$380,000
Active Under Contract
15 Days Online
4 Beds3 Baths0 SQFT
Active Under Contract

7613 Oak Avenue Gary, IN 46403

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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!

  • Property TypeMulti-Family
  • NeighborhoodNorcotts Add
  • CountyLake
  • Taxes$7,339
  • HOA/Condo/Coop Fees$0
  • Days on Site15 Days
  • MLS StatusActive Under Contract
  • MLS ID Number803924
  • Home Size Source Assessor
  • Year Built1922
  • Lot Size0.075 Acres
  • Full Baths2
  • Partial Baths1

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General Features

  • Parking CommonTandemUnassignedOff StreetOn Site
  • Parking Spaces 6
  • Sewer Public Sewer
  • Electric 150 Amp ServiceCircuit Breakers
  • Basement Crawl Space
  • Number of Stories Three Or More
  • Acreage 0.075
  • Water Public
  • Zoning Residential
  • Property Sub Type Triplex
  • Utilities Electricity ConnectedSewer ConnectedWater ConnectedNatural Gas Connected
  • Property Condition Updated/ Remodeled

Interior Features

  • Heating CommonSteamRadiantHot Water
  • Appliances DryerRefrigeratorWasherStainless Steel Appliance(s)OvenMicrowaveGas Water HeaterGas RangeFree- Standing RefrigeratorFree- Standing Gas Range
  • Interior Ceiling Fan(s)Open FloorplanHigh Speed InternetLaminate CountersEat-in Kitchen
  • Fireplaces 1
  • Fireplace Features Living Room
  • Laundry Features Common AreaMain LevelLaundry RoomInsideGas Dryer Hookup
  • Fireplace Yes

Exterior Features

  • View Lake
  • Pool Features None
  • Waterfront Property No
  • Exterior BalconyUncovered CourtyardRain GuttersLightingGarden
  • Lot Back YardViewsNear Public TransitLevelFew Trees
  • Patio And Porch DeckPatio

Community Features

  • Pets Yes
  • Township Calumet
  • Community Features FishingStreet LightsPlaygroundPark
  • Senior Community No

Schools

School District
Gary
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$2,029
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