3homes on 9.84acres.

Check zoning with town of Merrillville but what I see is C2 in front, so Stripmall or retail in front. Lot goes a quarter mile back so over 1300' feet back. Rear is zoned R5 good for multi-unit not much of a stretch from a PUD which would allow retirement villiage, 200+/- unit apartment complex or condo development. Don't want to develop? well then, resurvey the property, sell 2 of the 3 homes and get your money back then do a market repackage of the rest with a conceptual drawing showing a good sze condo development for a quick return on the investment One block away to the north is Brookstone Estates'' phase 1 was built around the year 2000 and is about the same size as this property was originally zoned R5.

Brookstone Phase 1 consist of 120 units valued around $165k a piece currently. Now, Brookstone phase 2 is underway and has brand new units starting at $369k per unit. Can you imagine 120+ condo's at $369k a piece? There is money to be made

Request Information
on 7701-7707 Taft
in Merrillville, IN
Presented by Eric Pace at
Berkshire Hathaway HomeServices Executive Realty.


Property MLS #803637 from NIRA

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+ Bedrooms

Bedrooms: 7

+ Other Rooms

Total Rooms: 18
Basement Features: Crawl Space, Partial, Full

+ Bathrooms

Total Bathrooms: 0
Full Bathrooms: 3
3/4 Bathrooms: 1

+ Interior Features

Elevator

+ Appliances

Oven
Washer
Range
Laundry Features: In Unit

+ Heating and Cooling

Heating Features: Forced Air

+ Exterior and Lot Features

Deck
Patio
Patio And Porch Features: Deck, Patio

+ Land Info

Additional Parcels: Yes
Lot Size Acres: 9.84
Lot Size Dimensions: 242 x 1329.5
Lot Size Square Feet: 428630

+ Homeowners Association

Association Fee Frequency: Annual

+ School Information

High School: Merrillville High School
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Homer Iddings Elementary School is a public elementary school located approximately 1.2 miles away.
Map directions

Pierce Middle School is a public middle school located approximately 1.8 miles away.
Map directions

Merrillville High School is a public high school located approximately 2.1 miles away.
Map directions

Faith Academy is a private elementary, middle and high school located approximately 1 miles away.
Map directions

+ Other Property Info

Annual Tax Amount: 10990
Source Listing Status: Active
County: Lake
Directions: I-65 to US30 exit West to Taft N 3 blocks to 7707, 7705, 7703, 7701 Taft on right or East side of the Street
Tax Year: 2023
Source Property Type: Residential Income
Property Subtype: condo
Owner Pays: Taxes
Township: Center
Property Subtype: Apartment
Source System Name: C2C
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Listed 2024-05-14
$450,000
NIRA

+ Building and Construction

Year Built: 1970
Above Grade Finished Area: 3400
Levels: One
Property Age: 54

+ Utilities

Cable Available
Sewer Available
Natural Gas Available
Electricity Available
Water Source: Public