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Two-Building Apartment Property
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1164 Connecticut Street, Gary, IN 46407

Adjacent multifamily buildings offer renovated interiors, basement utility, and proximity to retail, grocery, entertainment, and schools.

Property Size13,400 SF
Days on Market91

Property Features for 1164 Connecticut Street

General Information

Standard status Active
Size 13,400 SF
Property subtype Multifamily

Property Condition

Severity Major Repairs Needed
Evidence Complete full gut rehabs of two vacant units

Building Details

Building Size 13,400 SF
Year Built 1927
Buildings 2
Listing Agency:
Listed By: Kyle Sissell · License #IL #475.185903
Source: Kisergroup
Added: Jun 2 Changed: Aug 30 Last Checked: Aug 30 at 3:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kyle Sissell

Investment Insights

Based on property information with market context.

This multifamily property includes two adjacent apartment buildings at 1164 and 1170 Connecticut Street. The buildings date to 1927 and feature multiple entrances, hardwood floors, wood trim, and updated kitchens in select units. Most apartments have received light renovations, while two vacant units require full interior rehabilitation. The basement provides an opportunity for tenant storage and on-site laundry improvements.

The property sits just off Broadway, Gary’s primary north-south corridor, with retail, grocery, and entertainment within walking distance. Nearby schools and surrounding cities are also accessible from the site. Building improvements include complete tear-off roof replacements completed in 2021 and new boiler systems installed in 2022. Operational upgrades and continued interior work remain part of the property’s documented improvement scope.

Key Highlights

  • Two adjacent apartment buildings at 1164 and 1170 Connecticut Street
  • 1927 construction with hardwood floors, wood trim, and select updated kitchens
  • Two vacant units require full interior rehabilitation

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby

Demographics for 46407, IN

9,862
Population
6,644
Households
1.5
Avg Household Size
39
Median Age
11%
College-Educated
81%
High-School Grad
4.2 sq mi
ZIP Area
2,348
Density / Sq Mi
$25,551
Median Household Income
$28,504
Median Earnings
$807
Median Rent
$55,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Adjacent multifamily buildings offer renovated interiors, basement utility, and proximity to retail, grocery, entertainment, and schools.
Where is this apartment building located?
The property is located at 1164 Connecticut Street Gary, IN.
What are key features of this property?
This property features: Two adjacent apartment buildings at 1164 and 1170 Connecticut Street; 1927 construction with hardwood floors, wood trim, and select updated kitchens; Two vacant units require full interior rehabilitation
More about this property
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