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1301 Pennsylvania Street Gary, IN $ 400,000
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$ 400,000 Get more info
1301 Pennsylvania Street
$ 400,000
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1301 Pennsylvania Street

Gary, IN, 46407
$ 400,000
Bedrooms-- Baths-- Sq 6,435

Monthly Estimate*

$ 2,526

1301 Pennsylvania Street, Gary, IN 46407 - Image 1

Commercial Property for sale in Gary, IN

for $400,000. This 6,435 square foot building 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, 4 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) , 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. A great opportunity for 1st time investor. Property being Sold AS-IS

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Commercial Active

Price

$ 400,000

Property Type

Commercial

Taxes

$ 4,723

Style

Multi Family

Lot Size

0.08

Year Built

1927

Town/City

Gary

County/Region

Lake

MLS | Web ID

845915
Features
Interior
Interior Amenities Eat-in Kitchen
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Electric Range Refrigerator Gas Range
Security Features Carbon Monoxide Detector(s) Security Lights Smoke Detector(s)
Year Built 1927
Electric Other
View Neighborhood
Township Calumet
Property Subtype Multi Family
Tax Year 2025
County Lake
Property Type Commercial Sale
Subdivision Name Gary Land Companys 10
Building Features Other
Status Active
Directions Broadway south to 13th Ave turn right onto 13th to Pennsylvania St
City Gary
Lot Size Square Feet 3484
Listing Terms Cash FHA Conventional
Tax Annual Amount 4723
Standard Status Active
Legal Description GARY LAND CO'S. 10TH SUB. ALL L.1 BL.10
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Exterior
Exterior Amenities Lighting
Parking Features On Street
Lot Features Corner Lot
Water Source Public
Total Parking 0
Lot Size Acres 0.08
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Mary Aaron

Listing Agent

Mccolly Real Estate

Broker

maaron@mccolly.com

Email

Affordability Calculator

$2,919
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,526
Monthly Property Taxes
$394
Monthly 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
1261196 Elementary School
1261197 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/25/2026$400,000 Listed Price

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1301 Pennsylvania Street, Gary, IN, 46407 is a Commercial Property for sale at $400,000 with 6,435 sqft and a lot size of 0.08. 1301 Pennsylvania Street was built in 1927. The property's zip code is 46407 which is in Gary, IN

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