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$195,000

Est. payment - /mo

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4 Beds

2 Baths

6,055 SqFt

Price Dropped by $2K

2228 Washington ST Gary, IN 46407

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Gus Morquecho

mba@re-consultinggroup.com +1(219) 308-2266

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,055 sqft

Price per Sqft $32

Subdivision C T L & L Co Add 06

MLS Listing ID 840398

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1908

Annual Tax Amount $1,126

Tax Year 2024

Lot Size 6,054 Sqft

Acres 0.139

Property Sub-Type Duplex

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.

Location

State IN

County Lake

Rooms

Basement Walk-Out Access

Interior

Interior Features Granite Counters, High Ceilings

Heating Central

Fireplace N

Appliance Range Hood

Exterior

Parking Features On Street

View Y/N true

View Neighborhood

Building

Lot Description Back Yard, Rectangular Lot, Front Yard

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Tax ID 450816235028000004

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing NRA20260608190617723837000000

Listing Terms NRA20260608190617723837000000

Pets Allowed Breed Restrictions

Listed by Listing Leaders Affiliated • Rebecca Olson

Nearby Locations

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Gus Morquecho

Broker Associate | License ID: RB140551680

+1(219) 308-2266