Gary, IN 46402 816 Pennsylvania Street
$520,000



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Presented By: Kiyah Marshall with Property Boss - (219) 801-6123;
Home Details
Turnkey investment opportunity in Gary, Indiana! This fully renovated 8-unit building is already 7 out of 8 units rented, offering immediate and reliable income with minimal lease-up needed. The property features a desirable mix of one-, two-, and three-bedroom units, appealing to a wide range of tenants. The photos provided showcase the property post-rehab, prior to the current tenants moving in--highlighting the quality of renovations and thoughtful updates throughout. Modern improvements blend seamlessly with original character details, including charming built-ins and classic woodwork. Ideally located with convenient access to IN-53, I-65, and I-80/94, this property is well-positioned for commuters and continued tenant demand. With strong occupancy and a growing rental market, this is a solid, income-producing addition to any portfolio. Schedule your showing today! Property sold AS IS.
Presented By: Kiyah Marshall with Property Boss - (219) 801-6123;
General for 816 Pennsylvania Street
Building FeaturesMulti Tenant
CityGary
CountyLake
DirectionsNorth on Burr St. onto 80 heading East to Detroit. Use Exit 10 onto Broadway. Continue North on Broadway, Then Right on Eighth Avenue, and right on Pennsylvania St. Property is on your right side.
ElectricOther
HeatingForced Air
Legal DescriptionGARY LAND CO'S 1ST SUB. L.26 B.14
Listing TermsCash, Conventional
Lot Size Square Feet3746
OwnerPaysInsurance, Water, Trash Collection, Taxes, Sewer
Property SubtypeMulti Family
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameGary Land Companys 01
Tax Annual Amount2634
Tax Year2024
TownshipCalumet
UtilitiesOther
ViewNeighborhood
Year Built1922
Exterior for 816 Pennsylvania Street
Exterior AmenitiesOther
Lot Size Acres0.086
Lot Size SourceAssessor
Parking FeaturesDriveway, On Street
Total Parking0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Tyler Niven
REALTOR

SQFT • 7,221