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  • Price cut: $2.9K (8/4)
    $195,000

    2228 Washington St, Gary, IN 46407

    4beds
    --sqft
    : 
    $1,357/mo
    Get pre-qualified
    Duplex
    Built in 1908
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Brick duplexSolid brick construction
    Be a part of Gary's Comeback with this Turnkey Cash-Flowing Brick Duplex in the Heart of Gary's Revitalization Don't miss this opportunity to own a fully occupied, income-producing from day one brick duplex in one of Gary's most exciting investment corridors. Whether you're looking to expand your portfolio or purchase your first multifamily property, this investment offers immediate rental income from day one. Both units are currently occupied, with one tenant on a month-to-month lease providing future flexibility, while the second unit is leased through February 2027, offering stable, predictable cash flow. This property has been professionally managed and maintained, and the current property management company is available to continue management for a smooth, turnkey transition if desired. Location is everything, and this property is ideally situated in the heart of Gary's ongoing revitalization. With continued public and private investment throughout the area, you're not just purchasing a duplex, you're investing in a community experiencing meaningful redevelopment and renewed momentum. Enjoy strong rental demand today while positioning yourself to benefit from the area's long-term potential. The total rent right now is 1760 (which we know in today's market is on the low side) so rent both units and cash flow from day one or live in one unit and let the other tenant help you pay your mortgage down. Solid brick construction, immediate income, professional management, and an exceptional location make this a rare opportunity for investors seeking both cash flow and future upside. Schedule your showing today and secure your place in Gary's next chapter before this opportunity is gone.
    69 days
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    309
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    29
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rebecca Olson,

    Listing Leaders Affiliated 219-384-7957

    Source: NIRA as distributed by MLS GRID,MLS#: 840398MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Has Heating (Unspecified Type)
      Appliances
      • Included: Range Hood
      Features
      • Granite Counters, High Ceilings
      • Basement: Walk-Out Access
      • Has fireplace: No
      Interior area
      • Finished area above ground: 1,672

      Property

      Parking
      • Parking features: On Street
      Features
      • Levels: Two
      • Patio & porch: Deck, Porch
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 6,054 Square Feet
      • Features: Back Yard, Rectangular Lot, Front Yard
      Details
      • Parcel number: 450816235028000004
      • Special conditions: Agent Owned

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Condition
      • New construction: No
      • Year built: 1908

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: C T L & L Co Add 06
      Location
      • Region: Gary

      Financial & listing details

      • Tax assessed value: $44,900
      • Annual tax amount: $1,126
      • Date on market: 6/10/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,006/mo

        Price history

        DateEventPrice
        8/4/2026Price change$195,000-1.5%
        Source: NIRA as distributed by MLS GRID #840398 Report a problem
        7/19/2026Price change$197,900-1%
        Source: NIRA as distributed by MLS GRID #840398 Report a problem
        6/10/2026Listed for sale$199,900+387.6%
        Source: NIRA as distributed by MLS GRID #840398 Report a problem
        1/15/2021Sold$41,000
        Source: NIRA as distributed by MLS GRID #484855 Report a problem
        11/15/2020Listed for sale$41,000+5.1%
        Source: Advanced Real Estate, LLC #484855 Report a problem
        7/26/2015Listing removed$39,000
        Source: CENTURY 21 Affiliated #364418 Report a problem
        1/20/2015Listed for sale$39,000+618.1%
        Source: CENTURY 21 Affiliated #364418 Report a problem
        2/10/2005Sold$5,431
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,126 +0.1%$48,900 +8.9%
        2024$1,125 +29.1%$44,900 +0.7%
        2023$871 $44,600 +31.2%
        2022$871 $34,000
        2021$871 +28.1%$34,000
        2020$680 -32.6%$34,000
        2019$1,009 -2.9%$34,000 -20.2%
        2018$1,039 +23.2%$42,600 -1.4%
        2017$843 $43,200 -4.2%
        2016$843 -9.9%$45,100 -32%
        2014$936 +37.9%$66,300 +3.9%
        2013$679 -2.4%$63,800 -0.6%
        2012$695 -0.4%$64,200 +1.4%
        2011$698 -18.6%$63,300 -1.7%
        2010$859 $64,400 +16%
        2009-- $55,500 +8%
        2007-- $51,400 +34.6%
        2006-- $38,200
        2005-- $38,200
        2004-- $38,200 +151.3%
        2003-- $15,200
        2002-- $15,200 +199.8%
        2001-- $5,070
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Midtown

        Getting around

        56 / 100
        Somewhat Walkable

        Nearby schools

        GreatSchools rating

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