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SOLD | 1291-1297 Lake Charles Avenue — Porter, IN | 4 Townhome UnitsEllsbury Commercial Group is pleased to announce the...
09/04/2026

SOLD | 1291-1297 Lake Charles Avenue — Porter, IN | 4 Townhome Units

Ellsbury Commercial Group is pleased to announce the sale of 1291-1297 Lake Charles Avenue, a fully occupied four-unit townhome property in Porter, Indiana, for $585,000.

The two-story townhome configuration, private entries, and off-street surface parking continue to drive strong tenant demand across the Porter/Chesterton submarket, with in-place rents leaving room for the new ownership to push to market on turnover. The property trades alongside Ellsbury's broader Lake Charles Avenue and Lawson Lane holdings in Porter County — one of Northwest Indiana's most consistently occupied small-multifamily markets.

Tariq Suboh | Founder / Broker
219.805.5200 | [email protected]

SOLD | 9 Units | Highland, IndianaEllsbury Group is pleased to announce the sale of 9201 Kennedy Avenue, a 9-unit multif...
09/03/2026

SOLD | 9 Units | Highland, Indiana

Ellsbury Group is pleased to announce the sale of 9201 Kennedy Avenue, a 9-unit multifamily asset in Highland, Indiana, for $1,315,000 — $146,111 per unit.

Positioned on a high-traffic corridor in one of Northwest Indiana's most stable rental submarkets, the property offered new ownership in-place income with meaningful upside through unit turns and rent repositioning. Both sides of the transaction were guided to a clean close by our multifamily team.

For acquisition or disposition guidance in the NWI multifamily market, contact:

Andy Page · 630.418.3093 · [email protected]
Xever Lemieux · 219.384.7994 · [email protected]

🟠 JUST LISTED — 16 townhomes across two buildings in Porter, Indiana.Ellsbury Commercial Group is pleased to present 132...
09/02/2026

🟠 JUST LISTED — 16 townhomes across two buildings in Porter, Indiana.

Ellsbury Commercial Group is pleased to present 1326–1340 LAKE CHARLES AVE
and 1365–1379 LAWSON LANE — two adjacent two-story townhome buildings
offered together.

LIST PRICE: $2,450,000 ($153,125 per unit · $115.13 per SF)

- 16 two-bedroom / 1.5-bath townhomes averaging 1,330 SF, each with an open
main level, in-unit washer/dryer hookups and a private rear deck
- Six detached garage spaces at Lawson Lane
- 21,280 building SF on 1.69 acres across two parcels
- Individually metered — tenants cover electric, gas, water/sewer and trash,
holding owner expenses near 32% of income
- 7.05% in-place cap · 15 of 16 units leased
- Rents average $1,328 against $1,600 market — roughly 20% upside to an
8.37% pro forma cap
- Basis lands about 6% under the comp set's $163,264 per-unit average

Recent capital is already done: roofs in 2013 and 2016, both lots repaved
in 2019, rolling HVAC and water-heater replacements through 2021.

Minutes from I-94, US-20 and the Dune Park South Shore station, near Indiana
Dunes National Park.

PROPERTY TOURS will be held on Friday, 9/4 from 2:00pm-4:30pm.

📩 Message us or reach out directly for the full offering memorandum:

Tariq Suboh, Partner / Founder
219.805.5200 · [email protected]

Andy Page, Vice President
630.418.3093 · [email protected]

🟠 JUST LISTED — 28 units. Three townhome properties. Ellsbury Commercial Group is pleased to present the PORTER TOWNHOME...
09/02/2026

🟠 JUST LISTED — 28 units. Three townhome properties.

Ellsbury Commercial Group is pleased to present the PORTER TOWNHOME
PORTFOLIO in Porter, Indiana — 1230–1256 and 1326–1340 Lake Charles Ave
and 1365–1379 Lawson Lane, offered together as a single 28-unit trade.

LIST PRICE: $4,200,000 ($150,000 per unit)

- 28 two-bedroom / 1.5-bath townhomes built 1995–2000, averaging 1,330 SF
- Every unit is the same floor plan — one management and leasing platform
runs all three properties
- 18 detached garage bays across three structures for additional income
- Individually metered — tenants cover electric, gas, water/sewer and trash,
holding expenses to 33.4% of income
- 7.05% in-place cap on $296,038 NOI
- Rents average $1,321 against $1,600 market — roughly 21% upside to an
8.58% pro forma cap

Minutes from I-94, US-20 and the Dune Park South Shore station, surrounded
by the Indiana Dunes. Steady workforce-housing demand with a clear runway
on rents.

Buying it as a portfolio means capturing that upside at scale instead of
one eight-unit building at a time.

PROPERTY TOURS will be held this Friday, September 4th from 2:00pm-4:30pm.

📩 Message us or reach out directly for the full offering memorandum:

Tariq Suboh, Partner / Founder
219.805.5200 · [email protected]

Xever Lemieux, Vice President
219.384.7994 · [email protected]

JUST LISTED | Elkhart, Indiana — $2,900,000Ellsbury Group is pleased to present Sleep Inn & Suites, a 67-room, three-sto...
09/01/2026

JUST LISTED | Elkhart, Indiana — $2,900,000

Ellsbury Group is pleased to present Sleep Inn & Suites, a 67-room, three-story limited-service hotel at 220 Caravan Drive in Elkhart, Indiana, operating under the Choice Hotels Sleep Inn flag.

Occupancy has climbed from 37.75% to 52.59% over the trailing two years — a nearly 15-point improvement — with 2025 RevPAR of $31.71 and total revenue of $785,180, up 19.5% over 2024. Positioned in the RV Capital of the World along the I-80/90 and U.S. 20 corridor, the asset pairs an established national franchise platform with real runway left on occupancy and rate.

Offered at $2,900,000 — approximately $43,284 per key.

Lane Moser | 260.615.9248 | [email protected]
Andy Page | 630.418.3093 | [email protected]
Xever Lemieux | 219.384.7994 | [email protected]

LEASED — Joliet, IllinoisEllsbury Group is pleased to announce the full lease-up of 807 Fourth Avenue, Units A & B in Jo...
08/25/2026

LEASED — Joliet, Illinois

Ellsbury Group is pleased to announce the full lease-up of 807 Fourth Avenue, Units A & B in Joliet, Will County.

Both units under one roof — ±36,350 square feet with 18′ clear span — are now committed on a four-year term, bringing the building to 100% occupancy.

Functional, small-bay industrial product in the Joliet / Will County corridor continues to see steady tenant demand, and full-building commitments like this one are what a well-positioned asset can command.

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

PRESS RELEASEDavid Orton discusses multifamily trends at InterFace Indianapolis 2026INDIANAPOLIS — David Orton, Indianap...
08/24/2026

PRESS RELEASE
David Orton discusses multifamily trends at InterFace Indianapolis 2026

INDIANAPOLIS — David Orton, Indianapolis Market Director at Ellsbury Group, joined the Investment Sales & Brokerage panel at InterFace Indianapolis Multifamily 2026 on August 11 at the Columbia Club, alongside owners, developers and lenders active in the Central Indiana apartment market.

His read on where Indianapolis multifamily goes next comes down to three numbers.

📉 Supply broke, and Indianapolis never got soaked. New multifamily supply delivered to the Indy MSA is on pace to fall roughly 65% year over year in 2025, with construction starts contracting sharply across 2024 and 2025. The supply you compete with in 2027 was already decided — and very little of it got built.

📈 Rent growth has a runway, not a ceiling. Indianapolis has beaten the U.S. average on annual rent growth for 30 consecutive months through early 2026, and rents still sit about 31% below the national average. There is real distance left before affordability becomes the binding constraint on demand.

🥇 Capital is rotating back to the Midwest. Indianapolis outranked every other U.S. metro in Arbor's latest Top Markets for Multifamily Investment report. The metro added more than 26,600 residents in 2024 to reach 2.17 million, and unemployment fell from 4.0% to 3.3% year over year.

The oversupply story that dominated multifamily headlines for two years was never really an Indianapolis story — and the pipeline that would have made it one has now emptied. Cheap basis, a thin pipeline and genuine affordability headroom is a combination that does not stay quiet for long.

If you own multifamily in Central Indiana and haven't had a serious valuation conversation in the last 12 months, you're working off a stale number. David underwrites this market every day, on and off market — (317) 412-1572.

Read the full breakdown → https://ellsburygroup.com/blog/indianapolis-didnt-overbuild-and-thats-about-to-matter

🔸SOLD | 6001-6019 N Nina Avenue — Chicago, ILEllsbury Commercial Group has closed the sale of 6001-6019 N Nina Avenue, a...
08/24/2026

🔸SOLD | 6001-6019 N Nina Avenue — Chicago, IL

Ellsbury Commercial Group has closed the sale of 6001-6019 N Nina Avenue, a six-unit, ±9,750 SF multi-tenant retail strip center in Chicago's Norwood Park neighborhood, for $825,000 — $85 per square foot.

The property offered investors a fully built-out small-bay retail row with strong street presence, an established local tenant mix, and near-term upside through mark-to-market rents as in-place leases roll. Dense residential surroundings, walkable storefronts, and consistent daytime traffic continue to support durable neighborhood retail demand.

Andy Page | Vice President | 630.418.3093 | [email protected]
Xever Lemieux | Vice President | 219.384.7994 | [email protected]

🔶 SOLD | 182 W North Street — Crown Point, INEllsbury Group is pleased to announce the sale of 182 W North Street, a 7-u...
08/21/2026

🔶 SOLD | 182 W North Street — Crown Point, IN

Ellsbury Group is pleased to announce the sale of 182 W North Street, a 7-unit multifamily asset in Crown Point, Indiana. The property closed at $915,000, or $130,714 per unit.

The all-brick, two-story building sits on a hard corner in an established Crown Point neighborhood, walkable to the downtown square — a location that continues to draw steady tenant demand and gives the new ownership a straightforward path to push rents as units turn.

Congratulations to all parties on a smooth close.

Tariq Suboh · Founder · 219.805.5200 · [email protected]
Andy Page · Vice President · 630.418.3093 · [email protected]
Xever Lemieux · Vice President · 219.384.7994 · [email protected]

🔑 RECENTLY SOLD | Midwest MultifamilyEllsbury Group is pleased to announce a run of recent multifamily closings across I...
08/20/2026

🔑 RECENTLY SOLD | Midwest Multifamily

Ellsbury Group is pleased to announce a run of recent multifamily closings across Illinois and Indiana.

📍 Chicago, IL · Portage, IN · Muncie, IN

From vintage Chicago brick to townhome-style product in Northwest Indiana to small-balance assets in Muncie, the through-line is the same: buyers are still competing hard for well-located Midwest multifamily with durable in-place income. 🏘️ Our brokers work these markets deal by deal — and increasingly, off-market.

📲 Thinking about your next acquisition? Reach out to one of our brokers today: www.ellsburygroup.com

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