46323 Homes under $400,000

46323 Homes under $400,000

Welcome to Hammond, Indiana, a vibrant city nestled in Lake County, where the charm of suburban living meets the convenience of urban amenities. The zip code 46323 is a hidden gem that offers a diverse range of homes, making it an ideal destination for families, young professionals, and retirees alike.

In this thriving community, you’ll find an impressive selection of homes priced under $400,000, providing excellent opportunities for first-time buyers or those looking to downsize without compromising on comfort. From cozy bungalows to spacious single-family homes, the properties in this area boast unique architectural styles and modern finishes that cater to various tastes and lifestyles.

Hammond is not just about affordable housing; it’s also rich in culture and recreational activities. Residents enjoy easy access to beautiful parks, local shops, and a variety of dining options that reflect the city’s diverse heritage. The nearby Wolf Lake offers a tranquil escape for nature lovers and outdoor enthusiasts, while the vibrant downtown area is perfect for those who appreciate a lively atmosphere.

With its prime location just a short drive from Chicago, Hammond combines the best of both worlds—affordable living with the excitement of a big city nearby. Whether you’re looking to invest in your first home or seeking a peaceful retreat, the 46323 zip code is a wonderful place to call home. Explore your options today and discover the countless reasons to fall in love with Hammond!

Newest 46323 Homes under $400,000

3311 175th Place, Hammond
$239,900
4 Beds ⋅ 1 Baths
LIKE-NEW 4 BEDROOM HOME IN HAMMOND! This extensively renovated 4-bedroom home is ready for its next owner. The interior has been completely refreshed with a new kitchen featuring granite countertops, an undermount sink, new cabinetry, and a dedicated coffee bar. The bathroom has been updated with new tile and vanity, along with new flooring, interior doors, closet doors, and new drywall throughout much of the home. The major improvements continue throughout the property with a new furnace, A/C, 50-gallon water heater, vinyl windows, electrical panel, and fiberglass front entry door. The exterior has also been refreshed with new siding on two sides, along with new soffit and gutters on the right side. With major mechanical systems, interior finishes, and exterior improvements already addressed, this home offers a move-in-ready opportunity!

3311 175th Place, Hammond
2947 165th Street, Hammond
$154,900
3 Beds ⋅ 2 Baths
Bring your vision to this Hammond home, which is mid-renovation and ready for your customization. It was formerly a 4-bedroom, so you can add that room back or keep the open main level as extra living space. There are bathroom locations on both floors, with permitted rough plumbing already completed and inspected by the city, so you can design the finished bathrooms your way. The big-ticket items are done: a new roof, and a new furnace with added ductwork for comfort on the second floor. Choose your own finishes and renovate it to suit. It's a rare chance to customize a home from the ground up and build in equity. Renovation loan buyers are welcome. Ask about financing options, such as FHA 203(k) or Fannie Mae HomeStyle, that can roll the purchase and the remaining work into one loan.

2947 165th Street, Hammond
3113 E Pkwy N, Hammond
$189,900
3 Beds ⋅ 2 Baths
Be the new owner of what was almost an iconic home. Yes, that's right, almost iconic. This property was originally scouted to be the house in the movie The Christmas Story...Pretty Cool. This home has nothing but charm and warmth. From the moment you walk in, you will feel right at home. The main level features a cozy living room, dining room, kitchen and 2 bedrooms. Take a trip upstairs to find an additional, large bedroom. The full unfinished basement allows for plenty of options. Step outside to the well manicured fenced in backyard and a 2-1/2 car garage with alley access. What agreat story to tell all of your friends after you move in. Schedule your showing today.

3113 E Pkwy N, Hammond
6618 Rhode Island Avenue, Hammond
$187,000
3 Beds ⋅ 1 Baths
6618 Rhode Island Ave is a single-story Hammond home built in 1958 with 834 square feet, three bedrooms and one bathroom. The eat-in kitchen features white cabinetry, stone counters, a brick-style backsplash and stainless steel cooking appliances. Wood-look flooring connects the kitchen and main living area, which has a wide front window. The three carpeted bedrooms include closet storage, and the hall bathroom combines a tub and shower with an adjoining laundry space. A wood deck provides access at the front, while a rear patio opens to the yard. A detached garage adds storage and parking on the 6,250-square-foot lot.

6618 Rhode Island Avenue, Hammond
6510 Tennessee Avenue, Hammond
$174,900
3 Beds ⋅ 1 Baths
Welcome home to 6510 Tennessee Avenue. This move-in ready 3 bedroom, 1 bath home is ready for its next owner on day one, with no projects waiting on you. Built on a slab foundation, there is no basement to maintain or waterproof. Enjoy Hammond living with quick access to major highways and an easy drive into Chicago. Schedule your private showing today.

6510 Tennessee Avenue, Hammond
7406 Olcott Avenue, Hammond
$375,000
4 Beds ⋅ 2 Baths
Solid Brick, Double Lot, and Move-In Ready! Built to last and updated inside and out, this all-brick 4-bedroom, 2-full-bath home offers 1,841 sq. ft. of living space on a double lot, with a detached all-brick garage and a full walk-out basement. Located in one of Hammond's most desirable neighborhoods and walking distance to Purdue University Northwest. The remodeled kitchen has quartz countertops, both bathrooms have been updated, and the hardwood floors have been refinished. New luxury vinyl flooring and fresh paint run throughout. The big-ticket items are handled too: a newer roof (2021), furnace and central air (2020), a new water heater, a new sump pump, and a new garage roof and gutters (2025). New Energy-efficient vinyl double-hung windows with an easy-clean tilt feature and new doors finish things off. The floor plan is flexible. The fourth bedroom sits right next to the Upper bedroom, so it works well as a home office, nursery, walk-in closet, or guest room. Downstairs, the large walk-out basement is ready for whatever you have in mind: extra bedrooms, a rec room, a home gym, an entertainment space, or a workshop. Outside, the extra side lot gives you room to spread out. You could add a pool, a pavilion for entertaining, a garden, or a future addition or outbuilding. Solid construction, updates you can see, and space to grow. Nearby parks, shopping, restaurants and major Expressway routes. Updates are done. Schedule your showing today!

7406 Olcott Avenue, Hammond
6620 Missouri Avenue, Hammond
$185,000
3 Beds ⋅ 1 Baths
Recently remodeled 3-bedroom, 1-bath home offering 1,190 sq. ft. of updated living space. This move-in ready property features modern finishes throughout, a functional layout, and spacious bedrooms. Conveniently located in Hammond near shopping, dining, schools, and major commuter routes. Great opportunity for an owner-occupant or investor alike.

6620 Missouri Avenue, Hammond
2932 Gibson Place, Hammond
$173,500
3 Beds ⋅ 1 Baths
Welcome to this charming 3-bedroom, 1-bath home in Hammond! This property offers a comfortable layout with three bedrooms, a full bath, all appliances, and an unfinished basement providing excellent potential for additional storage, a workshop, or future finishing. Fenced in backyard and 2.5 car garage. A great opportunity for homeowners or investors looking to add their personal touch and build equity. Schedule your showing today!

2932 Gibson Place, Hammond
3315 Orchard Drive, Hammond
$134,900
2 Beds ⋅ 1 Baths
This charming 2-bedroom, 1-bath home sits on an impressive half-acre lot, offering plenty of outdoor space and possibilities. Whether you are a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this property offers great potential. Property is being sold AS-IS. Conveniently located in Hammond, just 5 minutes from Purdue University Northwest, with easy access to shopping, dining, schools, major roads, and nearby amenities. The spacious lot provides plenty of room to enjoy outdoor activities, gardening, entertaining, or simply relaxing in your own backyard. Schedule your showing today and come see all the possibilities this property has to offer!

3315 Orchard Drive, Hammond
7126 Montana Avenue, Hammond
$244,900
3 Beds ⋅ 1 Baths
Step inside to a bright, open living room with new carpet and windows that fill the space with natural light. The primary bedroom offers a spacious walk-in closet for extra storage. The eat-in kitchen features rich wood cabinetry, a peninsula breakfast bar with seating, a side-by-side refrigerator with water/ice dispenser, and a gas range -- plenty of room to cook and gather. The full bath is finished with a pedestal sink and tub/shower combo, and a 2-year-old A/C keeps the whole home comfortable year-round. Downstairs, a full unfinished basement is a blank canvas -- home gym, media room, extra living space, whatever you need. The attached 2.5-car garage is fully drywalled and finished, giving you clean, usable space beyond parking. Outside, unwind on the large deck overlooking an amazing, fully fenced backyard, or relax on the concrete front porch. Close to Hammond schools with easy access to I-80/94 for commuters.

7126 Montana Avenue, Hammond
6623 Nebraska Avenue, Hammond
$199,900
3 Beds ⋅ 1 Baths
All brick Ranch Style Home with 3 bedroom and 1 full bath . Property needs a little TLC, but has an updated kitchen with Granite Counter Tops, extended dining room, and pantry. The full bath was updated about five years ago. The living room is very large with lots of windows. This home has a full, unfinished basement, that could add another 1221 sqft. of living space. The back yard is fenced and has a fire pit. Close to schools and shopping.

6623 Nebraska Avenue, Hammond
7132 Alexander Avenue, Hammond
$210,000
3 Beds ⋅ 1 Baths
NEW FURNACE AND AIR CONDITIONING 2026!! Well Kept Ranch with Full Basement - Solid Bones & Endless Potential! The living/dining area in this home is huge! There are three comfortably sized bedrooms on the main floor. You'll enjoy your morning coffee or evening cocktails on the enclosed front porch. Originally owned by a concrete contractor, this property offers an especially generous amount of parking. The side drive provides convenient access from the street, while the 2.5 car garage offers alley access and additional parking in the rear. The concrete drive doubles as a large patio for grilling, entertaining and relaxing. The full basement is partially finished for extra living space and provides an office or possible 4th bedroom (There is a large glass block window that would need to be converted to an egrees window). For added peace of mind, there is a new roof on the house & garage, and new siding, June, 2026! This is a solid home on a quiet street. Imagine the possibilities!

7132 Alexander Avenue, Hammond
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