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    640 Polk St Gary, IN 46402

    New
    For Sale
    $69,900

    Triplex - Gary, IN

    Type:Triplex
    Lot size:
    0.09 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 640 Polk St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    APN
    450804336026000004
    Parking features
    On Street
    Pets allowed
    Call
    Basement Y/N
    1
    Lot size
    0.09 Acres

    Building Details

    Year built
    1919
    Floors in Building
    2
    Architectural style
    Other

    Region Real Estate, Inc (219) 712-9928 [email protected]

    Listing agent Lia Dawson (219) 712-9928 License #RB14025601

    Listing date Dec 5, 2025

    MLS# 831597 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gary, Indiana Triplex Opportunity

    This triplex is located in Gary, Indiana. The two-story brick building includes a walkout basement apartment. There are four separate circuit breakers. On-street parking is available. The property taxes are very low. The property requires work.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.350001
    Latitude
    41.59919

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    FAQs

    What type of property is this?
    Triplex - Triplex with walkout basement apartment and low property taxes.
    Where is this triplex located?
    The property is located at 640 Polk St Gary, IN.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: - Walkout basement apartment.; - Low property taxes.; - **Solid brick construction.**
    (219) 712-9928
    Request Owner's contact information
    640 Polk St Gary, IN 46402
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    Gary, IN 46402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    640 Polk St Gary, IN 46402
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