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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.

Overview

Property Status
Sold
MLS ID
831735
Property Type
Other
Year Built
1967

Features & Amenities

Sales Price
$325,000

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6016 W 41st Avenue, Gary, IN

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for your interest in 4 units | Sold for $325,000 | Sold Jan 2026, Gary, IN 46408

6016 W 41st Avenue, Gary, IN
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6016 W 41st Avenue, Gary, IN

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