Building Details

Year Built 1927

Listing Agency: Listing Leaders Affiliated

Listed By: Rebecca Olson Show Phone

Source: Realtopiare

Added: Aug 11 Changed: Oct 2 Last Checked: Oct 4 at 3:50PM

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Investment Insights

Based on property information with market context.

This 2,250-square-foot triplex contains three residential units that were recently renovated. The property is professionally managed, with two units currently occupied and the remaining unit being marketed, subject to tenants’ rights.

Located at 1220 W 41st Ave in Gary, IN, the property offers an existing multi-unit configuration with current tenancy and recent improvements.

Key Highlights

• 2,250‑square‑foot triplex with 3 residential units
• All 3 units were recently renovated
• 2 units are currently tenanted

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage Gym & Fitness Center Garden Center

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

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

322

Businesses Nearby

Explore this area Business Placement

Demographics for 46408, IN

15,109

Population

7,861

Households

1.9

Avg Household Size

38

Median Age

12%

College-Educated

84%

High-School Grad

9.7 sq mi

ZIP Area

1,558

Density / Sq Mi

$47,063

Median Household Income

$35,163

Median Earnings

$1,016

Median Rent

$96,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit property with recent renovations and two occupied units.

Where is this triplex located?

The property is located at 1220 W 41st Ave Gary, IN.

What is the asking price?

The asking price for this property is $210,000.

What are key features of this property?

This property features: 2,250‑square‑foot triplex with 3 residential units; All 3 units were recently renovated; 2 units are currently tenanted