Gary IN Real Estate &

19 Properties Found

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Beds:
3
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
843369
Type:
Duplex
Subdivision:
Bormanns Add 02
Lot size:
0.07 Acres
Year built:
1920
Courtesy: LPT Realty LLC (877) 366-22
View additional info

ADDITIONAL INFORMATION

Unlock the opportunity to transform this duplex into a cash-flowing investment or owner-occupied property. This property is in need of a full rehab, making it the perfect project for investors, contractors, or experienced renovators looking to add value. With two separate units, the possibilities are endless--renovate and rent both units, live in one while generating income from the other, or add this property to your growing investment portfolio. Bring your vision and creativity to restore this property to its full potential. Property is being sold AS-IS. Buyer is responsible for conducting their own due diligence regarding condition, zoning, and intended use. Don't miss this chance to invest in a property with significant upside potential!

Beds:
5
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
843348
Type:
Triplex
Subdivision:
Gruenbergs Add
Lot size:
0.06 Acres
Year built:
1905
Courtesy: The Jaeger Group, LLC (219) 796-04
View additional info

ADDITIONAL INFORMATION

Looking for an investment opportunity with immediate income potential? This charming 3-unit apartment building is priced to sell and offers an excellent addition to any investment portfolio. The main and 2nd floor unit each feature 2 bedrooms, 1 bathroom, a spacious living room, an eat-in kitchen, and approximately 850 square feet of comfortable living space. The third unit offers 1 bedroom, 1 bathroom, and approximately 700 square feet, making it an attractive option for a variety of tenants. The property also features a large fenced yard, providing added outdoor space for residents. The main-floor unit is currently occupied, offering instant rental income, while the two upper units are vacant, move-in ready, and available for immediate leasing. Whether you're an experienced investor or just starting to build your portfolio, this income-producing property offers tremendous potential. Don't miss this opportunity schedule your showing today! Sold as-is.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
843139
Type:
Triplex
Subdivision:
Ctl & Co's 5th All
Lot size:
0.07 Acres
Year built:
1922
Courtesy: Listing Leaders (219) 462-54
View additional info

ADDITIONAL INFORMATION

THREE POSSIBLE UNITS TO RENT- Live in one and rent out the other or rent all three for MAXIMUM CASH FLOW! Get in on the ground floor of Gary's burgeoning renaissance. The city has recently undergone significant development and reinvestment. Gary is at the center of America's crossroads and offers close proximity to the shores of Lake Michigan and Chicago. Also nearby public transport options such as the Southshore train and new entertainment options such as Hard Rock Casino and the upcoming Lake County Convention and Visitors Center. This location will almost certainly see high appreciation for years to come.

Beds:
5
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
842778
Type:
Duplex
Subdivision:
Riverside Estates
Lot size:
0.39 Acres
Year built:
1968
Courtesy: Heritage Real Estate Services, (219) 613-39
View additional info

ADDITIONAL INFORMATION

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
842625
Type:
Duplex
Subdivision:
Gary Land Companys 11
Lot size:
0.08 Acres
Year built:
1927
Courtesy: Avid Real Estate LLC (219) 200-22
View additional info

ADDITIONAL INFORMATION

Attention investors, flippers, and buy-and-hold buyers! This is a prime value-add opportunity with significant upside potential. Whether you're looking for your next fix and-flip or a long-term rental investment, this property offers the chance to build equity through renovation. Excellent value-add potential Ideal for rehab and resale or rental portfolio expansion Strong after-repair value (ARV) potential Bring your contractor, run your numbers, and capitalize on the potential. Roof replacement July 2024 and Apt 1 renovated June 2026

Beds:
9
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
841766
Type:
Duplex
Subdivision:
Logan Park Add 02
Lot size:
0.07 Acres
Year built:
1925
Courtesy: @properties/Christie's Intl RE (219) 440-00
View additional info

ADDITIONAL INFORMATION

Investor opportunity! Spacious multi-unit property in Gary with a NEW ROOF already in place. The property has been completely gutted providing a blank slate for renovation and redevelopment. An excellent opportunity for investors to restore and reimagine this property into an income-producing asset with strong upside potential. Property is being sold AS-IS. Due to the condition of the property, room counts, dimensions, square footage, layout, and number of units should be independently verified by the buyer.

Beds:
3
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
841623
Type:
Duplex
Subdivision:
Mid-western Real Estates Companys Add 03
Lot size:
0.25 Acres
Year built:
1946
Courtesy: Home Connection Realty, Inc. (219) 962-76
View additional info

ADDITIONAL INFORMATION

Fire Damage - Needs interior work. ARV240K - This is a 1 1/2 Story 3 bedroom 2 bath home that was converted from a 2-unit to single family. Loads of Potential Here so Don't Pass it Up!!

Beds:
6
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
841776
Type:
Triplex
Subdivision:
South Braodway Add
Lot size:
0.11 Acres
Year built:
1933
Courtesy: Haven Realty (888) 724-28
View additional info

ADDITIONAL INFORMATION

Great investment opportunity for an investor to fix and hold for excellent cash flow! Roof is a couple years old. Some new windows have been installed. Check out the potential there is for cash flow with this property.

Beds:
5
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
841473
Type:
Triplex
Subdivision:
Gary Land Companys 01
Lot size:
0.1 Acres
Year built:
1924
Courtesy: Property Boss (219) 801-61
View additional info

ADDITIONAL INFORMATION

Great cash-flowing multi-unit investment opportunity in Gary! This recently renovated triplex features three updated units and is professionally managed, making it a strong addition to any rental portfolio. Two units are currently tenant-occupied, providing immediate rental income, while the remaining unit is actively being marketed for rent to maximize income potential. The property also offers a large yard, adding extra outdoor space for residents. Professional management is already in place; this triplex is ready for its next owner.

Beds:
6
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
840881
Type:
Duplex
Subdivision:
Logan Park Second Add
Lot size:
0.16 Acres
Year built:
1922
Courtesy: Weichert, Realtors-Moke Agency (219) 662-30
View additional info

ADDITIONAL INFORMATION

Investor special in Gary! This bi-level duplex offers an outstanding value-add opportunity for investors, flippers, or buyers looking to build sweat equity. Featuring two units--one upper and one lower--this property has strong income potential with projected rents of approximately 1,200 per month per unit, creating a potential gross annual income of 28,800. With some renovation and updates, investors may have the opportunity to achieve attractive cash flow and returns. Whether you're looking to expand your rental portfolio, complete a fix-and-hold project, or capitalize on Northwest Indiana's continued growth and revitalization, this property deserves a look. Located just minutes from major highways, commuter routes, and the exciting redevelopment taking place throughout the region, now is the time to invest in Gary's future. Property is being sold as-is where is. Cash or renovation financing preferred. Hard money welcome.

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
840847
Type:
Duplex
Subdivision:
Gary Land Companys 01
Lot size:
0.1 Acres
Year built:
1916
Courtesy: Kirk & Company Your Home Sold (219) 281-85
View additional info

ADDITIONAL INFORMATION

Gary - **2 UNIT REMODELED INCOME PRODUCING PROPERTY NOW AVAILABLE FOR SALE** Both units are now available to buy! Income-generating assets are what the wealthy focus on acquiring. OR maybe this is your 2nd, 3rd, 10th property and your looking to add more 'Doors' to your portfolio, THESE ARE 2 DOORS YOU WANT!! 2 updated similar units each with 2 bdrms, 1 full bath, Kitchen, Living Rm, Basement. Shared Garage and Fenced Yard.

Beds:
4
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
840541
Type:
Triplex
Subdivision:
First Sub Oakington Park City Ga
Lot size:
0.11 Acres
Year built:
1927
Courtesy: Listing Leaders Affiliated (219) 384-79
View additional info

ADDITIONAL INFORMATION

Great Cash flowing multi unit. The 3 units were recently renovated. Professionally managed and ready for a new owner. Two units are currently tenanted and one unit is being marketed. Subject to tenants rights.

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
840398
Type:
Duplex
Subdivision:
C T L & L Co Add 06
Lot size:
0.14 Acres
Year built:
1908
Courtesy: Listing Leaders Affiliated (219) 384-79
View additional info

ADDITIONAL INFORMATION

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.

Beds:
5
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
839577
Type:
Duplex
Subdivision:
Gary Land Companys 01
Lot size:
0.09 Acres
Year built:
1926
Courtesy: Listing Leaders Affiliated (219) 384-79
View additional info

ADDITIONAL INFORMATION

Attention Investors. TURNKEY DUPLEX UNIT. This duplex was completely renovated and has 2 great tenants occupying the property. Close to the highways and downtown area. This duplex is an excellent addition to any investors portfolio. Professionally managed.

Beds:
3
Baths:
1.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
839546
Type:
Apartment
Subdivision:
Garfield Park Add
Lot size:
0.06 Acres
Year built:
1945
Courtesy: Weichert, Realtors-Moke Agency (219) 662-30
View additional info

ADDITIONAL INFORMATION

MOTIVATED SELLER - Hey INVESTORS - Affordable 3-bedroom, 1-bath raised ranch. This home features a full basement and solid fundamentals, with major updates already completed--including a roof and windows recently --giving you peace of mind on the big-ticket items. Inside, you'll find a great layout with plenty of potential to make it your own over time. Whether you're tired of rising rent or ready to invest in your future, this home offers a smart, affordable path to ownership. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000/month, this reflects a stable, below-market rent typical of long-term occupancy--providing an opportunity for future increases. At the current asking price, the property delivers an estimated 10.0 cap rate with 12,000 annual gross income and minimal vacancy risk. Property is located in a strong rental area, you may also want to explore local Section 8 Housing Choice Voucher Program payment standards, which could support higher rental income and improved returns, depending on qualification and tenant placement. Sold As-Is, this property offers both immediate cash flow and value-add potential through rent adjustments or light improvements. Whether you're building your portfolio or entering the market, this is a cash-flowing asset ready to perform from day one. Sold As-Is. Schedule your private showing today and take the first step toward owning your home!

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
838327
Type:
Duplex
Subdivision:
Wilsons Sub
Lot size:
0.21 Acres
Year built:
1953
Courtesy: Kirk & Company Your Home Sold (219) 281-85
View additional info

ADDITIONAL INFORMATION

*Attention First-Time Investors* Start Building Wealth Through Real Estate Without Buying a Huge Apartment Building! Are you looking to: Start building wealth? Buy you first rental?Generate passive income like you hear about on YouTube? House hack into investing? You Can enter the Real Estate Game with this Lower entry price point + You get Two income-producing units and the Existing Airbnb setup lowers your learning curve! These Updated units will reduce immediate out of pocket repair fears you have been concerned about! This Ranch style property appeals to a broad tenant pool as well. **ATTENTION MY HOUSE HACK BUYERS** You can Live in one side Rent the other side! Why not offset the mortgage payments by living in one unit and generate income from the second. This will lower your monthly out-of-pocket costs. Both Units have 2 bedrooms, Living Room, Kitchen, Full Bath and laundry area. See this one BEFORE you buy the other one!

Beds:
6
Baths:
6.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
837046
Type:
Triplex
Subdivision:
Gary Land Companys 01
Lot size:
0.09 Acres
Year built:
1913
Courtesy: Premier Midwest Realty, INC (708) 801-98
View additional info

ADDITIONAL INFORMATION

ATTENTION ATTENTION!!! When I tell you that it's too much to mention, believe us when we say, that this beautiful brick building is loaded with so much useful space. This 3 unit has over 1300 square feet on each level! Each floor has 2 generous sized bedrooms, walk in closets, LR, DR, kitchen, private back porches and a total of 5 3/4 baths. Your search for a multi-unit can be over, with low property taxes! Put this on your schedule and come get this income generating opportunity or move in and live here. Sold As-Is. No inspection or appraisal contingencies. Seller financing available.

Beds:
8
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
836555
Type:
Duplex
Subdivision:
Gary Land Companys 11
Lot size:
0.07 Acres
Year built:
1926
Courtesy: Avid Real Estate LLC (219) 200-22
View additional info

ADDITIONAL INFORMATION

GREAT OPPORTUNITY FOR A FIX AND FLIP OR BUY AND HOLD! This 2 unit brick building offers 4 bedrooms per unit. Recent Sales have sold for 218,000 & 250,000 - So plenty of room to renovate and still make a profit. Schedule your showing today!

Beds:
20
Baths:
6.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
834741
Type:
Apartment
Subdivision:
Tarrytown First Sub
Lot size:
0.11 Acres
Year built:
1955
Courtesy: Coldwell Banker Realty (219) 865-99
View additional info

ADDITIONAL INFORMATION

Exceptional investment opportunity! This single-family home portfolio includes six well-maintained residences with strong long-term upside potential. All properties have been consistently cared for, featuring new roofs, newer furnaces, and various interior and mechanical updates, minimizing immediate capital expenses. Current rents are significantly below market value, offering a prime opportunity for investors to increase cash flow through strategic rent adjustments. Ideal for both seasoned investors looking to expand their portfolio and those seeking a stable, value-add opportunity with built-in equity growth. Turnkey condition with major improvements already completed--add value, increase income, and maximize returns from day one..

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

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Gary Real Estate

Gary is located in Indiana. Gary, Indiana has a population of 69,739. Gary is less family-centric than the surrounding county with 10.37% of the households containing married families with children. The county average for households married with children is 27.11%.

The median household income in Gary, Indiana is $34,085. The median household income for the surrounding county is $62,052 compared to the national median of $69,021. The median age of people living in Gary is 37.1 years.

Gary Weather

The average high temperature in July is 83 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 38.4 inches per year, with 35.8 inches of snow per year.

Gary Map

Gary Real Estate Market Conditions

  • Median sales price

    $120,000
    13.9%
    change since last quarter
  • # Active listings

    375
    30-day change

Gary Schools and Demographics

Education near Gary, IN

City County
High School Graduates 86.09 89.8
College Degree - 2 year 8.54 8.53
College Degree - 4 year 14.42 23.69
Graduate Degree 4.11 6.22
Expenditures per Student 13,054 13,054
Students per Teacher 17 17

Elementary Schools near Gary, IN

Grades Students P/T Ratio ZIP
Alexander Hamilton Elementary School 01 - 06 247 15.4 46405
Aspire Charter Academy KG - 08 704 20.1 46406
Bailly Preparatory Academy KG - 06 371 15.5 46409
Benjamin Banneker Achievement Center KG - 08 518 19.9 46403
Beveridge Elementary School KG - 06 675 22.5 46404
Brunswick Elementary School KG - 06 612 20.3 46404
Carl J Polk Elementary School 01 - 06 196 14 46405
Daniel HALE Williams Elementary School KG - 06 512 19.7 46407
Daniel Webster Elementary School KG - 06 294 16.2 46408
Dr Bernard C Watson Academy for Boys KG - 06 137 10.5 46407
Edgar L Miller Elementary School KG - 04 355 16.1 46410
Frankie W McCullough Academy for Girls KG - 07 429 18.6 46407
Glen Park Acad. for Excel in LRN KG - 06 790 32.9 46408
Henry P Fieler Elementary School KG - 04 450 18.8 46410
Henry S Evans Elementary School KG - 06 351 29.3 46405
Homer Iddings Elementary School KG - 04 540 16.1 46410
Hosford Park Elementary School KG - 05 345 23 46408
Jacques Marquette Elementary School KG - 06 576 18.6 46403
Jefferson Elementary School KG - 06 482 28.4 46402
John Wood Elementary School PK - 04 299 18.1 46410
Jonas E Salk Elementary School KG - 04 660 18.8 46410
Longfellow Elementary School KG - 05 540 22.5 46408
Mary M Bethune Early Child Dev Center PK - PK 518 34.5 46407
Virgil I Bailey Elementary School KG - 06 384 18.3 46405

Middle Schools near Gary, IN

Grades Students P/T Ratio ZIP
Dunbar-Pulaski Academic & Career 07 - 08 674 74.9 46407
Lake Ridge Middle School 06 - 08 418 20.9 46408
Merrillville Intermediate School 05 - 06 1,006 21.9 46410
Pierce Middle School 07 - 08 1,070 18.8 46410

High Schools near Gary, IN

Grades Students P/T Ratio ZIP
Calumet High School 09 - 12 663 16.6 46408
Gary Middle College 09 - 12 198 46.9 46402
Merrillville High School 09 - 12 2,228 18.8 46410
New Tech Innovative Institute 09 - 12 404 33.7 46409
Theodore Roosevelt Car & Tech Academy 07 - 12 571 21.1 46407
Thomas A Edison Junior/Senior High School 07 - 12 622 15.9 46405
West Side Leadership Academy 09 - 12 885 34 46406

Ungraded Schools near Gary, IN

Grades Students P/T Ratio ZIP
21st Century Charter School of Gary KG - 12 709 632 46402
Charter School of the Dunes KG - 12 624 26 46403
Gary Career Center PK - 12 0 46409
Gary Lighthouse Charter School KG - 12 1,460 19.4 46408
Thea Bowman Leadership Academy KG - 12 1,317 17.8 46402
Wm A WIRT/Emerson VPA 05 - 12 595 21.3 46403

Demographics near Gary, IN

City County
Neighborhood Type Suburban
Population 69,739 495,925
Population Density 1,403 994
Median Age 37.1 39.2
People per Household 2.5 2.6
Median Household Income 34,085 62,052
Average Income per Capita 19,520 31,666

Real estate near Gary