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 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. A great opportunity for investors seeking a fully occupied, income-producing multiunit property.
Active
$400,000
1301 Pennsylvania St, Gary, IN 46407
--beds
--baths
--sqft
Apartment
Built in 1927
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 6 hours
- 11
- 0
Zillow last checked:
Listing updated:
Listed by:
Mary Aaron,
McColly Real Estate 219-934-6300
Source: NIRA as distributed by MLS GRID,MLS#: 845911
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Appliances
- Included: Electric Range, Refrigerator
Features
- Eat-in Kitchen
- Basement: Unfinished
- Has fireplace: No
Interior area
- Finished area above ground: 6,435
Property
Features
- Levels: Two
- Exterior features: Lighting
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 3,484 Square Feet
- Features: Corner Lot
Details
- Parcel number: 450810158001000004
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Condition
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
- Subdivision: Gary Land Companys 10
HOA
- Has HOA: No
Location
- Region: Gary
Financial & listing details
- Annual tax amount: $4,723
- Date on market: 9/25/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,FHA,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Listed for sale | $400,000 |
Source:  NIRA as distributed by MLS GRID #845911 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Midtown
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