5125 Georgia Street, Gary, IN 46409
$2,900,000
Property Type:
Commercial Sale
Square Footage:
30,045
Lot Size (sq. ft.):
35,893
Status:
Closed
Current Price:
$2,900,000
List Date:
4/15/2026
Last Modified:
6/03/2026
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
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
- 2026-06-03T14:47:38Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-06-03
- Offer Acceptance Date
- 2026-04-16
- Close Date
- 2026-06-02
- Close Price
- 2900000
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- Call Agent to schedule
Listing Office:
The Lyons Group Real Estate
Last Updated: June - 03 - 2026
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