2315 Industrial Boulevard, Gary, IN 46407
sale
$499,900
|
Other
Courtesy Of Global Real Estate Group, LLC
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.
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Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Amenities: Basement
- Heating System: Forced Air
- Legal Description: DIAMOND PARK SUB BLK 2 LOT 7,8,9
- MLSID: 836660
- Parking Spaces: 5
- Rooms: Basement
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