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  4. ›Real Estate Development
  5. ›RFP26R-5: 6244 Hohman Ave, 6248 Hohman Ave, 6252 Hohman…

City of Hammond·Indiana

RFP26R-5: 6244 Hohman Ave, 6248 Hohman Ave, 6252 Hohman Ave, 935 Conkey St, and 7038 Carolina Ct

Closes 2/3/2026$100k – $1MRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is offering five vacant parcels for private redevelopment. Interested developers must submit sealed redevelopment proposals that include a purchase offer, a detailed development plan, financial proof, and a 5 % earnest‑money deposit. Proposals are due by February 3 2026, with opening at 4:30 p.m. The city will award the parcels to the highest‑and‑best bidder, requiring purchase‑agreement closing within 90 days and construction start within another 90 days. Key points: • Five parcels (three on Hohman Ave, one on Conkey St, one on Carolina Ct) with minimum sales prices ranging from $10,500 to $13,150. • Earnest‑money of 5 % of the minimum price (≈ $525‑$658) must accompany each proposal. • Applicants must provide detailed redevelopment plans, financing evidence, and obtain all required permits. • All proposals are to be delivered to the HRC Planning and Development Offices at 5925 Calumet Avenue, Hammond, IN 46320.

Attached files

Contact

Anne Taylor(Contact person for parcel inspection)

(219) 853-6508

Key dates

Opened
7/1/2026
Closes
2/3/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
RFP26R-5

Budget estimate

$100,000 – $1,000,000

No direct payment amount is stated; the city’s revenue will be the purchase price (minimum total $60,850) and the buyer’s profit will stem from the eventual sale or leasing of the redeveloped units. Assuming a typical redevelopment margin of 15‑30 % on a construction budget of $1‑2 million per parcel, the developer’s earnings could range from roughly $100 k on the low end (small‑scale renovation) to $1 million or more on the high end (full‑scale residential construction).

AI estimate from the solicitation

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