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1301 Pennsylvania Street Gary, IN $ 400,000
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1301 Pennsylvania Street
$ 400,000
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1301 Pennsylvania Street

Gary, IN, 46407
$ 400,000
Bedrooms6 Baths0.0 Sq 5,798

Monthly Estimate*

$ 2,763

1301 Pennsylvania Street, Gary, IN 46407 - Image 1

Multi-Family Home for sale in Gary, IN

for $400,000 with 6 bedrooms. This 5,798 square foot home was built in 1927 on a lot size of 0.08.

NEW ROOF BEING INSTALLED!!!!!!! Great Investment Opportunity. This 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) and Garys' RailCats Stadium and It is also close to the Greyhound bus station and Southshore Rail lines, Skyway, and I-94, providing convenient access to transportation and surrounding areas. Showings require 48 hours' notice. Property being sold As Is.

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Multi-Family Active

Price

$ 400,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 4,723

Style

Lot Size

0.08

Year Built

1927

Town/City

Gary

County/Region

Lake

MLS | Web ID

12769576
Features
General
Possession Negotiable
Zoning COMMR
Year Built 1927
Stories Count 2
Township Calumet
Tax Year 2025
Gross Income 0
County Lake
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions Broadway south to 13th Ave turn right onto 13th to Pennsylvania St south to property
City Gary
Number Of Units Total 6
MLS Area Indiana - Gary
Tax Annual Amount 4723
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 5798
Lot Dimensions 0
Lot Size Acres 0.08
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* Excluded Features
List By
Mccolly Real Estate

Broker

maaron@mccolly.com

Email

Affordability Calculator

$3,156
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,763
Monthly Property Taxes
$394
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 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 Multi-Family Home for sale at $400,000 with 5,798 sqft and a lot size of 0.08. 1301 Pennsylvania Street has 6 bedrooms, 0.0 baths, and was built in 1927. The property's zip code is 46407 which is in Gary, IN

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