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1412 Connecticut St
Gary, IN 46407 Midtown Gary

$350,000 USD

Apartments For Sale  •  4,200 SF

Property Details

• Property Type Apartments
• Total Building Size 4,200 SF
• Lot Size 0.09 AC
• Building Class C
• Year Built 1929

0 Transit Score

50 Walk Score

Highlights

Stabilized Six-Unit Property – Well-maintained building with only one vacancy and stable in-place income.

Section 8 Rent Upside – Opportunity to increase rents by aligning current leases with Section 8 Fair Market Rent levels as units turn.

Unique Unit Mix – Includes a distinctive basement apartment that adds character and flexibility to the property.

Well Maintained Asset – Retains original character with updated mechanical systems over time.

On-Site Amenities – Features a digital laundry facility and a garage used for tenant parking and storage.

Additional Land Included – Two adjacent lots are included in the sale, providing added value and potential flexibility.

Public Transportation

Commuter Rail	Drive	Walk	Distance
Gary Metro Center Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	8 min	-	3.9 mi
Clark Road (Gary) Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	9 min	-	4.1 mi
Airport	Drive	Walk	Distance
Chicago Midway International	48 min	-	31.0 mi
Chicago O'Hare International	70 min	-	48.1 mi