2315 Industrial Boulevard, Gary, IN 46407

• 6,457 sqft

Property Description

Exceptional 6-Unit Investment Opportunity with Major Upside! Rare chance to acquire a high-potential multifamily asset featuring 2 buildings on one lot in a prime location near major expressways and commuter routes. The main 2-story building offers 5 apartment units that are 989 sqft each. The 1st and 2nd floor apartments boast 10' ceilings and each feature a spacious living room and kitchen, 2 bedrooms and 1 bathroom. The basement level features a newly renovated 3 bedroom, 1 bath apartment and a utility room. The 6th unit is a detached single-family home with value-add potential that can be rehabbed or demolished to maximize the site's future use. This property is zoned for up to 9 units, creating a tremendous opportunity for investors, developers, or owner-operators looking to expand cash flow and increase long-term value. The 5-unit building has seen numerous updates, including renovated units and updated HVAC systems, offering a strong foundation for immediate income production. All units are currently vacant, allowing flexibility for the next owner, but units are expected to be leased during the sale process, making this an ideal opportunity to secure a property with both stabilization potential and future development upside. With multiple income streams, strong location appeal, and significant room for increased returns, this is a rare value-add asset with huge income potential. Don't miss this exceptional opportunity to own a multifamily property with redevelopment possibilities and serious upside! This property is being sold as-is. The seller will not make any repairs.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 6:20PM

Listing Office:

The Jaeger Group, LLC : (219) 796-0449

Listing Agent:

Lakia Hasenjaeger :

MLS ID:

836660

Interior

• General: Ceiling Fan(s)Open Floorplan
• Basement: Finished
• Heating: Forced Air

Exterior

• Parking: On StreetParking spaces: 5

Location

• Originating MLS: nira
• County: Lake

Lot

• Zoning: DIAMOND PARK SUB BLK 2 LOT 789450815179003000004
• View: Neighborhood

Utilities

• Utilities: Electricity ConnectedWater ConnectedSewer ConnectedNatural Gas Connected100 Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira