1162-70 Connecticut Street

Gary, IN 46407

$1,000,000
Price
28
Beds
22
Baths
10,704 Sq. Ft.
$93 / Sq. Ft.
10,704
Sq. Ft.
$93
per Sq. Ft.

Description

Attention investors! Attention investors! Come take a look at this money making machine! The numbers don't lie. This 87% filled multi-unit (17 out of 19 units across two buildings) boast a great CAP rate at roughly 12%. This is a great addition to any mature portfolio. Also, be sure to ask your lender about your possible DSCR options! Call to schedule your walkthrough today!Attention investors! Attention investors! Come take a look at this money making machine! The numbers don't lie. This 87% filled multi-unit (17 out of 19 units across two buildings) boast a great CAP rate at roughly 12%. This is a great addition to any mature portfolio. Also, be sure to ask your lender about your possible DSCR options! Call to schedule your walkthrough today!
  1. Listed by Nakia Dunlap • Residential Premier RealEstate
    P: (219) 678-6543 C: (219) 201-2859 nakiadunlap@residentialpremier.com
  2. Listed by Paul Dunlap • Paul Dunlap
    P: (219) 746-0121 C: (219) 746-0121 teamdunlap@residentialpremier.com

Property Details for 1162-70 Connecticut Street

Subdivision
Gary Land Companys 10
Garage # of Cars
0

Location

Listing Courtesy of Residential Premier RealEstate; Paul Dunlap
Add your commute
LISTING UPDATED: 02/28/2024 04:38 PM

Property Details for 1162-70 Connecticut Street

StatusActive
MLS #544852
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Unit/Income
Year Built1927
Lot Size0.23 AC / 10,062 SF
CountyLake County

Location

Listing Courtesy of Residential Premier RealEstate; Paul Dunlap
Add your commute

Building Information for 1162-70 Connecticut Street

Stories-Residences19Year Built1927Building Size-Lot Size0.23 AC / 10,062 SF

Payment Calculator

$5,457 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1162-70 Connecticut Street

Summary
Location and General Information
  • Directions: North or South on Broadway; East on 13th Ave. Property on the North corner of 13th and Connecticut.
  • Cross Street Address: 13th Ave
  • City/Town: Gary
  • State: IN
  • Township: Calumet
  • ZIP: 46407
  • Latitude: 41.59
  • Longitude: -87.33
  • County: Lake
Taxes and HOA
  • APN/Key #: 450810152016000004
  • Tax Legal Description: Legal Description: GARY LAND COS 10TH SUB BLK 14 LOTS 24,25 & S1/2 LOT 26
Parking
  • Garage Description: None
  • Carport - # of Cars: 0
Property
Lot Information
  • Lot Square Footage: 10,062.00
  • Lot Dimensions: 48x125
  • Square Footage: 10704.0
  • Square Footage Source: Assessor
  • Acres: .23
Property and Assessments
  • Property Type: Residential Income
  • Year Built: 1927
Utilities
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
Interior Features
  • Basement Type: Full
  • Basement: Yes
  • Total Full Baths: 22
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 22
  • Bedrooms: 28
  • Equipment: Satellite Dish
  • Interior Features: Elevator
  • Total # of Rooms: 0
Multi Family
Multi-Family Information
  • # of Units: 19
Rental
Rental Information
  • TenantPays: Electricity, Gas, Sewer, Water

Property History for 1162-70 Connecticut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1162-70 Connecticut 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 6
Rating
School
Distance
Daniel Hale Williams Elementary School
PublicK to 5

Gary Middle School
Public6 to 8

West Side Leadership Academy
Public9 to 12

Jefferson Elementary School
PublicK to 6

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

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1162-70 Connecticut Street is a multi-family home for sale in Gary, IN 46407. This property was listed for sale on February 10, 2024 by Residential Premier RealEstate, it's currently listed at $1,000,000. 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. 1162-70 Connecticut Street is a 28-bed, 22-bath, 10,704 sqft multi-family home built in 1927.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Residential Premier RealEstate; Paul Dunlap

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association, Northwest Indiana REALTORS® AssociationSoutheastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.