About This Home

This 0-bedroom, 0-bathroom commercial at 1301 Pennsylvania Street in Gary, IN is listed for $400,000 ($62 per sqft). Built in 1927, the home offers 6,435 sqft of living space on a 0.08 acres lot.

Key Features

  • Built in 1927
  • 0.08 acre lot

Property Details

1927
Listing 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, 4 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) , 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. A great opportunity for 1st time investor. Property being Sold AS-IS

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

1301 Pennsylvania Street

Gary, IN 46407

Gary Land Companys 10

Features & Amenities

Interior Features

Eat-in Kitchen

Exterior Features

Lighting

Property Details

Parking

On Street

Heating

Forced AirNatural Gas

Appliances

Electric RangeRefrigeratorGas Range

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1301 Pennsylvania Street is listed at $400,000 ($62/sqft). The estimated monthly payment is $2,140 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1927, 0.08 acre lot. Interior Features: Eat-in Kitchen. Exterior Features: Lighting.

This property is listed by Mary Aaron.

MA

Mary Aaron

Agent at McColly Real Estate

Listed by McColly Real Estate · Broker phone: (219) 864-7200 · View on Broker Site · Broker website

MLS# 845915· Source: Greater Northwest Indiana Association of REALTORS· 34 days on PropertySimple

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.

1301 Pennsylvania Street, Gary, IN 46407

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