2059 Williams Street Gary, IN $ 610,000
2059 Williams Street
$ 610,000
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2059 Williams Street

Gary, IN, 46404
$ 610,000
Bedrooms20 Baths6.0

Monthly Estimate*

$ 3,756

2059 Williams Street, Gary, IN 46404 - Image 1
2059 Williams Street, Gary, IN 46404 - Image 2
2059 Williams Street, Gary, IN 46404 - Image 3
2059 Williams Street, Gary, IN 46404 - Image 4
2059 Williams Street, Gary, IN 46404 - Image 5

Multi-Family Home for sale in Gary, IN

for $610,000 with 20 bedrooms and 6 full baths. This home was built in 1955 on a lot size of 0.115.

Exceptional investment opportunity! This single-family home portfolio includes six well-maintained residences with strong long-term upside potential. All properties have been consistently cared for, featuring new roofs, newer furnaces, and various interior and mechanical updates, minimizing immediate capital expenses. Current rents are significantly below market value, offering a prime opportunity for investors to increase cash flow through strategic rent adjustments. Ideal for both seasoned investors looking to expand their portfolio and those seeking a stable, value-add opportunity with built-in equity growth. Turnkey condition with major improvements already completed--add value, increase income, and maximize returns from day one..

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Multi-Family Active

Price

$ 610,000

Bedrooms

20

Full Bath

6

Property Type

Multi-Family

Taxes

$ 958

Style

Apartment

Lot Size

0.115

Year Built

1955

Town/City

Gary

County/Region

Lake

MLS | Web ID

834741

Features
Interior
Interior Amenities Eat-in Kitchen Laminate Counters
Fireplace Y/N N
Above Grade Finished Area 5806
Total Bedrooms 20
Total Baths 6
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General
Sewer Public Sewer
Heating Forced Air
Utilities Cable Connected Water Connected Sewer Connected Electricity Connected
Appliances None
Pets Allowed Yes
Year Built 1955
View Neighborhood
Township Calumet
Levels One
Property Subtype Apartment
Tax Year 2024
County Lake
Net Operating Income 52720
Insurance Expense 4800
New Construction N
Property Type Residential Income
Subdivision Name Tarrytown First Sub
Garage Y/N N
Rent Includes None
Full Baths 6
Status Active
Directions Clark Road to West 21st Ave to Williams
City Gary
Lot Size Square Feet 5009
Listing Terms Cash Conventional
Tax Annual Amount 958
Electric Expense 0
Trash Expense 0
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 38200
Total Actual Rent 0
Legal Description TARRYTOWN FIRST SUBDIVISION ALL L.40 BL.6
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Exterior
Lot Features Back Yard
Water Source Public
Lot Size Acres 0.115
Lot Size Source Appraiser
Waterfront Y/N N
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* Excluded Features
List By
Javina Bell-Lyles

Listing Agent

Coldwell Banker Realty

Broker

javina.lyles@cbrealty.com

Email

Affordability Calculator

$3,836
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,756
Monthly Property Taxes
$80
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/2/2026$610,000 Listed Price

Map


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2059 Williams Street, Gary, IN, 46404 is a Multi-Family Home for sale at $610,000 with a lot size of 0.115. 2059 Williams Street has 20 bedrooms, 6.0 baths, and was built in 1955. The property's zip code is 46404 which is in Gary, IN