana, which closed at $1,250,000 ($156,250 per unit).

This well-kept townhome-style property has on-site parking and sits minutes from the Indiana Dunes and the I-94 / US-20 corridor. That combination keeps demand strong from both renters and investors across Northwest Indiana.

Thinking about selling your multifamily property? Reach out for a confidential valuation.

Tariq Suboh | Managing Partner
219.805.5200 | [email protected]

SOLD | Canterbury Court Apartments – Winamac, INEllsbury Group is pleased to announce the sale of Canterbury Court Apart...
09/28/2026

SOLD | Canterbury Court Apartments – Winamac, IN

Ellsbury Group is pleased to announce the sale of Canterbury Court Apartments, a 19-unit multifamily property in Winamac, Indiana. It closed at $1,050,000, about $55,263 per unit, a strong result for a stable, well-located rural Indiana apartment asset.

Congratulations to all parties involved. Considering selling your multifamily property or curious what it's worth? Contact us for a confidential Broker Opinion of Value.

Jeremy Slowinski | Industrial Market Director
708.670.2032 | [email protected]

🏢 JUST LISTED — DUPLEX | Highland, Indiana | $319,000Ellsbury Commercial Group is pleased to present 2609–11 Lincoln Str...
09/10/2026

🏢 JUST LISTED — DUPLEX | Highland, Indiana | $319,000

Ellsbury Commercial Group is pleased to present 2609–11 Lincoln Street, a two-unit multifamily property in Highland, Indiana. Built in 1966, the 1,664 SF building is made up of two 2-bedroom / 1-bathroom units averaging 832 SF each.

Both units are leased and occupied with terms running into 2027, and tenants pay all utilities — water, sewer, electricity, gas and garbage — with individual water heaters per unit.

In-place rents total $2,575 per month against projected market rents of $1,650 per unit, or $3,300 per month — roughly $725 per month and $8,700 per year of identified upside as rents are brought toward market. Priced at $159,500 per unit.

Located in Lake County within the Highland Town school district, approximately 30 miles southeast of Chicago with access to I-80/94, I-65, I-90 and U.S. 41.

📞 Tariq Suboh, Managing Partner
219.805.5200 | [email protected]

🏢 JUST LISTED | 6 Units | Chesterton, IN | $869,000Ellsbury Commercial Group is pleased to present 1217–1227 W Porter Av...
09/10/2026

🏢 JUST LISTED | 6 Units | Chesterton, IN | $869,000

Ellsbury Commercial Group is pleased to present 1217–1227 W Porter Ave, a six-unit condominium-style multifamily building in Chesterton, Indiana. Built in 1999 with masonry construction over two stories, the property holds four 2BR/1BA and two 1BR/1BA units across 4,952 SF, with 16 off-street parking spaces on a 0.27-acre parcel.

Unit finish is unusually strong for the price point — every unit has its own forced-air furnace, central A/C, water heater and fireplace, and tenants pay their own gas, electric and in-unit water. That structure holds expenses to 36.8% of collected income and produces $52,281 of in-place NOI, a 6.02% going-in cap rate.

The upside is the rent roll. In-place rents average $1,158 against a $1,528 pro forma — roughly 32% of embedded growth, with two units already month-to-month and a third rolling in January 2027. Marked to market, the property produces $69,515 of NOI and an 8.00% cap rate with no change to the physical plant. Duneland School Corporation, minutes from I-94, US-20 and the Dune Park South Shore station.

📞 Tariq Suboh, Managing Partner | 219.805.5200 | [email protected]

JUST LISTED — 20 Units | Valparaiso, IN | $2,900,000Ellsbury Group is pleased to present Sturdy-McCord Apartments, a 20-...
09/09/2026

JUST LISTED — 20 Units | Valparaiso, IN | $2,900,000

Ellsbury Group is pleased to present Sturdy-McCord Apartments, a 20-unit multifamily portfolio in Valparaiso. Five separately parceled four-unit buildings — 2004 McCord Rd with 1302, 1304, 1306 and 1308 Sturdy Rd — held in common ownership and offered together as a single transaction.

All twenty units are two-bedroom, one-bath layouts averaging 864 SF — the most liquid unit type in the Valparaiso rental market. Each building is paired with its own detached four-car garage, 20 private garage spaces in all with electric openers. Residents pay water, sewer, trash, electric and gas, holding the expense ratio to 27.3%.

In-place rents average $1,229 against a $1,475 pro forma — a 20% spread the local comps support. $212,019 of in-place NOI at a 7.31% going-in cap, with roughly $200,000 of capital already deployed on unit rehabs and mechanicals.

Tariq Suboh, Managing Partner
219.805.5200 | [email protected]

Address

311 S Wacker Drive, Suite 510
Chicago, IL
60606

Telephone

+12192005133

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