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1162-70 Connecticut Street, Gary, IN 46407

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For Sale

$1,000,000

28 beds22 baths

Estimated Payment

$ 5,381 /mo.

6.63% APR for 30 yrs.
$3,066 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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!!!!!!!
MLS# 813932

Courtesy Of Residential Premier Real Estate

(219) 682-1058

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Range, Range - Gas, Refrigerator
  • Architecture Style
    Other
  • Lot Size
    0.23 Acres
  • Rooms
    Basement

Home seller CENTURY 21 Circle

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

Mortgage Calculator

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Loan Term
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$ /year
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Monthly Payment Breakdown

  • Principle and Interest
    $5,125
  • Property Taxes
    $255
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $5,381

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Daniel Hale Williams Elementary School

Grades KG-5 Public School


Gary, IN 46407 0.8 miles
1320 e 19th ave

553 total students
19:1 Student teacher ratio

Gary Middle School For The Visual And Preforming Arts

Grades 6-8 Public School


Gary, IN 46403 4.8 miles
301 n parke st

458 total students
15:1 Student teacher ratio

West Side Leadership Academy

Grades 9-12 Public School


Gary, IN 46406 3.8 miles
9th & gerry st

1193 total students
18:1 Student teacher ratio

Other Nearby Schools Distance Type Grades School Rating
21st Century Charter School Of Gary 0.8 miles Public KG-12 D+
Gary Middle College 0.8 miles Public 9-12 F
Thea Bowman Leadership Academy 1 miles Public KG-12 D
Beveridge Elementary School 1.4 miles Public KG-5 D+
Gary Career Center 2.6 miles Public KG-12
Mccullough Academy 2.6 miles Public KG-5 D+
Gary Middle College West 2.8 miles Public 10-12
Steel City Academy 2.9 miles Public KG-12 D+
My Safari Preparatory Academy 3 miles Private KG
Gary Lighthouse Charter School 3 miles Public KG-12 C-
Henry S Evans Elementary School 3.1 miles Public KG-5 C
Aspire Charter Academy 3.2 miles Public KG-8 C+
River Forest High School 3.6 miles Public 9-12 D-
Repairer Of The Breach Ministries (d211) 3.6 miles Private PK-9
River Forest Middle School 3.7 miles Public 6-8 D+
Bailly Stem Academy 3.8 miles Public 6-8 D+
Alexander Hamilton Elementary School 3.9 miles Public KG-5 B

21st Century Charter School Of Gary

Distance: 0.8 miles

Type Public

Grades: KG-12

D+

Gary Middle College

Distance: 0.8 miles

Type Public

Grades: 9-12

F

Thea Bowman Leadership Academy

Distance: 1 miles

Type Public

Grades: KG-12

D

Beveridge Elementary School

Distance: 1.4 miles

Type Public

Grades: KG-5

D+

Gary Career Center

Distance: 2.6 miles

Type Public

Grades: KG-12

Mccullough Academy

Distance: 2.6 miles

Type Public

Grades: KG-5

D+

Gary Middle College West

Distance: 2.8 miles

Type Public

Grades: 10-12

Steel City Academy

Distance: 2.9 miles

Type Public

Grades: KG-12

D+

My Safari Preparatory Academy

Distance: 3 miles

Type Private

Grades: KG

Gary Lighthouse Charter School

Distance: 3 miles

Type Public

Grades: KG-12

C-

Henry S Evans Elementary School

Distance: 3.1 miles

Type Public

Grades: KG-5

C

Aspire Charter Academy

Distance: 3.2 miles

Type Public

Grades: KG-8

C+

River Forest High School

Distance: 3.6 miles

Type Public

Grades: 9-12

D-

Repairer Of The Breach Ministries (d211)

Distance: 3.6 miles

Type Private

Grades: PK-9

River Forest Middle School

Distance: 3.7 miles

Type Public

Grades: 6-8

D+

Bailly Stem Academy

Distance: 3.8 miles

Type Public

Grades: 6-8

D+

Alexander Hamilton Elementary School

Distance: 3.9 miles

Type Public

Grades: KG-5

B

Local area information for Gary, IN 46407

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Gary, IN 46407

This community’s employment is highest in the education and food industries. The area’s overall household expenses are below the national average.

85° July
Hottest Average Month

17° January
Coldest Average Month
3,967 Total Households in Area
29.1%
of households
have children
31 minutes
Median Commute Time

Household Expenses vs National Average

Demographic facts
for Gary, IN 46407

Gary, IN 46407 has a population of 9,025 people in 3,967 households with a median age of 39.5 years old.

Down -0%
Decrease in population
since the year 2010

Population is Trending down
4,019
Total households as of 2010
Up
1.4%

Community Population By Age

Community Population By Ethnicity

Black 91%
Hispanic 4%
White 3%
Other 2%
Native American <1%
Asian <1%

Economics
for Gary, IN 46407

2,059 /sq mi
Population Density
$33,259 /yr
Median Household Income
$106,281
Median Sales Price
31 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 85%
  • Walk or Bike 8%
  • Work from Home 4%
  • Public Transit 3%

Occupancy by Type

Rented 2,207 37%
Vacant 1,918 33%
Owned 1,760 30%

White vs Blue Collar Jobs







White Collar 58%
Blue Collar 42%

Family & Education Facts
for Gary, IN 46407

39.5 Median Age

Average Household Size

2.3
persons per
household

14.6%

Married Households

Community Population By Education

High School Graduate 39%
Some College 21%
Some High School 19%
Associates Degree 9%
Bachelors Degree 7%
Graduate Degree 4%

Household Family Expenses vs National Average

29.1% of households have children

Weather
for Gary, IN 46407

The weather for this area ranges from a high of 85° F in July to a low of 17° F in January

85° July
Hottest Average Month
17° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
17°
32°
Feb
20°
36°
Mar
29°
46°
Apr
39°
59°
May
49°
70°
Jun
59°
80°
Jul
64°
85°
Aug
62°
83°
Sep
55°
76°
Oct
44°
64°
Nov
33°
49°
Dec
22°
36°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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