Gary, IN 46407 2228 Washington Street
$195,000



20 more




















Presented By: Rebecca Olson with Listing Leaders Affiliated - (219) 384-7957;
Home Details
Be a part of Gary's Comeback with this Turnkey Cash-Flowing Brick Duplex in the Heart of Gary's Revitalization Don't miss this opportunity to own a fully occupied, income-producing from day one brick duplex in one of Gary's most exciting investment corridors. Whether you're looking to expand your portfolio or purchase your first multifamily property, this investment offers immediate rental income from day one. Both units are currently occupied, with one tenant on a month-to-month lease providing future flexibility, while the second unit is leased through February 2027, offering stable, predictable cash flow. This property has been professionally managed and maintained, and the current property management company is available to continue management for a smooth, turnkey transition if desired. Location is everything, and this property is ideally situated in the heart of Gary's ongoing revitalization. With continued public and private investment throughout the area, you're not just purchasing a duplex, you're investing in a community experiencing meaningful redevelopment and renewed momentum. Enjoy strong rental demand today while positioning yourself to benefit from the area's long-term potential. The total rent right now is 1760 (which we know in today's market is on the low side) so rent both units and cash flow from day one or live in one unit and let the other tenant help you pay your mortgage down. Solid brick construction, immediate income, professional management, and an exceptional location make this a rare opportunity for investors seeking both cash flow and future upside. Schedule your showing today and secure your place in Gary's next chapter before this opportunity is gone.
Presented By: Rebecca Olson with Listing Leaders Affiliated - (219) 384-7957;
Interior Features for 2228 Washington Street
Bedrooms
Total Bedrooms4
Bathrooms
Total Baths2
Other Interior Features
LivingAreaSourceAssessor
Above Grade Finished Area1672
Fireplace Y/NNo
Interior AmenitiesGranite Counters, High Ceilings
General for 2228 Washington Street
AppliancesRange Hood
CityGary
CountyLake
DirectionsBroadway to 23rd ave to Washington St
Full Baths2
Garage Y/NNo
HeatingCentral
Legal DescriptionC. T. L. & I. CO'S. 6TH ADD. S. 4 IN. L.7 BL.24 ALL L.8 BL.24
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet6055
New ConstructionNo
OwnerPaysManagement, Taxes
Patio/Porch FeaturesDeck, Porch
Pets AllowedBreed Restrictions
Property SubtypeDuplex
Property TypeResidential Income
Rent IncludesNone
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameC T L & L Co Add 06
Tax Annual Amount1126
Tax Assessed Value44900
Tax Year2024
TownshipCalumet
ViewNeighborhood
Year Built1908
Exterior for 2228 Washington Street
Lot FeaturesBack Yard, Rectangular Lot, Front Yard
Lot Size Acres0.139
Lot Size SourceAssessor
Parking FeaturesOn Street
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
