2480 Sullivan Street, Lake Station, IN 46405 - Photo 1

1/1

$195,000

Sold
Closed
Multi-Family
4 Total Beds
Updated 2 days ago

1/1

Property Description

Fantastic opportunity for investors or owner-occupants looking to offset their mortgage with rental income! This well-maintained two-unit property offers spacious layouts and great income potential. The main level unit features 2 bedrooms, 1 full bath, kitchen, and an open living/dining room combo, plus access to a full basement with laundry hookups and additional storage space. The upper-level unit also offers 2 bedrooms, 1 full bath, kitchen, and an open concept living/dining room combo, along with a dedicated laundry room/closet. Large backyard provides plenty of outdoor space for entertaining, relaxing, extra parking or future possibilities. Whether you're looking to expand your investment portfolio or live in one unit while the tenant helps pay the mortgage, this property is full of potential!

Full Property Details

Full Property Details for 2480 Sullivan St

General

Sold For: $195,000
Taxes: $3,449 (2024)
Status: Closed
Type: Multi-Family
Source: GNIAR
MLS ID: 838865
Added to Site: 49 day(s) ago

Interior

Interior Features: Ceiling Fan(s), Open Floorplan
Appliances: Range, Refrigerator

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 4

Parking

Parking Features: Asphalt, On Street

Location

County: Lake
Township: Hobart
Subdivision: East Gary R
Driving Directions: Take Ripley st to Central turn left (east) on Central, take central ave to Sullivan St, turn right (south) .. home is on the right

Heating & Cooling

Heating Type: Forced Air, Natural Gas

Structural Information

Year Built: 1920

Lot Features

Lot Size (Acres): 0.114
Lot Size (Sq. Ft.): 4,966
Lot Features: Back Yard

Financial Considerations

Tax Amount: $3,449
Tax Year: 2024
Terms: Cash, VA Loan, FHA, Conventional

Disclosures and Reports

Legal Description: E. GARY REAL ESTATE CO'S. 1ST ADD. ALL L.18 BL.8
Property ID: 450916182030000021

Listed by Realty Executives Premier
Sold by Realest.com

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Schools

Schools serving 2480 Sullivan St

School District:Lake Station Community Schools

Name	Grades	Distance
Virgil I Bailey Elementary School 2100 Union Street, Lake Station, IN 46405	K-6	0.5 mi
Thomas A Edison Jr-Sr High School 3304 Parkside Avenue, Lake Station, IN 46405	7-12	0.6 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 2480 Sullivan St

Date

Details

Price

Change

Source

6/29/2026

Sold

$195,000

-2.45%

MLS

5/14/2026

Listed

$199,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths
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Sq. Ft.

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Beds
3
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Price Reduced

-$5,000 (-1.39%)

$354,990

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Updated 1 day ago

3
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3
Total Baths
1,818
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$293,999

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Updated 4 days ago

4
Beds
3
Total Baths
1,711
Sq. Ft.

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Active
Updated 1 day ago

4
Beds
3
Total Baths
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Price Reduced

-$5,000 (-1.75%)

$280,000

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Single Family
Active
Updated 3 days ago

3
Beds
2
Total Baths
1,660
Sq. Ft.

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$171,200

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Single Family
Closed

3
Beds
1
Total Bath
900
Sq. Ft.

Listed by Dream Team Agents, LLC
Sold by Century 21 Circle

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Sold

$192,500

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Single Family
Closed

3
Beds
2
Total Baths
1,904
Sq. Ft.

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Sold

$209,449

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Single Family
Closed

3
Beds
1
Total Bath
1,202
Sq. Ft.

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Sold

$199,900

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Single Family
Closed
Updated 1 day ago

3
Beds
1
Total Bath
1,408
Sq. Ft.

Listed by McColly Real Estate
Sold by Blackrock Real Estate Services

2480 Sullivan Street, Lake Station, IN 46405 (MLS# 838865) is a Multi-Family property that was sold at $195,000 on June 29, 2026. Want to learn more about 2480 Sullivan Street? Do you have questions about finding other Multi-Family real estate for sale in Lake Station? You can browse all Lake Station real estate or contact a Coldwell Banker agent to request more information.

2480 Sullivan St Lake Station, IN 46405