601 Delaware St

Beds
Baths
9,656 Sq. Ft.
$63 / Sq. Ft.
9,656
Sq. Ft.
$63
per Sq. Ft.

Description

Attention all investors! Add this beauty to your portfolio! Nestled in the heart of downtown Gary, this building offers endless opportunities to increase your cash flow. This brick building offers 8 fully rehabbed units (northside offers open concept and the southside offers a more traditional layout). All units are two bedrooms w/ 1 bath but 1 bedroom is the size of two! All properties have been remodeled down to the bones with new furnaces and water heaters in every unit along with new cabinets...Attention all investors! Add this beauty to your portfolio! Nestled in the heart of downtown Gary, this building offers endless opportunities to increase your cash flow. This brick building offers 8 fully rehabbed units (northside offers open concept and the southside offers a more traditional layout). All units are two bedrooms w/ 1 bath but 1 bedroom is the size of two! All properties have been remodeled down to the bones with new furnaces and water heaters in every unit along with new cabinets as well. There are also new windows on the south side of the building 6 units renting at/ for 1100 and 1 unit rented at 900 and the other at 1000 (that's a grand total of 8500 per month in rental income). The seller is also willing to package another single family rental along with this property. The address is 5025 e 13th Ave in Gary Indiana.
  1. Listed by Paul Dunlap • Residential Premier RealEstate
    P: (219)-746-0121 C: (219)-746-0121 teamdunlap@residentialpremier.com
  2. Listed by Nakia Dunlap • Nakia J. Dunlap
    P: (219)-201-2859 C: (219)-201-2859 nakiadunlap@residentialpremier.com

Property Details for 601 Delaware Street

Subdivision
Gary Land Companys 01
LISTING UPDATED: 04/06/2026 06:01 PM

Property Details for 601 Delaware Street

StatusActive
MLS #836619
Days on Market1
Taxes$7,394 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1920
Lot Size0.17 AC / 7,492 SF
CountyLake County

Location

Listing Courtesy of Residential Premier RealEstate; Nakia J. Dunlap
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Building Information for 601 Delaware Street

Stories-Residences8Year Built1920Building Size-Lot Size0.17 AC / 7,492 SF

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$3,688 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,072

Property Taxes

$616

HOA Dues

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Property Information for 601 Delaware Street

Summary
Location and General Information
  • Directions: Take 5th Ave (Route 20) east to Delaware; turn south on Delaware. Property is located on the left corner (southeast corner) across the street from Buffington Park
  • City/Town: Gary
  • State: IN
  • Township: Calumet
  • ZIP: 46402
  • Latitude: 41.60
  • Longitude: -87.33
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $7,394.00
  • APN/Key #: 450803330001000004
  • Tax Year: 2024
  • Tax Legal Description: GARY LAND CO'S. 1ST SUB. ALL L.1 & L.2 BL.64
Parking
  • Garage Description: Alley Access, On Street
Property
Lot Information
  • Lot Square Footage: 7,492.00
  • Square Footage: 9656.0
  • Acres: .17
Property and Assessments
  • Property Type: Commercial Sale
  • Property Subtype 1: Multi Family
  • Year Built: 1920
  • Lot Description: Back Yard, Private, Paved, Landscaped, Corner Lot
  • Potential Use: Multi-Family
  • Current Use: Multi-Family
Utilities
  • Utilities: Electricity Connected, Water Connected, Sewer Connected
  • Electric: 200+ Amp Service, Circuit Breakers
Interior and Exterior Features
Exterior Features
  • Exterior Features: Private Yard, Rain Gutters
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Appliances: Gas Range, Refrigerator, Microwave, Gas Water Heater
  • Basement Type: Storage Space, Unfinished
  • Basement: Yes
  • Cooling: None
  • Flooring: Laminate, Vinyl
  • Heat Type: Forced Air, Natural Gas
  • Interior Features: Open Floorplan, Recessed Lighting, Pantry
  • Roof: Asphalt
Multi Family
Multi-Family Information
  • # of Units: 8
Rental
Rental Information
  • TenantPays: Electricity, Repairs, Gas

Property History for 601 Delaware Street

DateEvent & SourcePriceAppreciation
Apr 6, 2026

Listed (Active)

Northwest Indiana REALTORS® Association #836619

$610,000
Oct 6, 2023

Sold

Northwest Indiana REALTORS® Association #530715

$285,000
Oct 6, 2023

Sold

Northwest Indiana REALTORS® Association #530715

$285,000
Jul 1, 2023

In Contract

Northwest Indiana REALTORS® Association #530715

Jun 30, 2023

Pending

Northwest Indiana REALTORS® Association #530715

Jun 30, 2023

In Contract

Northwest Indiana REALTORS® Association #530715

May 17, 2023

Listed (Active)

Northwest Indiana REALTORS® Association #530715

$325,000
May 17, 2023

Listed (Active)

Northwest Indiana REALTORS® Association #530715

$325,000
Apr 23, 2019

Sold (Public Record)

Public Record #644449291

$225,000

+104.8% / yr

Apr 23, 2019

Sold

Greater Northwest Indiana Association of REALTORS #452631

$225,000
Apr 23, 2019

Pending

Greater Northwest Indiana Association of REALTORS #452631

Apr 22, 2019

Listed (Active)

Greater Northwest Indiana Association of REALTORS #452631

$225,000
Jan 23, 2017

Sold (Public Record)

Public Record #592081646

$45,000
Jan 23, 2017

Sold

Northwest Indiana REALTORS® Association #402137

$45,000
Jan 23, 2017

Pending

Northwest Indiana REALTORS® Association #402137

Jan 23, 2017

Sold

Northwest Indiana REALTORS® Association #402137

$45,000
Jan 23, 2017

In Contract

Northwest Indiana REALTORS® Association #402137

Dec 28, 2016

Pending

Northwest Indiana REALTORS® Association #402137

Dec 28, 2016

In Contract

Northwest Indiana REALTORS® Association #402137

Sep 22, 2016

Price Change

Northwest Indiana REALTORS® Association #402137

$75,000
Sep 22, 2016

Listed (Active)

Northwest Indiana REALTORS® Association #402137

$85,000
DateEvent & SourcePrice
04/06/2026

Listed (Active)

Northwest Indiana REALTORS® Association #836619

$610,000
10/06/2023

Sold

Northwest Indiana REALTORS® Association #530715

$285,000
10/06/2023

Sold

Northwest Indiana REALTORS® Association #530715

$285,000
07/01/2023

In Contract

Northwest Indiana REALTORS® Association #530715

06/30/2023

Pending

Northwest Indiana REALTORS® Association #530715

06/30/2023

In Contract

Northwest Indiana REALTORS® Association #530715

05/17/2023

Listed (Active)

Northwest Indiana REALTORS® Association #530715

$325,000
05/17/2023

Listed (Active)

Northwest Indiana REALTORS® Association #530715

$325,000
04/23/2019

Sold (Public Record)

Public Record #644449291

$225,000

+104.8% / yr

04/23/2019

Sold

Greater Northwest Indiana Association of REALTORS #452631

$225,000
04/23/2019

Pending

Greater Northwest Indiana Association of REALTORS #452631

04/22/2019

Listed (Active)

Greater Northwest Indiana Association of REALTORS #452631

$225,000
01/23/2017

Sold (Public Record)

Public Record #592081646

$45,000
01/23/2017

Sold

Northwest Indiana REALTORS® Association #402137

$45,000
01/23/2017

Pending

Northwest Indiana REALTORS® Association #402137

01/23/2017

Sold

Northwest Indiana REALTORS® Association #402137

$45,000
01/23/2017

In Contract

Northwest Indiana REALTORS® Association #402137

12/28/2016

Pending

Northwest Indiana REALTORS® Association #402137

12/28/2016

In Contract

Northwest Indiana REALTORS® Association #402137

09/22/2016

Price Change

Northwest Indiana REALTORS® Association #402137

$75,000
09/22/2016

Listed (Active)

Northwest Indiana REALTORS® Association #402137

$85,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 601 Delaware Street

Taxable ValueLand$5,600Additions$296,600Total$302,200
Tax Record2024$5,233 ($436 / month)
Home Facts
Total Finished SqFt9,656 SqFtAbove Grade Finished SqFt9,656 SqFtStories4Lot Size7,492 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1980CountyLAKEAPN45-08-03-330-001.000-004

Schools near 601 Delaware Street

This home is within Gary Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Daniel Hale Williams Elementary School
PublicK to 5

Gary Middle School
Public6 to 8

West Side Leadership Academy
Public9 to 12

Gary Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

601 Delaware Street is a multi-family home for sale in Gary, IN 46402. This property was listed for sale on April 6, 2026 by Residential Premier RealEstate, it's currently listed at $610,000. It has been on the market for a total of 0 days and was last sold on October 6, 2023. This listing's school district is Gary Community School Corp. Nearby schools include Daniel Hale Williams Elementary School, Gary Middle School and West Side Leadership Academy. 601 Delaware Street is a 0-bed, 0-bath, 9,656 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Residential Premier RealEstate; Nakia J. Dunlap

Based on information submitted to the MLS GRID as of 04/06/2026 06:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.