Listing Agency: Listing Leaders k***@outlook.com Show Phone

Listed By: Katherine Stirling · License #RB19001959 Show Phone

Source: Exprealty

Added: Jul 29 Changed: Aug 19 Last Checked: Aug 20 at 9:29AM

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Investment Insights

Based on property information with market context.

This residential income property is identified as a triplex and offers potential for three rental units. The configuration may support an owner-occupant arrangement with additional units rented separately, or rental of all three units.

The property is located at 1531 Van Buren St in Gary, Indiana. The surrounding area offers access to Lake Michigan, Chicago, the South Shore train, Hard Rock Casino, and the upcoming Lake County Convention and Visitors Center.

Key Highlights

• Potential for three rental units
• Triplex classification
• 1531 Van Buren St, Gary, IN

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Restaurant Spa & Massage 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

456

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

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 - Residential income property with potential for three separate rental units in Gary.

Where is this triplex located?

The property is located at 1531 Van Buren St Gary, IN.

What is the asking price?

The asking price for this property is $39,000.

What are key features of this property?

This property features: Potential for three rental units; Triplex classification; 1531 Van Buren St, Gary, IN