5125 Georgia Street, Gary, IN 46409
$2,900,000
Property Type:
Commercial Sale
Square Footage:
30,045
Lot Size (sq. ft.):
35,893
Status:
Pending
Current Price:
$2,900,000
List Date:
4/15/2026
Last Modified:
4/16/2026
Overview
Description
Listing Details MLS# 837077
General Property Information
- Number Of Units Total
- 30
- Living Area
- 30045
- Building Area Source
- Assessor
- Year Built
- 1966
- Lot Size Acres
- 0.824
- Lot Size Square Feet
- 35893
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- No
- Stories
- 2
- Parking Total
- 0
Property Features
Building Features:
Enclosed Stair(s); Exterior Lighting
Business Type:
Other
Construction Materials:
Brick
Cooling:
Central Air
Current Use:
Residential
Electric:
200+ Amp Service
Flooring:
Vinyl
Heating:
Forced Air
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Listing Terms:
Cash; Conventional; FHA; VA Loan
Owner Pays:
Sewer; Trash Collection; Water
Parking Features:
Additional Parking
Possession:
Close Of Escrow
Rail Availability:
None
Roof:
Asphalt
Sewer:
Public Sewer
Special Licenses:
None
Special Listing Conditions:
None
Tenant Pays:
Electricity; Gas
Utilities:
None
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 2900000
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Dad Properties LLC
- Occupant Type
- Owner
Location Tax and Legal
- Street Number
- 5125
- Street Name
- Georgia
- Street Suffix
- Street
- County
- Lake
- State
- IN
- Postal Code
- 46409
- Subdivision Name
- Gerritt Add
Remarks and Miscellaneous
- Public Remarks
- Fully renovated 30-unit multifamily property at 5125 Georgia in Gary, Indiana, offered at 2,900,000. Each unit features modern updates, individual appliances, washer/dryer hookups, and separate furnaces, minimizing owner expenses and maximizing tenant appeal. Ideal for investors seeking a stabilized asset with strong cash flow and upside through rent growth. Rare turnkey opportunity of this size and condition.
Status Change Information
- Major Change Timestamp
- 2026-04-16T18:37:17Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-04-16
- Offer Acceptance Date
- 2026-04-16
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- Call Agent to schedule
Location, Tax, and Legal
- Tax Annual Amount
- 27855
- Tax Year
- 2026
- Tax Legal Description
- GERRIT ADDITION ALL LOTS 24 TO 28
- Parcel Number
- 450834451002000004
- Township
- Calumet
- Directions
- Broadway to 47th to MLK
- Census Tract
- 127
Construction Materials
- Brick
- Yes
Cooling
- Central Air
- Yes
Electric
- 200+ Amp Service
- Yes
Flooring
- Vinyl
- Yes
Heating
- Forced Air
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Washer Hookup
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA Loan
- Yes
Parking Features
- Additional Parking
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Asphalt
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- None
- Yes
Utilities
- None
- Yes
Water Source
- Public
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Tenant Pays
- Electricity
- Yes
- Gas
- Yes
Current Use
- Residential
- Yes
Building Features
- Enclosed Stair(s)
- Yes
- Exterior Lighting
- Yes
Business Type
- Other
- Yes
Rail Availability
- None
- Yes
Special Licenses
- None
- Yes
Listing Office:
The Lyons Group Real Estate
Last Updated: April - 16 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.