$400,000

6,435

square ft

1301 Pennsylvania Street

Gary, Indiana 46407

New / MLS #845911 / Multiple Unit (2-4) / Gary

Listing information updated 9/25/2026 at 2:24pm

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.

Full Features

Basement:

Unfinished

Cooling System:

None

Heating System:

Forced Air, Natural Gas

Appliances:

Electric Range, Refrigerator, Gas Range

Pool:

Age:

99 Years

Roof Type:

Asphalt

Water Front:

Square Feet:

6,435

Lot Size:

0.08 Acres

Acreage:

0.08

Taxes & Assessments

Tax Amount:

$4,723

Tax Year:

2025

Location

Zip Code:

46407

City:

Gary

County:

Lake

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Unfinished

Cooling System:

None

Heating System:

Forced Air, Natural Gas

Appliances:

Electric Range, Refrigerator, Gas Range

Pool:

Age:

99 Years

Roof Type:

Asphalt

Water Front:

Square Feet:

6,435

Lot Size:

0.08 Acres

Acreage:

0.08

Tax Amount:

$4,723

Tax Year:

2025

Zip Code:

46407

City:

Gary

County:

Lake

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: McColly Real Estate

Listing Office Phone: 219.934.6300

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/25/2026 at 2:24pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.