1301 Pennsylvania Street, Gary, IN 46407

Gary
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: mary aaron
Office: mccolly real estate219-934-6300
MLS#:845911
Source:Northwest Indiana AOR as distributed by MLS GRID
1301 Pennsylvania Street,Gary, IN 46407
$400,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$400,000

About this home

Great Investment Opportunity. This beautiful SIX- UNIT property presents a compelling opportunity to acquire a stabilized, income-producing asset. The property features six functional units designed for long-term tenancy: 3 one-bedroom units, 2 two-bedroom units, 1 three-bedroom unit, 5 of 6 units are currently occupied, providing an immediate income stream for investors. The property is conveniently located near numerous amenities, including casinos (East Chicago , Gary) and Garys' RailCats Stadium and It is also close to the Greyhound bus station and Southshore Rail lines , Skyway, and I-94, providing convenient access to transportation and surrounding areas. Showings require 48 hours' notice. A great opportunity for investors seeking a fully occupied, income-producing multiunit property.

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Home facts

  • Year built:1927
  • Subdivision & Development:Gary Land Companys 10
  • Listing ID #:845911
  • Added:1 day(s) ago
  • Updated:September 26, 2026 at 12:27 AM

Rooms and interior

  • Kitchen Description:Electric Range, Gas Range, Refrigerator
  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1927
  • Lot area:0.08 Acres
  • Lot Features:Corner Lot
  • Exterior Features:Lighting

Utilities

  • Water:Public

Finances and disclosures

  • Price:$400,000
  • Tax amount:$4,723 (2025)
Based on information submitted to the MLS GRID as of September 26, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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