Lake Station IN Multi Family for Sale

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Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1944
Baths:
4.00
MLS#:
812270
Subdivision:
East Gary

ADDITIONAL INFORMATION

4 unit multi unit ready for new owner. Bring your imagination and get this property into your portfolio. Main building includes 3 separate units consisting of a 3 bedroom, and two 1 bedroom units. Separate building is a free standing, 1 bedroom home.

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1940
Baths:
3.00
MLS#:
811376
Subdivision:
First Sub To East Gary

ADDITIONAL INFORMATION

Yet again, a stellar investment opportunity arises. This Cape Cod property, originally a duplex, underwent a transformation into a triplex in 2022. Each of the three units boasts 2 bedrooms and 1 bathroom. The property has been upgraded with entirely new electrical systems, plumbing, and HVAC. The exterior features newly painted aluminum siding, while the interior has been revitalized with fresh flooring and paint. Appliances are provided and will stay even post-tenancy. Located near key highways, this property stands as a lucrative asset for any investment collection.

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
8
Year built:
1943
Baths:
3.00
MLS#:
811324
Subdivision:
Rothermels Riverside

ADDITIONAL INFORMATION

Pause for a moment--here's another multi-unit property! This triplex underwent a full renovation at the end of 2023. Originally a duplex, it was transformed into three units with updated plumbing, electrical systems, furnaces, and ductwork, including A/C units. It also received new windows, drywall, flooring, trim, doors, roofing, and siding. The renovation immediately drew in renters. The two outer units each offer three bedrooms and one bathroom, while the central unit has two bedrooms and one bathroom. All units include kitchen appliances, as well as coin-operated washer and dryer. The basement provides extra storage or could be used as a common area. The property is ideally located opposite a police station and a public library, offering easy access to major highways.

Type:
Triplex
Sq.Ft.:
n/a
Status:
Active
Beds:
3
Year built:
1946
Baths:
3.00
MLS#:
811187
Subdivision:
N/a

ADDITIONAL INFORMATION

Great investment property to add to your portfolio. Ranch with 3 occupied units and detached garage currently being used as storage. First two units are located in front of property with the 3rd unit located in rear. Fenced yard. Property has been updated. Each unit boasts one bedroom and ample living space. The location is nice and convenient as it is located just blocks from the highway. This makes for easy commuting to and from the city as well as NWI. Come and see this property TODAY!

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

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Lake Station Real Estate

The median home value in Lake Station, IN is $150,500. This is lower than the county median home value of $207,000. The national median home value is $338,100. The average price of homes sold in Lake Station, IN is $150,500. Approximately 61.41% of Lake Station homes are owned, compared to 30.14% rented, while 8.45% are vacant. Lake Station real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake Station real estate agent to arrange a tour today!

Lake Station, Indiana has a population of 13,292. Lake Station is less family-centric than the surrounding county with 21.52% of the households containing married families with children. The county average for households married with children is 27.11%.

The median household income in Lake Station, Indiana is $50,852. The median household income for the surrounding county is $62,052 compared to the national median of $69,021. The median age of people living in Lake Station is 36.5 years.

Lake Station Weather

The average high temperature in July is 82.5 degrees, with an average low temperature in January of 17.3 degrees. The average rainfall is approximately 38.4 inches per year, with 39 inches of snow per year.

Lake Station Real Estate Market Conditions

  • Median sales price

    $150,500
    13.9% change since last quarter
  • # Active listings

    58
    30-day change

Lake Station Schools and Demographics

Education near Lake Station, IN

Metric City County
High School Graduates 78.68 89.8
College Degree - 2 year 3.92 8.53
College Degree - 4 year 8.34 23.69
Graduate Degree 2.51 6.22
Expenditures per Student 13,054 13,054
Students per Teacher 17 17

Elementary Schools near Lake Station, IN

School Grades Students P/T Ratio ZIP
Alexander Hamilton Elementary School 01 - 06 247 15.4 46405
Bailly Preparatory Academy KG - 06 371 15.5 46409
Benjamin Banneker Achievement Center KG - 08 518 19.9 46403
Carl J Polk Elementary School 01 - 06 196 14 46405
Daniel HALE Williams Elementary School KG - 06 512 19.7 46407
Dr Bernard C Watson Academy for Boys KG - 06 137 10.5 46407
Frankie W McCullough Academy for Girls KG - 07 429 18.6 46407
Henry S Evans Elementary School KG - 06 351 29.3 46405
Jacques Marquette Elementary School KG - 06 576 18.6 46403
Jefferson Elementary School KG - 06 482 28.4 46402
Mary M Bethune Early Child Dev Center PK - PK 518 34.5 46407
Virgil I Bailey Elementary School KG - 06 384 18.3 46405

Middle Schools near Lake Station, IN

School Grades Students P/T Ratio ZIP
Dunbar-Pulaski Academic & Career 07 - 08 674 74.9 46407

High Schools near Lake Station, IN

School Grades Students P/T Ratio ZIP
Gary Middle College 09 - 12 198 46.9 46402
New Tech Innovative Institute 09 - 12 404 33.7 46409
Theodore Roosevelt Car & Tech Academy 07 - 12 571 21.1 46407
Thomas A Edison Junior/Senior High School 07 - 12 622 15.9 46405

Ungraded Schools near Lake Station, IN

School Grades Students P/T Ratio ZIP
21st Century Charter School of Gary KG - 12 709 632 46402
Charter School of the Dunes KG - 12 624 26 46403
Gary Career Center PK - 12 0 46409
Thea Bowman Leadership Academy KG - 12 1,317 17.8 46402
Wm A WIRT/Emerson VPA 05 - 12 595 21.3 46403

Demographics near Lake Station, IN

Metric City County
Neighborhood Type Suburban
Population 13,292 495,925
Population Density 1,601 994
Median Age 36.5 39.2
People per Household 2.7 2.6
Median Household Income 50,852 62,052
Average Income per Capita 23,089 31,666