Commercial Sale For Sale

816 Pennsylvania Street, Gary, Indiana

QR Code
Property Description

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.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA836606
Price : $520,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1922
Lot Area : 3,746 Sqft
Status : Active
Acres : 0.086
Property Subtype 1 : Multi Family
Status : Active
Features
Heating System : Forced Air
Basement : Yes
Parking : Driveway, On Street
Exterior Features : Other
Address Map
Country : US
State : IN
County : Lake
City : Gary
Street : Pennsylvania
Street Number : 816
Street Suffix : Street
Postal Code : 46402
Floor Number : 0
Longitude : W88° 39' 58.7''
Latitude : N41° 35' 46.2''
Directions : North 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.
Subdivision : Pleasant Meadows
Township : Calumet
MLS Addon
Office Name : Property Boss
Listing Agent MLS ID : NRA17788
Listing Office MLS ID : NRA2099
Annual Tax Amount : $2,634
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2024
Commercial Sale For Sale
  • Listing ID : NRA836606
  • Bedrooms : 0
  • Bathrooms : 0
  • Lot Area : 3,746 Sqft
$520,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent