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1301 Pennsylvania Street
Gary IN 46407 US

$400,000

Active Listing ID 845911
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Lot: 0.08 Acres
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Apartment

$400,000

Active Listing ID 845911
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1301 Pennsylvania Street 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.

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Property Features

  • Facts
  • Lot Size: 0.08 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Exterior Finish: Lighting
  • Heating Fuels: Forced Air, Natural Gas
  • Additional Features
  • Basement

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 400000
  • unparsedaddress: 1301 Pennsylvania Street
  • postalcity: Gary
  • stateorprovince: IN
  • country: US
  • postalcode: 46407
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.08
  • lotsizeunits: Acres
  • lotsizearea: 0.08
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.589893
  • longitude: -87.33297
  • listagentfullname: Mary Aaron
  • listagentemail: maaron@mccolly.com
  • listagentkey: 3yd-GNIARIN-11908
  • listagentmlsid: 11908
  • listagentpreferredphone: 2198057629
  • listagentofficephone: 2198057629
  • listofficekey: 3yd-GNIARIN-102
  • listofficemlsid: 102
  • disclaimer: 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.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1927
  • listingcontractdate: 2026-09-25
  • listagenturl: http://www.mccolly.com
  • countyorparish: Lake
  • parcelnumber: 450810158001000004
  • appliances: Electric Range, Refrigerator, Gas Range
  • heating: Forced Air, Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Eat-in Kitchen
  • exteriorfeatures: Lighting
  • rooms: Basement
  • securityfeatures: Security Lighting
  • basement: Unfinished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.33297, 41.589893
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"McColly Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"maaron@mccolly.com", "ListBrokerageCity":"Schererville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"rmccolly@mccolly.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/b10a743147d611dfb0db00219b9aa4d8k-c48015075r.png", "ListBrokerageName":"McColly Real Estate", "ListBrokeragePhone":"(219) 864-7200", "ListBrokeragePostalCode":"46375", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"800 Deer Creek Drive", "ListBrokerageWebsiteUrl":"http://www.mccolly.com", "ListOfficeAddress1":"2000 - 45th Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"102", "ListOfficeCity":"Highland", "ListOfficeCountry":"US", "ListOfficeEmail":"highland@mccolly.com", "ListOfficePostalCode":"46322", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Gary, IN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1301-Pennsylvania-St_Gary_IN_46407_M39610-53627?f=listhub&s=GNIARIN&m=845911&c=rexren", "MLSModificationTimestamp":"2026-09-30 03:42:14", "Neighborhoods":[{"Description":null, "Name":"Gary Land Companys 10"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4723, "TaxDescription":"GARY LAND CO'S. 10TH SUB. ALL L.1 BL.10", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/27/2026 7:10:40 PM GMT
Source Updated Date: 11/10/2026 1:02:43 PM GMT

Courtesy of: Mary Aaron, McColly Real Estate, maaron@mccolly.com

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.