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, Greyhound bus station and Southshore Rail lines, Skyway, and I-94, providing convenient access to transportation and surrounding areas. Showings require 48 hours' notice.
Active
$400,000
1301 Pennsylvania St, Gary, IN 46407
--beds
--baths
--sqft
Apartment
Built in 1927
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 48 days
- 202
- 6
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
$1,035/mo
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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