Welcome to your next real estate investment! A fully rented two-unit property that's ready to generate steady income while offering potential for value appreciation.This property boasts two fully rented units, one tenant is on month to month and the other tenant has a year lease. While it's already a cash flow generator, a few repairs can elevate its value even further, allowing you to maximize your return on investment. While the garage may need some work, it's a valuable asset. This property has a spacious basement, offering an untapped resource for additional storage or potential expansion.With both units already occupied, you can enjoy immediate rental income from day one. The property's consistent rental history assures a reliable cash flow stream, providing you with peace of mind as you build your real estate portfolio. Schedule your showing today! Property being Sold As Is''.
Closed
$54,900
1061 Van Buren St, Gary, IN 46402
4beds
1,791sqft
Duplex
Built in 1927
-- sqft lot
$100,100 Zestimate®
$31/sqft
$1,328 Estimated rent
Home value
$100,100
$72,000 - $133,000
$1,328/mo
Zestimate® history
Owner options
List your home for rent
$1,328/mo
Rent Zestimate®
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$1,328/mo
Rent Zestimate®
Refinance and save
$277/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$277/mo
Est. payment
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Cash flow generator
Zillow last checked:
Listing updated:
Listed by:
Sharae Wesson,
SLW Realty Group Corporation 219-902-6181
Bought with:
Sharae Wesson, RB14032487
SLW Realty Group Corporation
Source: NIRA as distributed by MLS GRID,MLS#: 539948
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Elevator
- Basement: Full
Interior area
- Total structure area: 1,791
- Total interior livable area: 1,791 sqft
- Finished area above ground: 1,791
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Frontage length: 30
Lot
- Size: 3,615 sqft
- Dimensions: 30 x 121
Details
- Parcel number: 450809206006000004
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1927
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & neighborhood
Location
- Region: Gary
- Subdivision: Gary Land Companys 11
HOA & financial
Other financial information
- Total actual rent: 19200
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Lease Option
Price history
| Date | Event | Price |
|---|---|---|
| 4/12/2024 | Sold | $54,900-21.6%$31/sqft |
Source:  NIRA as distributed by MLS GRID #539948 Report a problem | ||
| 2/13/2024 | Listed for sale | $70,000$39/sqft |
Source: NIRA as distributed by MLS GRID #539948 Report a problem | ||
| 2/2/2024 | Listing removed | -- |
Source: NIRA as distributed by MLS GRID #539948 Report a problem | ||
| 12/22/2023 | Price change | $70,000-6.7%$39/sqft |
Source: NIRA as distributed by MLS GRID #539948 Report a problem | ||
| 10/10/2023 | Listed for sale | $75,000+50%$42/sqft |
Source: NIRA as distributed by MLS GRID #539948 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/1/2019 | Listing removed | $50,000$28/sqft |
Source: Owner Report a problem | ||
| 2/2/2018 | Listed for sale | $50,000+5455.6%$28/sqft |
Source: Owner Report a problem | ||
| 10/8/2015 | Sold | $900-96.3%$1/sqft |
Source: Public Record Report a problem | ||
| 12/29/2006 | Sold | $24,000+287.1%$13/sqft |
Source: NIRA as distributed by MLS GRID #172654 Report a problem | ||
| 3/26/2002 | Sold | $6,200$3/sqft |
Source: NIRA as distributed by MLS GRID #56247 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,307 +2% | $58,100 +11.5% |
| 2024 | $1,281 +19.9% | $52,100 +2.6% |
| 2023 | $1,068 +8.6% | $50,800 +21.8% |
| 2022 | $984 +4.6% | $41,700 +8.6% |
| 2021 | $940 +18.7% | $38,400 +4.6% |
| 2020 | $792 -54.8% | $36,700 -7.3% |
| 2019 | $1,751 +50.9% | $39,600 -20.2% |
| 2018 | $1,160 +3.3% | $49,600 -2.6% |
| 2017 | $1,123 | $50,900 -4.3% |
| 2016 | $1,123 -19.9% | $53,200 -11.2% |
| 2014 | $1,402 +8.3% | $59,900 +4% |
| 2013 | $1,294 -3.8% | $57,600 -0.7% |
| 2012 | $1,346 -23.6% | $58,000 -21.1% |
| 2011 | $1,762 -5.8% | $73,500 -1.9% |
| 2010 | $1,872 | $74,900 +15.9% |
| 2009 | -- | $64,600 +8.8% |
| 2007 | -- | $59,400 +44.2% |
| 2006 | -- | $41,200 |
| 2005 | -- | $41,200 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Beveridge Elementary SchoolGrades: K-5Distance: 0.9 mi
- 3/10Gary Middle SchoolGrades: 6-8Distance: 5.3 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 3.3 mi
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- Indiana
- Lake County
- Gary
- 46402
- Downtown
- 1061 Van Buren St
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