2059 Williams Street, Gary, IN 46404 (MLS# 834741)

2059 Williams Street, Gary, IN 46404

$610,000

Property Type: Residential Income Bedrooms: 20 Lot Size (sq. ft.): 5,009 Status: Active

Current Price: $610,000 List Date: 3/02/2026 Last Modified: 3/02/2026

Overview

Description

Exceptional investment opportunity! This single-family home portfolio includes six well-maintained residences with strong long-term upside potential. All properties have been consistently cared for, featuring new roofs, newer furnaces, and various interior and mechanical updates, minimizing immediate capital expenses. Current rents are significantly below market value, offering a prime opportunity for investors to increase cash flow through strategic rent adjustments. Ideal for both seasoned investors looking to expand their portfolio and those seeking a stable, value-add opportunity with built-in equity growth. Turnkey condition with major improvements already completed—add value, increase income, and maximize returns from day one..

Listing Details MLS# 834741

General Property Information

New Construction YN: No
Number Of Units Total: 4
Bedrooms Total: 20
Bathrooms Full: 6
Above Grade Finished Area: 5806
Year Built: 1955
Garage YN: No
Lot Size Acres: 0.115
Lot Size Square Feet: 5009
Lot Size Source: Appraiser
Waterfront YN: No
Basement YN: No
Fireplace YN: No

Property Features

Appliances: None Cooling: Individual Flooring: Carpet; Hardwood; Tile Heating: Forced Air Interior Features: Eat-in Kitchen; Laminate Counters Levels: 1-Sty/Ranch/Bungalow Listing Terms: Cash; Conventional Lot Features: Back Yard Owner Pays: Insurance; Taxes Pets Allowed: Yes Possession: Subject To Tenant Rights Rent Includes: None Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: All Utilities; Grounds Care Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected View: Neighborhood Water Source: Public

Contract Information

Auction YN: No
Original List Price: 610000
Lease Considered YN: No
Property Sub Type: Apartment
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Seller to consider offering concessions: Yes
Owner Name: Currin Donell Jr

Location Tax and Legal

Street Number: 2059
Street Name: Williams
Street Suffix: Street
County: Lake
State: IN
Postal Code: 46404
Subdivision Name: Tarrytown First Sub

Remarks and Miscellaneous

Public Remarks: Exceptional investment opportunity! This single-family home portfolio includes six well-maintained residences with strong long-term upside potential. All properties have been consistently cared for, featuring new roofs, newer furnaces, and various interior and mechanical updates, minimizing immediate capital expenses. Current rents are significantly below market value, offering a prime opportunity for investors to increase cash flow through strategic rent adjustments. Ideal for both seasoned investors looking to expand their portfolio and those seeking a stable, value-add opportunity with built-in equity growth. Turnkey condition with major improvements already completed—add value, increase income, and maximize returns from day one..

Status Change Information

Major Change Timestamp: 2026-03-02T17:25:03Z
Major Change Type: New Listing
Status Change Timestamp: 2026-03-02

More Information

Exemption Information

Exemption YN: No

Income and Expenses

Insurance Expense: 4800
Net Operating Income: 52720
Cable TV Expense: 0
Electric Expense: 0
Gardener Expense: 0
Pest Control Expense: 0
Pool Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Total Actual Rent: 0
Trash Expense: 0
Water Expense: 0

Unit Details

Number Of Three Bedroom Units: 6
Number Of Four Bedroom Units: 2

Unit 1

Unit Description: 4135 W 22nd Plaza
Square Feet: 825
Occupied YN: Yes
Rent: 1000
# Of Bedrooms: 3
# Of Full Baths: Yes

Unit 2

Unit Description: 4134 W 22nd Plaza
Square Feet: 825
Occupied YN: Yes
Rent: 900
# Of Bedrooms: 3
# Of Full Baths: Yes

Unit 3

Unit Description: 4144 W 22nd Plaza
Square Feet: 941
Occupied YN: Yes
Rent: 800
# Of Bedrooms: 3
# Of Full Baths: 14240

Unit 4

Unit Description: 4240 W 22 Plaza
Square Feet: 1322
Occupied YN: Yes
Rent: 1000
# Of Bedrooms: 4
# Of Full Baths: Yes

Location, Tax, and Legal

Tax Annual Amount: 958
Tax Year: 2024
Tax Assessed Value: 38200
Tax Legal Description: TARRYTOWN FIRST SUBDIVISION ALL L.40 BL.6
Parcel Number: 450807356020000004
Additional Parcels YN: Yes
Additional Parcels Description: 45-08-18-105-026.000-004 45-08-18-131-009.000-004 45-08-18-130-023.000-004 45-08-18-130-024.000-004
Township: Calumet
Directions: Clark Road to West 21st Ave to Williams
Census Tract: 111

Appliances

None: Yes

Cooling

Individual: Yes

Flooring

Carpet: Yes
Hardwood: Yes
Tile: Yes

Heating

Forced Air: Yes

Interior Features

Eat-in Kitchen: Yes
Laminate Counters: Yes

Levels

1-Sty/Ranch/Bungalow: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Back Yard: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Neighborhood: Yes

Water Source

Public: Yes

Owner Pays

Insurance: Yes
Taxes: Yes

Pets Allowed

Yes: Yes

Rent Includes

None: Yes

Tenant Pays

All Utilities: Yes
Grounds Care: Yes

Listing Office: Coldwell Banker Realty

Last Updated: March - 02 - 2026

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