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7613 Oak Avenue, Gary, IN 46403

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For Sale
Sale Pending

$380,000

4 beds • 3 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

  • Fireplace
    Heating System

  • Fireplace
    Fireplace

Explore this Property

Rare Investment Opportunity: 3-Unit Property Across from Lake Michigan in Miller BeachDiscover a unique investment opportunity with this 3-unit property situated directly across the street from the pristine shores of Lake Michigan in the sought-after Miller Beach neighborhood. This versatile property offers the perfect blend of residential comfort and income-generating potential.Property Overview:Top Floor Penthouse Unit:Layout: 1 bedroomFeatures: Private deck with stunning lake viewsCurrent Rent: $1150 per month, leased until 9/30/24Second Floor Unit:Layout: 1 bedroom with a sunroom, enclosed porch Features: Private back deck with views of the lakeCurrent Use: $1150 per month, leased until 4/30/25Ground Level Unit:Layout: 2 bedroomsCurrent Use: $895, per month, leased until 7/31/24Amenities:Each unit offers its own designated outdoor space, providing tenants with personal areas to relax and enjoy the beautiful surroundings.A common laundry area is available for all tenants.The property provides 2 tandem parking spaces for each unitLocation Highlights:Proximity to Lake Michigan: Enjoy immediate access to the lake, perfect for beach activities, water sports. Just steps away! Miller Beach offers a vibrant community with diverse dining, shopping, and cultural experiences, including the nearby historic Marquette Park and the Tuskegee Air Museum.Convenience: Easy access to transportation options Via the South Shore Train, 80/94, I-65, and the Indiana Tollway.This property is ideal for investors looking to capitalize on the thriving vacation rental market while providing long-term rental options. Don't miss this chance to own a prime piece of real estate in one of Miller Beach's most desirable locations. Seize this rare opportunity to elevate your investment portfolio and enjoy the benefits of lakeside living. Miller Beach, Unparalleled in it offerings! Make it your today!
MLS# 803924

Courtesy Of McColly Real Estate

(219) 926-1616

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Lawn, Ceiling Fan, Garden, Wired
  • Appliances
    Dryer, Microwave, Oven, Range - Gas, Refrigerator, Washer
  • Architecture Style
    Other
  • Fireplace
    Fireplace
  • Heating System
    Fireplace, Hot Water, Radiant, Steam
  • Lot Size
    0.08 Acres
  • Roof Type
    Unknown
  • Rooms
    Bedroom, Full Bath, Three-Quarter Bath

Map and Directions

Directions to 7613 Oak Avenue, Gary, IN 46403

Home seller CENTURY 21 Circle

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CENTURY 21 Circle

(219) 662-5445
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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