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  5. ›RFP25R-2: 3034 170th St, 245 Conkey St, 6624 Delaware Ave, 6041 Col…

City of Hammond·Indiana

RFP25R-2: 3034 170th St, 245 Conkey St, 6624 Delaware Ave, 6041 Columbia Ave, 7035 Carolina Ct, 905 Morris St, 936-38 Highland St, 4614 Cameron Ave, & 1133 Moss St

Closes 7/1/2025$20k – $500kRequest for Proposal
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Description

The City of Hammond Redevelopment Commission is offering a series of parcels for private‑sector redevelopment. Interested developers must submit sealed redevelopment proposals (including a 5 % deposit) by the bid deadline. Successful bidders will purchase the land at the stated minimum price, secure title, obtain required permits, and begin construction within 90 days of acquisition. The sale is competitive, with evaluation based on development quality, schedule, financial capacity, and experience. • Minimum parcel prices range from $6,800 to $18,600; deposits equal 5 % of each price. • Proposals must detail residential‑type improvements and include required trust beneficiary information if applicable. • Construction must start within 90 days after closing; buyer must meet all restrictive‑covenant and approval requirements.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Anne Taylor(Inspection Request Contact)

(219) 853-6508

Key dates

Opened
11/15/2025
Closes
7/1/2025

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
RFP25R-2

Budget estimate

$20,000 – $500,000

Since the solicitation is for the purchase of land (minimum prices $6,800‑$18,600) and subsequent residential development, the developer’s earnings will come from the profit margin on the finished projects. Assuming modest development margins (30‑150 % of purchase price) and modest construction costs, a low‑end profit could be around $20,000 (single small parcel) while a high‑end profit for multiple parcels or higher‑value development could reach $500,000. The range reflects variability in parcel count, development scale, and market conditions.

AI estimate from the solicitation

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