304 Polk Street, Gary, IN 46402
Gary Land Companys 01 · Lake County
Key Facts
Description
Brick 3-unit investment opportunity with strong upside potential! This multi-family property offers spacious units and solid brick construction, making it an ideal value-add project for investors, rehabbers, or landlords looking to expand their portfolio. Property needs repairs and updates but has excellent income-producing potential once renovated. Conveniently located near major highways, shopping, schools, and public transportation. Property is being sold As-Is. Cash or renovation financing recommended. Great opportunity to restore and build equity!
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1924
Living Area
3,746 sq ft
Lot Size
0.06 acres
Garage Spaces
2
MLS® Listing#
839608
Property Features
Appliances
Cooling
Heating
Basement
Parking
Laundry
Lot Features
Sewer
Water Source
Financial Details
Annual Taxes
$356
Tax year 2024
Assessed Value
$14,200
Parcel Number
450804177017000004
Directions
Melton Rd to Polk st to Address
Affordability Calculator
$16,000
Estimated monthly payment
$426/mo
Principal $64,000 · Est. interest $89,286 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Gary, IN
- 60
- Median Days on Market
- 1,378
- Median Sq Ft
- $92
- Median Price / Sq Ft
- 277
- Active Listings
- Its price per sq ft is 77% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Gary, IN.
Location
Points of Interest in Gary, IN
Showing the Gary area map.
Nearby Schools
Thea Bowman Leadership Academy
School · 0.4 mi away
Jefferson Elementary School
Elementary · 0.5 mi away
21st Century Charter School of Gary
School · 0.7 mi away
Gary Middle College
Secondary School · 0.8 mi away
Beveridge Elementary School
Elementary · 1.2 mi away
Frankie Woods McCullough School
School · 1.7 mi away
Thea Bowman Leadership Academy
School · 1.8 mi away
Dunbar-Pulaski Middle School
Elementary · 1.9 mi away
Daniel Hale Williams Elementary School
Elementary · 2.1 mi away
Mizpah Sda Junior Academy
Elementary · 2.1 mi away
Theodore Roosevelt High School
Secondary · 2.2 mi away
Lighthouse Academies
School · 2.3 mi away
Dr Bernard C Watson Academy
School · 2.4 mi away
Nina's Loving Care
School · 2.4 mi away
Israel School
School · 2.5 mi away
Frankie W McCullough Academy
School · 2.5 mi away
Aspire Charter Academy
School · 2.7 mi away
Mary M Bethune Early Child Dev Ctr
Elementary · 2.8 mi away
Gary Westside High School
Secondary · 2.9 mi away
Brunswick Elementary School
Elementary · 3.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1715 W Ridge Road, Gary, IN | $64,900 | 6 | 1 | 1,400 |
| 1241 W 17th Avenue, Gary, IN | $70,000 | 9 | 3 | 2,646 |
| 1113 W 11th Avenue, Gary, IN | $75,000 | 8 | 2 | 1,203 |
| 3685 Massachusetts Street, Gary, IN | $94,000 | 6 | 3 | 2,080 |
| 1297-1299 W 15th Avenue, Gary, IN | $97,500 | 6 | 2 | 996 |
Moving Cost Estimate
EXIT Agents in Gary
Listing Courtesy: Brokerworks Group - 2197867000
Presented by: Georgeann Weisman
Last Updated: 2026-05-27