6-Unit Apartment
New
For Sale
$400,000
1301 Pennsylvania Street, Gary, IN 46407
Commercial Sale, Gary, IN
Property Size6,435 SF
Lot Size0.08 Acres
Price / SF$62.16
Days on Market3
Property Features for 1301 Pennsylvania Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
On Street
Security features
Security Lighting
Interior features
Eat-in Kitchen
Exterior features
Lighting
Basement
Unfinished
Appliances
Electric Range, Refrigerator, Gas Range
Subdivision
Gary Land Companys 10
Lot features
Corner Lot
Directions
Broadway south to 13th Ave, turn right onto 13th to Pennsylvania St
Standard status
Active
APN
450810158001000004
Size
6,435 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GARY LAND CO'S. 10TH SUB. ALL L.1 BL.10
Tax Annual Amount
4723
Legal Description
GARY LAND CO'S. 10TH SUB. ALL L.1 BL.10
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1927
Listing Agency:
McColly Real Estate
(219) 934-6300
Listed By:
Mary Aaron · License #475149952
(219) 805-7629
Added: Sep 25
Changed: Sep 26
Last Checked: Sep 27 at 1:06PM
MLS# 845915
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains three 1-bedroom units, two 2-bedroom units and one 3-bedroom unit. Four units are occupied. The 6,435-square-foot property was built in 1927 and sits on a 0.08-acre lot. Interior features include an eat-in kitchen and basement; exterior lighting is also present. Heating is natural gas forced air, and water and sewer service are public.
The property is near Gary RailCats Stadium, the Greyhound bus station, South Shore rail lines, I-94 and casinos in Gary and East Chicago. Parking is on street. Showings require 48 hours' notice, and the property is being sold as-is.
The property is near Gary RailCats Stadium, the Greyhound bus station, South Shore rail lines, I-94 and casinos in Gary and East Chicago. Parking is on street. Showings require 48 hours' notice, and the property is being sold as-is.
Key Highlights
- 6 apartments: three 1‑bedroom, two 2‑bedroom and one 3‑bedroom unit
- Four of six units are occupied
- 6,435 square feet on a 0.08‑acre lot
Property Analytics
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Current Use
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
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - A three-bedroom unit complements five smaller residences, with four apartments currently occupied.
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: 6 apartments: three 1‑bedroom, two 2‑bedroom and one 3‑bedroom unit; Four of six units are occupied; 6,435 square feet on a 0.08‑acre lot
