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Sold on 04/12/2024

1061 Van Buren St, Gary, IN 46402

$88,000

Last sold 04/12/2024 for $54.9K

  • 4

    bed

  • 2

    bath

  • 1,791

    Sqft ($31/Sqft)

Multi-family not for sale
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About 1061 Van Buren St

Property type Multi-family
Neighborhood
Year built 1927
HOA fee $0/month
Lot size 3,615 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
Welcome to your next real estate investment! A fully rented two-unit property that's ready to generate steady income while offering potential for value appreciation.This property boasts two fully rented units, one tenant is on month to month and the other tenant has a year lease. While it's already a cash flow generator, a few repairs can elevate its value even further, allowing you to maximize your return on investment. While the garage may need some work, it's a valuable asset. This property has a spacious basement, offering an untapped resource for additional storage or potential expansion.With both units already occupied, you can enjoy immediate rental income from day one. The property's consistent rental history assures a reliable cash flow stream, providing you with peace of mind as you build your real estate portfolio. Schedule your showing today! Property being Sold As Is''.
Listed by
Listing Agent - Sharae Wesson
Listing Agent Contact: (219) 902-6181
Listing Office - SLW Realty Group Corporation
Source: NIRA mls logo
MLS#539948 • last updated 2 years ago
Movoto checked NIRA for data 3 minutes ago
Overview
Type Residential Income
SubType Duplex
SqFt 1791
Status Closed
MLS # 539948
Lot Size (Acres) 0.083
Lot Size (SqFt) 3615
Property Tax 1129
Year Built 1927
Interior
Total # of Bathrooms 2
# of Full Baths 2
# Bedrooms 4
Total # of Rooms 9
Interior Features Elevator
Exterior
Parking Desc Detached
# Garage Spaces 2
Lot Dimensions 30x121
Amenities / Utilities
Utilities Electricity Available, Natural Gas Available, Sewer Available
Water Source Public
Location
County Lake
Subdivision Gary Land Companys 11
Directions Broadway To 11th Ave, West On 11th Ave To VanBuren, North On VanBuren To Property.
APN 450809206006000000
Multifamily Details
Owner Pays Sewer, Water
Total Rent 19200
Net Operating Income 14171
$88K
Range: $82.7K-$93.2K
Last 30 days 
  • Jul 2026
    mls logo MLS # 842625
  • Jul 21, 2026 Listed
    $95,000 (+73.0%)
  • Apr 2024
    mls logo MLS # 539948
  • Apr 12, 2024 Sold
    $54,900
  • Dec 22, 2023 Price Change
    $70,000 (-6.7%)
  • Oct 10, 2023 Listed
    $75,000
  • Oct 9, 2023 Listed
    $75,000 (+201.2%)
  • Mar 2024
    Public Records
  • Mar 26, 2024 Sold
    $54,900 (+785.5%)
  • Feb 2024
    mls logo MLS # 56247
  • Feb 26, 2024 Sold
    $6,200 (-74.2%)
  • Feb 5, 2002 Listed
    $9,900
  • Feb 2024
    mls logo MLS # 172654
  • Feb 26, 2024 Sold
    $24,000 (-65.7%)
  • Nov 8, 2006 Listed
    $24,900 (+151.5%)
  • Year Property taxes Tax assessment
  • 2024
    $1,341 -70.1%
    $52,100 +2.56%
  • 2023
    $4,479 +182.6%
    $50,800
  • 2022
    $1,585 -56.2%
    $50,800 +21.82%
  • 2021
    $3,622 +12.0%
    $41,700 +8.59%
  • 2020
    $3,234 +265.4%
    $38,400 +4.63%
  • 2019
    $885 -22.7%
    $36,700 -7.32%
  • 2018
    $1,145 +4.1%
    $39,600 -20.16%
  • 2017
    $1,100 -2.1%
    $49,600 -2.55%
  • 2016
    $1,123
    $50,900 -4.32%
  • 2015
    $1,123 -19.9%
    $53,200
  • 2014
    $1,402
    —
  • 1061 Van Buren St
    $54.9K
  • Midtown
    $76.9K -21% y/y
  • 46402
    $79.9K -33% y/y
  • Gary
    $129K -4% y/y
No chart available
Statistics calculated by Movoto

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3/10
Beveridge Elementary School
public Grades K-5
Gary Community School Corp
3/10
Gary Middle School
public Grades 6-8
Gary Community School Corp
1/10
West Side Leadership Academy
public Grades 9-12
Gary Community School Corp
Source: GreatSchools.org © 2026. All rights reserved.

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