Gary Multifamily Investment
For Sale
$499,900
Pending
2315 Industrial Boulevard, Gary, IN 46407
MULTI_FAMILY - Gary, IN
Property Size6,457 SF
Lot Size0.22 Acres
Days on Market134
Property Features for 2315 Industrial Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
5
Parking features
On Street
Interior features
Ceiling Fan(s), Open Floorplan
Basement
Finished
Subdivision
Diamond Park Sub
Lot features
Back Yard, Rectangular Lot, Front Yard
Directions
Head toward 6th Ave Turn left onto E 11th Ave Turn right onto Virginia St Turn left onto Industrial Blvd
Standard status
Pending
APN
450815179003000004
Size
6,457 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
DIAMOND PARK SUB BLK 2 LOT 7,8,9
Tax Annual Amount
2859
Legal Description
DIAMOND PARK SUB BLK 2 LOT 7,8,9
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1947
Listing Agency:
The Jaeger Group, LLC
(219) 796-0449
Listed By:
Lakia Hasenjaeger · License #RB14032390
(219) 796-0449
Added: Apr 6
Changed: Jun 15
Last Checked: Aug 17 at 4:06AM
MLS# 836660
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 multifamily property features two buildings on a single lot, offering a significant investment opportunity. The main two-story building contains five apartment units, each measuring 989 square feet. These units feature 10-foot ceilings, a living room, a kitchen, two bedrooms, and one bathroom. The basement level includes a newly renovated three-bedroom, one-bath apartment and a utility room. The sixth unit is a detached single-family home with potential for rehabilitation or demolition to maximize the site's future use. The property is zoned for up to nine units, presenting an opportunity for expansion. The five-unit building has undergone updates, including renovated units and updated HVAC systems. All units are currently vacant, but are expected to be leased during the sale process. The property is located near major expressways and commuter routes. This property is being sold as-is.
Key Highlights
- High‑potential multifamily asset with 6 units on one lot in a prime location.
- Zoned for up to 9 units, offering a significant opportunity for expansion.
- Vacant units provide flexibility for immediate renovation, leasing, or redevelopment strategies.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
190
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with redevelopment potential in Gary, Indiana.
Where is this apartment building located?
The property is located at 2315 Industrial Boulevard Gary, IN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: High‑potential multifamily asset with 6 units on one lot in a prime location.; Zoned for up to 9 units, offering a significant opportunity for expansion.; Vacant units provide flexibility for immediate renovation, leasing, or redevelopment strategies.
