7920 North Drive , Highland, IN 46322

Sold: $356,000
Sold on: Aug 27th, 2026
Sold: $356,000
Sold on: Aug 27th, 2026
MLS#842290
STATUSClosed PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHomestead Gardens Master Add


Property Description

Excellent investment opportunity in the heart of Highland! This fully leased duplex features one 3-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit, offering approximately 2,202 total square feet. Built in 1967, the property generates 3,135 per month (37,620 annually) with leases in place through 2026 and 2027, providing immediate, stable cash flow. Market rents offer additional upside potential. Owner pays gas, water, sewer, and trash; tenants pay electric, lawn care, and snow removal. Conveniently located near major highways, shopping, dining, and the Illinois state line, making it an attractive rental location.

Property Features

Days on Market: 44
Fuel Type: Baseboard
Lot Size: 0.18 Acres
Taxes: $6,254
Year Built: 1967

Appliances

Gas Range
Refrigerator
Microwave

Feature Descriptions

Lot: Back Yard

Listed By / Sold By

Listed By

Agency Name: Ellsbury Commercial Group LLC
Agency Phone: (219) 200-5133

Shown By

Agent Name: Jared McCormick
Agent Phone: (317) 340-4636
Agency Title: Key Realty

Sold By

Agency Name: Coldwell Banker Realty
Agency Phone: (219) 865-9911
Agent Name: Kimberly Augustin

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