1136 Connecticut Street

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1136 Connecticut Street

Gary, IN 46407
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 1136 Connecticut Street
  • Property is situated within the city of Gary, Indiana
  • The site sits in a key Northwest Indiana market
  • Asset provides housing in the greater Chicago metro area
  • Investment potential suited for residential rental property portfolios

What's Special

This multifamily apartment building at 1136 Connecticut Street presents a tangible investment opportunity within Gary, Indiana. Situated in a region that benefits from its proximity to major industrial corridors and the broader Chicago metropolitan economy, this asset serves the local housing market by providing residential rental units. The property allows for various management strategies, whether for an investor seeking to expand a rental portfolio or a buyer interested in property repositioning within an established urban neighborhood. Given the consistent demand for accessible rental housing in Northwest Indiana, this asset is well-positioned for those evaluating long-term residential holdings. The structure offers functional space suitable for traditional apartment configurations that cater to local workforce needs. Investors often look to Gary for its strategic access to regional transportation infrastructure and its role in the diverse landscape of the Midwest. This building remains a practical addition for portfolios focused on the multifamily sector in the suburban-urban fringe.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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