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$325,000
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Property Description
Discover an exceptional investment opportunity with this well-maintained four-unit property in Calumet Township, ideally located at 6016 W 41st St. Consisting of two spacious 2-bed/1-bath units and two efficient 1-bed/1-bath units, the building offers a balanced and highly rentable unit mix. Sitting on a generous 0.59-acre lot, the property features 2,813 sq ft of living space with an average unit size of 705 sq ft, all on a single level for ease of access and maintenance. Built in 1967 and thoughtfully updated over time, the asset benefits from separately metered utilities, with tenants responsible for gas, electric, and trash--keeping operating costs low for the owner. Water and common-area electric are the only owner-paid utilities, and each unit includes individual furnaces and water heaters. With stable tenancy and strong market demand in this pocket of Lake County, this property offers investors immediate cash flow and long-term upside in a growing rental corridor.
Full Property Details
Full Property Details for 6016 W 41st Ave
General
- Sold For: $325,000
- Taxes: $4,700 (2024)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 831735
- Added to Site: 82 day(s) ago
Interior
- Interior Features: None
- Appliances: None
Exterior
- Exterior Features: None
Parking
- Parking Features: Additional Parking, Off Street, Paved
Location
- County: Lake
- Township: Calumet
- Subdivision: N/A
- Driving Directions: Ridge Rd to Colfax. Left onto 41st Ave
Heating & Cooling
- Heating Type: Forced Air, Individual Unit, Natural Gas
Structural Information
- Year Built: 1967
Lot Features
- Lot Size (Acres): 0.585
- Lot Size (Sq. Ft.): 25,483
- Lot Features: Other
Financial Considerations
- Tax Amount: $4,700
- Tax Year: 2024
- Terms: Conventional
Disclosures and Reports
- Legal Description: S.223.5FT. OF E.132FT. OF W.551.2FT.OF S.447FT.OF SW.NW. EX. N.15FT. & EX. S.30F T. S.25 T.36 R.9 .560AC.
- Property ID: 450725152018000001
Listed by Ellsbury Group
Sold by Realty Executives Premier
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Schools
Schools serving 6016 W 41st Ave
School District:Lake Ridge Schools
| Name | Grades | Distance |
|---|---|---|
Longfellow Elementary School, Gary, IN 45th/Calhoun Sts, Gary, IN 46408 | K-4 | 0.6 mi |
Lake Ridge Middle School 3601 West 41st Avenue, Gary, IN 46408 | 5-8 | 1.5 mi |
Calumet High School, Gary, IN 3900 Calhoun Street, Gary, IN 46408 | 9-12 | 0.2 mi |
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 6016 W 41st Ave
Date
Details
Price
Change
Source
1/30/2026
Sold
$325,000
1.88%
MLS
12/10/2025
Listed
$319,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6016 W 41st Avenue, Gary, IN 46408 (MLS# 831735) is a Multi-Family property that was sold at $325,000 on January 30, 2026. Want to learn more about 6016 W 41st Avenue? 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.

