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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 leasing to Fair Market Rent levels as units turn.
Well Maintained Asset – Retains original character with updated mechanical systems.
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 RailDriveWalkDistance
Gary Metro Center Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 7 min - 3.9 mi
Clark Road (Gary) Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 8 min - 4.5 mi
AirportDriveWalkDistance
Chicago Midway International 48 min - 31.0 mi
Michael Julius 224-639-6382 Kiser Group
Michael Julius 224-639-6382 Kiser Group