564 Carolina Street Gary, IN ^$ 224,900

564 Carolina Street

^$ 224,900

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Recently Listed

564 Carolina Street

Gary, IN, 46402

^$ 224,900

Bedrooms5 Baths3.0

Monthly Estimate*

^$ 1,420

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Multi-Family Home for sale in Gary, IN

for $224,900 with 5 bedrooms and 3 full baths. This home was built in 1924 on a lot size of 0.103.

Great cash-flowing multi-unit investment opportunity in Gary! This recently renovated triplex features three updated units and is professionally managed, making it a strong addition to any rental portfolio. Two units are currently tenant-occupied, providing immediate rental income, while the remaining unit is actively being marketed for rent to maximize income potential. The property also offers a large yard, adding extra outdoor space for residents. Professional management is already in place; this triplex is ready for its next owner.

Multi-Family Active

Price

^$ 224,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,347

Style

Triplex

Lot Size

0.103

Year Built

1924

Town/City

Gary

County/Region

Lake

MLS | Web ID

841473

Features

Interior

Interior Amenities Other

Fireplace Y/N N

Above Grade Finished Area 2034

Total Bedrooms 5

Total Baths 3

General

Sewer Public Sewer

Heating Central

Appliances Other

Pets Allowed No

Year Built 1924

View Other

Township Calumet

Levels Two

Property Subtype Triplex

Tax Year 2024

County Lake

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Gary Land Companys 01

Garage Y/N N

Rent Includes None

Full Baths 3

Status Active

Directions Head East on Ridge Road left onto Broadway. Continue on Broadway right onto Seventh Ave Left onto Carolina St. Property on your left.

City Gary

Lot Size Square Feet 4487

Listing Terms Cash Conventional

Tax Annual Amount 1347

Lease Considered Y/N N

Standard Status Active

Tax Assessed Value 53700

Legal Description GARY LAND CO'S 1ST SUB. ALL L.24 BL.90

Exterior

Parking Features On Street

Lot Features Rectangular Lot

Water Source Public

Lot Size Acres 0.103

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Kiyah Marshall

Listing Agent

Property Boss

Broker

kiyah@propertybossllc.com

Affordability Calculator

$1,532

Per Month

Monthly Principal & Interest: $1,420
Monthly Property Taxes: $112
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Gary, IN

Average List Price ^$188,105

Percent of Sale Price 16%

About Gary, IN

71,243 Population

-31% Since 2002

^$29,286 Median Income

37.13 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/30/2026	$224,900		Listed Price

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564 Carolina Street, Gary, IN, 46402 is a Multi-Family Home for sale at $224,900 with a lot size of 0.103. 564 Carolina Street has 5 bedrooms, 3.0 baths, and was built in 1924. The property's zip code is 46402 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/4/2026.

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564 Carolina Street

Multi-Family Home for sale in Gary, IN

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