Property Address: 1984-86 Pennsylvania St, Gary, IN 46407
Asset Type: Multi-Family Residential (3 Units)
Sale Type: Cash / As-Is
Investment Highlights:
* Significant Footprint: A 3,740 sq. ft. structure offering 6 bedrooms and 3 bathrooms. Each unit has 2 bedrooms 1 bath
* Yield Potential: Located in a high-demand rental corridor within Midtown Gary. Similar renovated units in this zip code command $950–$1,100 per month per unit.
* Durable Construction: 1925 brick-and-masonry build with a full basement.
* Scale: Large 6,229 sq. ft. lot with room for off-street parking or tenant amenities.
Financial Snapshot:
* Estimated ARV (After Repair Value): $300,000
* Estimated Monthly Gross Rent: $950-$1,250
* Section 8 Rent: $1,070
* Tax ID: 45-08-10-332-012.000-004
Tax Sale property ( selling via quit claim deed )
For sale by owner
$40,000
1984-86 Pennsylvania St, Gary, IN 46407
6beds
2,720sqft
SingleFamily
Built in 1925
6,229 Square Feet Lot
$-- Zestimate®
$15/sqft
$-- HOA
What's special
Full basementRoom for off-street parking
- 82 days |
- 995 |
- 45 |
Listed by:
Property Owner (561) 388-3187
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other
Features
- Basement: Finished
Interior area
- Total interior livable area: 2,720 sqft
Property
Lot
- Size: 6,229 Square Feet
Details
- Parcel number: 450810353043000004
Construction
Type & style
- Home type: SingleFamily
Materials
- brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1925
Community & HOA
Location
- Region: Gary
Financial & listing details
- Price per square foot: $15/sqft
- Tax assessed value: $20,500
- Annual tax amount: $494
- Date on market: 4/27/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,668/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/27/2026 | Listed for sale | $40,000+3900%$15/sqft |
Source: Owner Report a problem | ||
| 4/14/2026 | Sold | $1,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $494 +3.7% | $20,500 +4.1% |
| 2024 | $477 +31.9% | $19,700 +4.2% |
| 2023 | $361 +6.8% | $18,900 +34% |
| 2022 | $338 0% | $14,100 +6.8% |
| 2021 | $338 +28.1% | $13,200 |
| 2020 | $264 -98.7% | $13,200 |
| 2019 | $20,394 +13.1% | $13,200 -20.5% |
| 2018 | $18,028 +5839.9% | $16,600 -0.6% |
| 2017 | $304 | $16,700 +14.4% |
| 2016 | $304 -85.4% | $14,600 -83.5% |
| 2014 | $2,076 +5.6% | $88,700 +1.4% |
| 2013 | $1,966 -8% | $87,500 -5% |
| 2012 | $2,137 +490.2% | $92,100 +509.9% |
| 2011 | $362 -3.4% | $15,100 +0.7% |
| 2010 | $375 | $15,000 +44.2% |
| 2009 | -- | $10,400 -80.4% |
| 2007 | -- | $53,000 +324% |
| 2006 | -- | $12,500 |
| 2005 | -- | $12,500 |
| 2004 | -- | $12,500 -55% |
| 2003 | -- | $27,800 |
| 2002 | -- | $27,800 +199.9% |
| 2001 | -- | $9,270 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Midtown
Nearby schools
GreatSchools rating
- 3/10Daniel Hale Williams Elementary SchoolGrades: K-5Distance: 0.7 mi
- 3/10Gary Middle SchoolGrades: 6-8Distance: 5 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 4 mi
- $---- bd-- ba-- sqft2056 Pennsylvania St, Gary, IN 46407Off Market
- $4,100-- bd-- ba-- sqft2054 Pennsylvania St, Gary, IN 46407Off Market
- $69,8002 bd1 ba888 sqft2048 Pennsylvania St, Gary, IN 46407Off Market
- $12,5002 bd2 ba704 sqft2044 Pennsylvania St, Gary, IN 46407Sold
- $230,0005 bd2 ba2.1k sqft2057 Pennsylvania St, Gary, IN 46407Sold
- $31,0003 bd1 ba2.4k sqft2057 E Pennsylvania St, Gary, IN 46407Sold
- $49,8008 bd4 ba3.7k sqft2053 Pennsylvania St, Gary, IN 46407Off Market
- $3,600-- bd-- ba-- sqft2049 Pennsylvania St, Gary, IN 46407Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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