6-Unit Apartment
1301 Pennsylvania Street, Gary, IN 46407
For Sale
$400,000
The unit mix spans one-, two-, and three-bedroom layouts, with a replacement roof currently underway.
Property Size5,798 SF
Price / SF$68.99
Days on Market51
Property Features for 1301 Pennsylvania Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
McColly Real Estate
Listed By:
Mary Aaron · License IN #475149952
(219) 934-6300
Source:
Icandyrealty
Added: Sep 25
Changed: Nov 11
Last Checked: Nov 13 at 7:21PM
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 McColly Real Estate
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Investment Insights
Based on property information with market context.
This 5,798-square-foot apartment property contains six units: three with one bedroom, two with two bedrooms, and one with three bedrooms. Four units are occupied. Built in 1927, the building is zoned COMMR, and roof replacement is underway. The property is offered in as-is condition.
The Gary location is near casinos in Gary and East Chicago, Gary RailCats Stadium, the Greyhound bus station, South Shore Rail lines, Skyway, and I-94. Showings require 48 hours’ notice.
The Gary location is near casinos in Gary and East Chicago, Gary RailCats Stadium, the Greyhound bus station, South Shore Rail lines, Skyway, and I-94. Showings require 48 hours’ notice.
Key Highlights
- Six apartments: 3 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom
- 4 of 6 units occupied
- 5,798 square feet; built in 1927
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
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
$55,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Lake County, IN
Properties on Market for Apartment buildings in Lake County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix spans one-, two-, and three-bedroom layouts, with a replacement roof currently underway.
Where is this apartment building located?
The property is located at 1301 Pennsylvania Street Gary, IN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Six apartments: 3 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom; 4 of 6 units occupied; 5,798 square feet; built in 1927
