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$72,500

  • Sold
  • Closed
  • Multi-Family
  • 4 Total Beds
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NOW ACCEPTING SHOWINGS! Investor's Dream in Gary, Indiana! Welcome to 251 Polk Street, a solid duplex with tons of potential! Currently owner-occupied, this property already has the essentials covered -- featuring a newer roof, furnace, and water heater, so you can skip the costly repairs and focus on cosmetic updates. Each unit offers 2 spacious bedrooms and 1 full bathroom, along with an open-concept living, dining, and kitchen area that's perfect for modern living. With a little remodeling, this property could easily become a high-performing income generator or a great house hack opportunity for someone looking to live in one unit and rent the other. This is your chance to grab a property with great bones, strong rental potential, and minimal upfront investment -- don't miss out on this hidden gem in Gary!

Full Property Details for 251 Polk St

General

  • Sold For: $72,500
  • Taxes: $528 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: GNIAR
  • MLS ID: 830253
  • Added to Site: 75 day(s) ago

Interior

  • Number of Rooms: 8
  • Interior Features: None
  • Appliances: Dryer, Water Softener Owned, Refrigerator, Range, Microwave

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Exterior

  • Exterior Features: Balcony

Location

  • County: Lake
  • Township: Calumet
  • Subdivision: Neighborhood- 2527
  • Driving Directions: Head toward Broadway in Gary and turn onto 5th Avenue, then continue until you reach Polk Street. Turn north onto Polk Street and follow it a short distance; 251 Polk Street will be on your right near 2nd Avenue in the midtown area of Gary, Indiana.

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Heating Type: Forced Air

Structural Information

  • Year Built: 1924

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920.4
  • Lot Features: Private

Financial Considerations

  • Tax Amount: $528.14
  • Tax Year: 2024
  • Terms: Cash

Disclosures and Reports

  • Legal Description: GARY LAND CO'S. 8TH SUB. ALL L.36 BL.4
  • Property ID: 450804128012000004

Listed by Integrity Realty Partners
Sold by VIA Realty

Listing agent

— 251 Polk St —

  • Integrity Realty Partners

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 251 Polk St

School District:Gary Community School Corporation
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 251 Polk St

Date
Details
Price
Change
Source
12/29/2025
Sold
$72,500
-3.33%
MLS
11/17/2025
Price Reduced
$75,000
-11.76%
MLS
11/06/2025
Price Reduced
$84,999
—
MLS
11/02/2025
Listed
$85,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Integrity Realty Partners
Sold by VIA Realty

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251 Polk Street, Gary, IN 46402 (MLS# 830253) is a Multi-Family property that was sold at $72,500 on December 29, 2025. Want to learn more about 251 Polk 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.