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$400,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 13 days ago
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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.

Full Property Details for 1301 Pennsylvania St

General

  • Price: $400,000
  • Taxes: $4,723 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: GNIAR
  • MLS ID: 845911
  • Updated: 9/27/2026
  • Added to Site: 14 day(s) ago

Interior

  • Interior Features: Eat-in Kitchen
  • Appliances: Electric Range, Refrigerator, Gas Range

Exterior

  • Exterior Features: Lighting

Location

  • County: Lake
  • Township: Calumet
  • Subdivision: Gary Land Companys 10
  • Driving Directions: Take Broadway south to 13th Ave, turn right onto 13th to Pennsylvania

Heating & Cooling

  • Heating Type: Forced Air, Natural Gas

Structural Information

  • Year Built: 1927

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,484
  • Lot Features: Corner Lot

Financial Considerations

  • Tax Amount: $4,723
  • Tax Year: 2025
  • Terms: Cash, FHA, Conventional

Disclosures and Reports

  • Legal Description: GARY LAND CO'S. 10TH SUB. ALL L.1 BL.10
  • Property ID: 450810158001000004

Listed by McColly Real Estate

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— 1301 Pennsylvania St —

  • McColly Real Estate

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1301 Pennsylvania St

School District:Gary Community School Corporation
NameGradesDistance
Daniel Hale Williams Elementary School
1320 East 19th Avenue, Gary, IN 46407
K-50.8 mi
Mary M Bethune Early Child Development Center
2367 East 21st Avenue, Gary, IN 46407
PK-1.5 mi
Gary Middle School
301 Parke Street, Gary, IN 46403
6-84.7 mi
West Side Leadership Academy
9th & Gerry St, Gary, IN 46406
9-123.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1301 Pennsylvania St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/25/2026
Listed
$400,000
39.13%
MLS
9/02/2022
Sold
$287,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1301 Pennsylvania St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,971
—
$193,000
2%
2024
$5,971
-69%
$188,300
-15%
2023
$19,556
283%
$221,800
11%
2022
$5,111
-25%
$199,500
157%
2020
$6,829
273%
$77,500
—
2019
$1,829
-49%
$77,500
-19%
2018
$3,561
60%
$95,700
-3%
2017
$2,219
—
$98,500
-4%
2017
$2,219
-3%
$102,700
-8%
2016
$2,279
-4%
$112,100
-1%
2015
$2,363
-62%
$112,700
8%
2013
$6,144
18%
$104,100
-1%
2012
$5,190
—
$105,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1301 Pennsylvania Street, Gary, IN 46407 (MLS# 845911) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1301 Pennsylvania Street is currently listed for $400,000 and was received on September 25, 2026. Want to learn more about 1301 Pennsylvania Street? Do you have questions about finding other Multi-Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

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