NOT LISTED FOR SALE

1341 Marshall St Gary, IN 46404

Tolleston Neighborhood

Estimated Value: $67,000 - $241,000

5 Beds
3 Baths
3,000 Sq Ft
$42/Sq Ft Est. Value

Sale Details

Date Sold: February 4, 2025

Last sale price $67,500 $22 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $848 / mo

6 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • 3-minute walk to Tolleston Park
  • No HOA

About This Home

As of February 2025

Presenting a solid investment opportunity in Gary, IN that just needs a little sweat equity. This two-level multi-family property features three rental units, designed for consistent income generation. The first floor includes a three-bedroom unit with one bath. On the second floor, there are two one-bedroom, one-bath units with separate entrances. The property also has a full unfinished basement with 3 washer and dryer hookups, providing additional storage options or the potential for future renovations to enhance value. A two-car detached garage adds further appeal, offering convenience for tenants and the potential for additional rental income.This multi-family property represents an attractive addition to any investment portfolio. Sold As-Is

Last Agent to Sell the Property

Laura Borrmann

Haven Realty License #RB24000674 Listed on: 01/23/2025

Co-Listed By

Angela Andrews

Listing Leaders License #RB24000525

Last Buyer's Agent

Angela Manning

Integrity Realty Partners License #RB17000786

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Triplex

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Basement
  • Laundry in Basement
  • Washer Hookup

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • 3 Units
  • South Bend & Gary Lands Companys Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450808182008000004

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

5,227 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1929
  • Reso Property Sub Type: Triplex
  • ResoLaundryFeatures: In Basement, Washer Hookup
  • ResoLotFeatures: City Lot
  • Co List Office Mls Id: NRA2114
  • Co List Office Phone: (888) 724-2836
  • Co List Office Mls Id: NRA2114
  • Subdivision Name: South Bend & Gary Lands Companys
  • Above Grade Finished Sq Ft: 3000
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Garage(s)
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Basement: Unfinished
  • Flooring: Carpet, Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Exterior Features: None
  • Fencing: None
  • Acres: 0.12
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached, Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: None
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Additional Parcels: No
  • Parcel #: 450808182008000004

Rental Info

  • Pets Allowed: Call
  • Owner Pays: None

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1972

Multi Family

  • Number Of Units Total: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2025
Closed on
Feb 4, 2025
Sold by
Bought by
Seller's Agent
Laura Borrmann
Haven Realty
Buyer's Agent
Angela Manning
Integrity Realty Partners
List Price
$80,000
Sold Price
$67,500
Premium/Discount to List
-$12,500
-15.62%
Views
30
Current Estimated Value
$125,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,833
Avg. Annual Appreciation
57.10%

Purchase Details

Closed on
Nov 7, 2016
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 2015
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Insurance Compan
$10,000 None Available
$10,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Sold $67,500 -15.6% $23 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
01/23/2025 01/23/25 For Sale $80,000 -- $27 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,098 $145,200 $5,500 $139,700
2024 $10,810 $120,200 $4,400 $115,800
2023 $1,972 $122,600 $4,400 $118,200
2022 $2,091 $128,300 $5,300 $123,000
2021 $1,912 $117,900 $5,300 $112,600
2020 $1,912 $117,900 $5,300 $112,600
2019 $1,558 $119,400 $5,300 $114,100
2018 $1,648 $119,400 $5,300 $114,100
2017 $2,678 $121,100 $5,300 $115,800
2016 $1,563 $143,900 $5,300 $138,600
2014 $3,330 $142,300 $5,300 $137,000
2013 $3,242 $144,300 $5,200 $139,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2025

    Laura Borrmann

    Haven Realty

    (219) 577-2159

    1 in this area

    23 Total Sales

    Laura Borrmann
    Section Image
  • Angela Andrews

    Seller Co-Listing Agent in 2025

    Angela Andrews

    Listing Leaders

    (219) 333-1916

    1 in this area

    32 Total Sales

    Angela Andrews
    Section Image
  • Angela Manning

    Buyer's Agent in 2025

    Angela Manning

    Integrity Realty Partners

    (219) 628-3432

    7 in this area

    127 Total Sales

    Angela Manning
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 815321

Northwest Indiana Association of REALTORS®

APN: 45-08-08-182-008.000-004

Indiana Lake County Gary 46404 Tolleston

1341 Marshall St, Gary, IN

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Northwest Indiana Association of REALTORS® All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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