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  5. ›RFP26R-3: 4401 Dearborn, 5638-40 Claude, 6109 Wallace, and…

City of Hammond·Indiana

RFP26R-3: 4401 Dearborn, 5638-40 Claude, 6109 Wallace, and 6037 Wallace

Closes 5/21/2026$50k – $150kRequest for Proposal
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Description

• Minimum sales prices range from $3,600 to $10,150 per parcel. • Bids due May 21 2026 4:00 p.m.; bid opening 4:30 p.m. the same day. • Buyer must begin construction within 90 days of closing and finish the new home within 18 months. • 5 % deposit required with each bid; title insurance and site‑testing access provided by the city. • Proposals evaluated on development quality, schedule, experience, financial capacity, and overall fit.

Attached files

Contact

Anne Taylor(Point of Contact)

(219) 853-6508

Key dates

Opened
4/29/2026
Closes
5/21/2026
Projected award
5/21/2026
Duration
18 months

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
236115
Solicitation №
RFP26R-3

Budget estimate

$50,000 – $150,000

The buyer will incur the land purchase price (≈ $3,600–$10,150) plus construction costs for a new single‑family home (estimated $150,000–$250,000). Assuming a typical developer profit margin of 20‑30 %, the net earnings could range from roughly $30,000 on the smallest parcel to $120,000 or more on the larger parcel, depending on construction scope, financing, and market conditions. Therefore a realistic budget estimate for the developer lies between $50,000 and $150,000 per project.

AI estimate from the solicitation

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