Active

816 Pennsylvania Street

Gary IN, 46402

$550,000


$76.17 per sqft

Active

7,221 sqft

Commercial

Built in 1922

DYNAMIC INVESTMENT OPPORTUNITY IN GARY, INDIANA!!! Discover this income-generating 8-unit apartment building, strategically located in Gary, Indiana. Perfectly designed for the savvy investor, this property features a desirable mix of one, two, and a spacious three-bedroom unit, offering diverse rental options to maximize your returns. While modern conveniences abound, some of the building's historical charm still remains with original built-ins and woodwork, adding unique character to the residence. Situated for convenience, your future tenants will appreciate quick access to major highways, including IN-53/Broadway, 80/94, and I-65, making commutes a breeze. The building also comes equipped with a common area laundry setup, with a third-party company managing coin-operated units--adding an additional revenue stream effortlessly. With Gary's promising growth potential and ongoing revitalization, act now to secure this exciting opportunity to expand your investment portfolio.You don't miss out on this exhilarating investment chance that promises to deliver consistent returns and growth. Let's make your investment dreams a reality! Schedule your showing today!

812952

MLS ID

November 14, 2024

Listed

December 4, 2024

Updated

Map

816 Pennsylvania Street
Gary IN, 46402

Interior Features

Interior Features

Built-in Features, Laminate Counters, Entrance Foyer


Appliances

Range, Refrigerator


Laundry Description

Common Area, See Remarks, Lower Level, Laundry Room


Floor Description

Carpet, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Separate Meters, Window Unit(s)


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.09 Acres


Exterior Features

Rain Gutters


Lot Features

City Lot, Rectangular Lot, Level


Roof

Flat, Shingle


Sewer

Public Sewer

School Information

School District

Gary

Other Property Details

Taxes

$2,698


Tax Frequency

Annually


Days on Market

20


Garage

No


Parking

On Street


View

Yes


View Description

Neighborhood


County

Lake


Municipality

Calumet


Water Source

Public


Pool

No

Listing History

Date

Event

Price

12/4/2024

Price change

$550,000

-5%

Courtesy of Blackrock Real Estate Services, Kathryn Leslie,
Listing Contact:  

The data relating to real estate for sale on this web site comes in part from the Northwest Indiana REALTOR Association. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Larita Thomas shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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