537 Georgia St, Gary, IN 46402
44 Unit Apartment Building | $1,804,000 ($41,000/Unit) | Gary, IN 46402
For Sale
Active
4 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 17 days
Asking Price $1,804,000
- Property Type
-
Multifamily
- Square Feet
- 48,052 SF
Listing Contacts
Chris Scanlan
- Property Info
Property Overview
The LIHTC Group is pleased to present for sale Emerson Housing, located in Gary, Indiana. The subject property is a 44-unit affordable housing community that operates under the Section 42 LIHTC program. Some of the existing tenants are also receiving Section 8 rental assistance through individual vouchers. The property features a mix of 2 and 3-bedroom units, mostly townhome style. Units have individual washer and dryer connections, off-street parking and the property has easy access to Interstate-90 and Interstate-65.
Gary is a historically significant city in Lake County, Indiana, that went through a boom from the 1920s through the mid-1960s. Its close proximity to Chicago makes it an attractive yet affordable place to live. Downtown Chicago is located approximately 30 miles from the subject property and offers an easy commute by car, bus, or train. The Gary Metro train stop on the South Shore Line is less than a mile from the subject property.
Gary is a historically significant city in Lake County, Indiana, that went through a boom from the 1920s through the mid-1960s. Its close proximity to Chicago makes it an attractive yet affordable place to live. Downtown Chicago is located approximately 30 miles from the subject property and offers an easy commute by car, bus, or train. The Gary Metro train stop on the South Shore Line is less than a mile from the subject property.
Property Details
- Class
- C
- Year Built
- 2002
- Stories
- 2
- Lot Size (sq. ft)
- 63,162 SF
- Units
- 44
Highlights
- Easy access to Interstate-90 and Interstate-65.
- Close proximity to Chicago.
- Easy access to transit.
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