# 1301 Pennsylvania Street, Gary, IN 46407

> **TL;DR:** multi-family, $400,000, built 1927. Est. $2,140/mo. Listed 37 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $400,000 |
| Year Built | 1927 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 37 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,023 |
| Estimated Insurance | $117 |
| **Total** | **$2,140** |

## Property Highlights

- Built in 1927
- 0.08 acre lot
- 2 stories

## Description

### Agent Description
Great Investment Opportunity. This beautiful SIX- UNIT property presents a compelling opportunity to acquire a stabilized, income-producing asset. The property features six functional units designed for long-term tenancy: 3 one-bedroom units, 2 two-bedroom units, 1 three-bedroom unit, 5 of 6 units are currently occupied, providing an immediate income stream for investors. The property is conveniently located near numerous amenities, including casinos (East Chicago, Gary) and Garys' RailCats Stadium, Greyhound bus station and Southshore Rail lines, Skyway, and I-94, providing convenient access to transportation and surrounding areas. Showings require 48 hours' notice.

## Location

- **Address:** 1301 Pennsylvania Street, Gary, IN 46407
- **County:** Lake
- **Neighborhood:** Gary Land Companys 10
- **Coordinates:** 41.589893, -87.33297
- **Google Maps:** https://www.google.com/maps?q=41.589893,-87.33297

## Listing Agent

- **Name:** Mary Aaron
- **Brokerage:** McColly Real Estate
- **Broker Phone:** (219) 864-7200
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1301-Pennsylvania-St_Gary_IN_46407_M39610-53627?f=listhub&s=GNIARIN&m=845911&c=propsimple)

## Photos

![1301 Pennsylvania Street - Photo 1](http://lh.rdcpix.com/dfc1b414f657fac9d5825d7e40d8c9f1l-f4101724145r.jpg)

---

**MLS#:** 845911 | **Updated:** 2026-10-27
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1301-pennsylvania-street-gary-in-46407-931d44c4e80f45d3b60089ef23a114ca)

---

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