816 Pennsylvania Street, Gary, IN 46402

• 7,221 sqft

Property Description

Turnkey investment opportunity in Gary, Indiana! This fully renovated 8-unit building is already 7 out of 8 units rented, offering immediate and reliable income with minimal lease-up needed. The property features a desirable mix of one-, two-, and three-bedroom units, appealing to a wide range of tenants. The photos provided showcase the property post-rehab, prior to the current tenants moving in--highlighting the quality of renovations and thoughtful updates throughout. Modern improvements blend seamlessly with original character details, including charming built-ins and classic woodwork. Ideally located with convenient access to IN-53, I-65, and I-80/94, this property is well-positioned for commuters and continued tenant demand. With strong occupancy and a growing rental market, this is a solid, income-producing addition to any portfolio. Schedule your showing today! Property sold AS IS.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 6:20PM

Listing Office:

Property Boss : (219) 801-6123

Listing Agent:

Kiyah Marshall :

MLS ID:

836606

Interior

• Basement: Partially FinishedUnfinished
• Heating: Forced Air

Exterior

• General: Other
• Parking: DrivewayOn StreetParking spaces: 0

Location

• Originating MLS: nira
• County: Lake

Lot

• Zoning: GARY LAND CO'S 1ST SUB. L.26 B.14450803357014000004
• View: Neighborhood

Utilities

• Utilities: OtherOther
• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira