1301 Pennsylvania Street Gary, IN ^$ 400,000

1301 Pennsylvania Street

^$ 400,000

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Recently Listed

1301 Pennsylvania Street

Gary, IN, 46407

^$ 400,000

Bedrooms-- Baths0.0

Monthly Estimate*

^$ 2,526

1301 Pennsylvania Street, Gary, IN 46407 - Image 1

Multi-Family Home for sale in Gary, IN

for $400,000. This home was built in 1927 on a lot size of 0.08.

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, Greyhound bus station and Southshore Rail lines, Skyway, and I-94, providing convenient access to transportation and surrounding areas. Showings require 48 hours' notice.

Multi-Family Active

Price

^$ 400,000

Property Type

Multi-Family

Taxes

^$ 4,723

Style

Apartment

Lot Size

0.08

Year Built

1927

Town/City

Gary

County/Region

Lake

MLS | Web ID

845911

Features

Interior

Interior Amenities Eat-in Kitchen

Fireplace Y/N N

Above Grade Finished Area 6435

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Appliances Electric Range Refrigerator Gas Range

Pool Features None

Security Features Carbon Monoxide Detector(s) Security Lights Smoke Detector(s)

Pets Allowed Call

Year Built 1927

View Neighborhood

Township Calumet

Levels Two

Property Subtype Apartment

Tax Year 2025

County Lake

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Gary Land Companys 10

Garage Y/N N

Status Active

Directions Take Broadway south to 13th Ave turn right onto 13th to Pennsylvania

City Gary

Lot Size Square Feet 3484

Listing Terms Cash FHA Conventional

Tax Annual Amount 4723

Lease Considered Y/N N

Standard Status Active

Legal Description GARY LAND CO'S. 10TH SUB. ALL L.1 BL.10

Exterior

Exterior Amenities Lighting

Lot Features Corner Lot

Water Source Public

Lot Size Acres 0.08

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Mary Aaron

Listing Agent

Mccolly Real Estate

Broker

maaron@mccolly.com

Affordability Calculator

$2,919

Per Month

Monthly Principal & Interest: $2,526
Monthly Property Taxes: $394
Monthly Home Insurance: --

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Down Payment

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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 ^$182,417

Percent of Sale Price 54%

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
9/25/2026	$400,000		Listed Price

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1301 Pennsylvania Street, Gary, IN, 46407 is a Multi-Family Home for sale at $400,000 with a lot size of 0.08. 1301 Pennsylvania Street has 0.0 baths and was built in 1927. The property's zip code is 46407 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 9/30/2026.

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1301 Pennsylvania Street

Multi-Family Home for sale in Gary, IN

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