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Sold on 02/28/2024
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601 Delaware St, Gary, IN 46402

$580,000

Last sold 02/28/2024 for $45K

  • 10

    bed

  • 4

    bath

  • 9,653

    Sqft ($5/Sqft)

Multi-family not for sale
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About 601 Delaware St

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 7,492 Sqft
Movoto estimate
Property description
INVESTOR! INVESTORS! INVESTORS! Add this 8 unit property to your portfolioASAP! 4 units are currently rented and the other 4 are not.There are 4 units that have been totally gutted (down to the studs) and restored. The other 4 units break down as follows: Two units have been gutted down to the stud;awaitingyour finishing touches and the last two are in their original condition (all can be remodeled into 3 bed rooms and possibly two baths). All remodeled units boasts their own mechanicals (furnace, hot water heater).
Listed by
Listing Agent - Nakia Dunlap
Listing Office - Residential Premier RealEstate
Source: NIRA mls logo
MLS#530715 • last updated 2 years ago
Movoto checked NIRA for data 4 hours ago
Overview
Type Residential Income
SqFt 9653
Status Closed
MLS # 530715
Lot Size (Acres) 0.172
Lot Size (SqFt) 7492
Year Built 1920
Interior
Total # of Bathrooms 4
# of Full Baths 4
# Bedrooms 10
Total # of Rooms 16
Interior Features Elevator
Exterior
Parking Desc None
Lot Dimensions Irregular
Fencing Fenced
Amenities / Utilities
Utilities Electricity Available, Natural Gas Available, Sewer Available
Water Source Public
Location
County Lake
Subdivision Gary Land Companys 1
Directions Broadway To 6th Ave. East On 6th. Building On The Corner Of Delaware On Your Right Side; Across The Street From The Park To The West.
APN 450803330001000000
Multifamily Details
Total Rent 32828
Net Operating Income 18087
$580K
Range: $510K-$649K
Last 30 days 
  • Feb 2024
    mls logo MLS # 402137
  • Feb 28, 2024 Sold
    $45,000 (-84.2%)
  • Sep 22, 2016 Listed
    $75,000
  • Feb 2024
    mls logo MLS # 530715
  • Feb 26, 2024 Sold
    $285,000 (+26.7%)
  • Jul 1, 2023 Active
    —
  • May 17, 2023 Listed
    $325,000 (+44.4%)
  • Feb 2024
    mls logo MLS # 452631
  • Feb 25, 2024 Sold
    $225,000 (-30.8%)
  • Apr 22, 2019 Listed
    $225,000 (+400.0%)
  • Jan 2017
    Public Records
  • Jan 31, 2017 Sold
    $45,000 (-40.0%)
  • Year Property taxes Tax assessment
  • 2024
    $5,233 -70.4%
    $294,800 +47.11%
  • 2023
    $17,669 +63.6%
    $200,400 -3.47%
  • 2022
    $10,803 -41.1%
    $207,600
  • 2021
    $18,355 +7.0%
    $207,600 +6.68%
  • 2020
    $17,146 +321.1%
    $194,600
  • 2019
    $4,072
    $194,600
  • 601 Delaware St
    $45K
  • Downtown Gary
    $74.9K -28% y/y
  • 46402
    $69.9K -41% y/y
  • Gary
    $125K -7% y/y
No chart available
Statistics calculated by Movoto

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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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