6016 W 41st Avenue Gary, IN $ 319,000
6016 W 41st Avenue
$ 319,000
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6016 W 41st Avenue

Gary, IN, 46408
$ 319,000
Baths0.0

Monthly Estimate*

$ 1,990

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Studio

Multi-Family Home for sale in Gary, IN

for $319,000. This home was built in 1967 on a lot size of 0.585.

Discover an exceptional investment opportunity with this well-maintained four-unit property in Calumet Township, ideally located at 6016 W 41st St. Consisting of two spacious 2-bed/1-bath units and two efficient 1-bed/1-bath units, the building offers a balanced and highly rentable unit mix. Sitting on a generous 0.59-acre lot, the property features 2,813 sq ft of living space with an average unit size of 705 sq ft, all on a single level for ease of access and maintenance. Built in 1967 and thoughtfully updated over time, the asset benefits from separately metered utilities, with tenants responsible for gas, electric, and trash--keeping operating costs low for the owner. Water and common-area electric are the only owner-paid utilities, and each unit includes individual furnaces and water heaters. With stable tenancy and strong market demand in this pocket of Lake County, this property offers investors immediate cash flow and long-term upside in a growing rental corridor.

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Multi-Family Active

Price

$ 319,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,700

Style

Quadruplex

Lot Size

0.585

Year Built

1967

Town/City

Gary

County/Region

Lake

MLS | Web ID

831735

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 2813
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General
Sewer Public Sewer
Heating Forced Air Individual Unit Natural Gas
Appliances None
Pets Allowed Call
Year Built 1967
Township Calumet
Levels One
Property Subtype Quadruplex
Tax Year 2024
County Lake
New Construction N
Property Type Residential Income
Subdivision Name N/A
Garage Y/N N
Status Active
Directions Ridge Rd to Colfax. Left onto 41st Ave
City Gary
Lot Size Square Feet 25483
Listing Terms Conventional
Tax Annual Amount 4700
Lease Considered Y/N N
Standard Status Active
Legal Description S.223.5FT. OF E.132FT. OF W.551.2FT.OF S.447FT.OF SW.NW. EX. N.15FT. & EX. S.30F T. S.25 T.36 R.9 .560AC.
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Exterior
Exterior Amenities None
Parking Features Additional Parking Off Street Paved
Lot Features Other
Water Source Public
Lot Size Acres 0.585
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Tariq Suboh

Listing Agent

Ellsbury Commercial Group Llc

Broker

Tariq@EllsburyGroup.com

Email

Affordability Calculator

$2,382
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,990
Monthly Property Taxes
$392
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/10/2025$319,000 Listed Price

Map


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6016 W 41st Avenue, Gary, IN, 46408 is a Multi-Family Home for sale at $319,000 with a lot size of 0.585. 6016 W 41st Avenue is a studio with 0.0 baths and was built in 1967. The property's zip code is 46408 which is in Gary, IN