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  5. ›RFP25R-5: Clark Fields: 2204 Davis Ave, 2210 Davis Ave, &…

City of Hammond·Indiana

RFP25R-5: Clark Fields: 2204 Davis Ave, 2210 Davis Ave, & 2216 Davis Ave

Closes 10/7/2025$200k – $500kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is selling three adjacent parcels on Davis Avenue for private residential redevelopment. Interested developers must submit sealed redevelopment proposals that include detailed architectural plans, a 5 % cash deposit, and must commit to constructing a single‑family home on each lot within 90 days of acquisition and completing all construction within 18 months. The award will be made to the “highest‑and‑best” bidder based on cost, quality, schedule, experience, and financial capacity. • Minimum purchase price total: $74,500 (lots 22‑24). • Required deposit: $3,725 (5 % of total) submitted with the proposal. • Submission deadline: Oct 7 2025, 4 p.m.; opening at 4:30 p.m. the same day. • Development timeline: start construction within 90 days; complete within 18 months; all city approvals must be secured before closing.

Attached files

Contact

Anne Taylor(Site Access Contact)

(219) 853-6508

Key dates

Opened
11/15/2025
Closes
10/7/2025
Duration
18 months

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236115
Solicitation №
RFP25R-5

Budget estimate

$200,000 – $500,000

The solicitation does not specify a contractor payment amount because the buyer purchases the land and then funds construction themselves. Assuming a qualified developer hires a general contractor to build three single‑family homes, typical construction costs in Indiana range from $120 k to $200 k per home. A contractor’s profit margin might be 10‑20 % of construction cost, yielding an estimated earnings range of roughly $200 k to $500 k for the full three‑home project. This estimate accounts for material costs, labor rates, and the 18‑month schedule.

AI estimate from the solicitation

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