Movoto Real Estate
Sold on 02/28/2024

3798 Garfield St, Gary, IN 46408

  • $371,000

    Last sold 02/28/2024 for $160K

  • 10

    bed

  • 6

    bath

  • 12,500

    Sqft ($13/Sqft)

Multi-family not for sale
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About 3798 Garfield St

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 0.29 Acre
Movoto estimate
Property description
Here is a Money Making 6 unit all Brick Apartment Complex with two store fronts. Priced $35,000 under assessed value. Currently all units are occupied. Two store fronts Features 6,500 sqft of General office space that was rented out for 12 years to a Children's Day Care School for $2,200 month. Other store front was rented to Limousine service company for $ 1,000 a month. The 6 unit above have all new Mechanicals, Newer Windows, Roof is 3 yrs old, All appliances stay with there own washer and dryers in each unit. Tenants pay all there own utilities except water & sewer. Easy access to major Highways & stores with private Park across street. Complex sits in a private location with new Streets and Sidewalks currently being put in.
Listed by
Listing Agent - Pete LaSalle
Listing Office - Generic Office
Source: NIRA mls logo
MLS#266979 • last updated 2 years ago
Movoto checked NIRA for data 1 hour ago
Overview
Heating Forced Air, Natural Gas
Type Residential Income
SqFt 12500
Status Closed
MLS # 266979
Lot Size (Acres) 0.29
Lot Size (SqFt) 12632
Year Built 1962
Interior
Total # of Bathrooms 6
# of Full Baths 6
# Bedrooms 10
Total # of Rooms 36
Laundry In Unit, Other
Interior Features Elevator
Appliances Dishwasher, Dryer, Range, Refrigerator, Washer
Exterior
Parking Desc None
# of Parking Spaces 32
Lot Dimensions 100x125
Amenities / Utilities
Utilities Cable Available, Sewer Available
Water Source Public
Location
County Lake
Subdivision None
High School District Lake Ridge
Directions West On Ridge Road 37th Ave To Grant St.North On Grant St To 38th Ave, West On 38th Ave To Property.
APN 450829227019000000
Multifamily Details
Gross Scheduled Income 74400
Total Rent 3200
Net Operating Income 57400
Gross Income 3000
Lot/ Land Details
Road Surface Asphalt
$371K
Range: $244K-$497K
Last 30 days 
  • Feb 2024
    mls logo MLS # 266979
  • Feb 28, 2024 Sold
    $160,000 (-3.0%)
  • Jun 23, 2010 Listed
    $165,000
  • Year Property taxes Tax assessment
  • 2024
    $5,200 -66.4%
    $135,000 -26.55%
  • 2023
    $15,496 +225.7%
    $183,800 -3.31%
  • 2022
    $4,758 -69.8%
    $190,100
  • 2021
    $15,751 +8.2%
    $190,100 +7.46%
  • 2020
    $14,552 +189.5%
    $176,900
  • 2019
    $5,027
    $176,900
  • 3798 Garfield St
    $160K
  • Black Oak
    $135K +86% y/y
  • 46408
    $139K -4% y/y
  • Gary
    $124K -5% y/y
No chart available
Statistics calculated by Movoto

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3/10
Source: GreatSchools.org © 2026. All rights reserved.

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