Residential Income For Sale

2228 Washington Street, Gary, Indiana

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Property Description

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.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA840398
Price : $197,900
Bedrooms : 4
Rooms : 0
Bathrooms : 2
Half Bathrooms : 0
Year Built : 1908
Lot Area : 6,055 Sqft
Status : Active
Acres : 0.139
Property Subtype 1 : Duplex
Status : Active
Features
Heating System : Central
Basement : Yes
Pet Policy : Breed Restrictions
Parking : On Street
Interior Features : Granite Counters, High Ceilings
Appliances
Appliances : Range Hood
Address Map
Country : US
State : IN
County : Lake
City : Gary
Street : Washington
Street Number : 2228
Street Suffix : Street
Postal Code : 46407
Floor Number : 0
Longitude : W88° 39' 42.5''
Latitude : N41° 34' 40.8''
Directions : Broadway to 23rd ave to Washington St
Subdivision : C T L & L Co Add 06
Township : Calumet
MLS Addon
Office Name : Listing Leaders Affiliated
Listing Agent MLS ID : NRA15446
Listing Office MLS ID : NRA2191
Annual Tax Amount : $1,126
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2024
Residential Income For Sale
  • Listing ID : NRA840398
  • Bedrooms : 4
  • Bathrooms : 2
  • Lot Area : 6,055 Sqft
$197,900
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent