3415 W 47th Avenue

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3415 W 47th Avenue

Gary, IN 46408
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).

  • Residential multifamily building located in Gary, Indiana.
  • Property situated at 3415 W 47th Avenue within Lake County.
  • Asset provides income-generating potential for regional housing portfolios.
  • Located within the broader Chicago metropolitan area transit corridor.
  • Well-positioned to serve local workforce housing rental demand.

What's Special

Gary, Indiana, serves as a vital industrial and residential hub within the Chicago metropolitan area, benefiting from proximity to major transit corridors and the regional economic engine. This multifamily apartment building, positioned at 3415 W 47th Avenue, represents a residential asset in a well-established submarket. The property occupies a strategic location for local workforce housing, providing convenient access to surrounding employment centers and community infrastructure. Given the consistent demand for rental housing across the region, this asset is suited for investors seeking to maintain or expand their residential portfolios in a market with steady occupancy potential. Its scale and configuration make it a practical acquisition for those focused on income-producing real estate within the suburban Indiana landscape. Owners will find the property well-situated to cater to long-term tenants who value proximity to city amenities and essential transportation routes throughout Lake County.

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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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