400 E 20th Avenue Active Save Request In-Person Tour Request Virtual Tour
Gary,IN 46407
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Gary Investment Company
MLS Listing ID 826470
Bedrooms 14
Full Baths 8
Year Built 1930
Annual Tax Amount $3,176
Tax Year 2024
Lot Size 6273.000 Acres
Property Sub-Type Quadruplex
Property Description
BRING YOUR BEST OFFER!! Investor Special - 8-Unit Building with Huge Potential!Attention investors and rehabbers! This 8-unit property offers a rare opportunity to add tremendous value through a full gut rehab. Featuring a main building with a storefront plus multiple residential units, as well as two additional houses in the back, this property has flexible layouts and endless potential.Main Building:First Floor: Front commercial storefront plus 2 large residential units (each 2 bed/1 bath, with potential to convert to 3 bedrooms).Second Floor: Two spacious 2 bed/1 bath units.Basement: Potential to build out 2 additional apartments.Back Houses (2 Units Each):First Floor: 2 bed/1 bath units.Basement: 1 bed/1 bath units.Current tenant occupies one 2 bed/1 bath unit.This property is ideal for an investor looking for strong rental income potential or a savvy buyer ready to house-hack--live in one unit while renovating and renting the rest. Once rehabbed, this building has the potential to generate substantial cash flow and long-term appreciation.
Location
State IN
County Lake
Rooms
Basement Unfinished
Interior
Interior Features None
Heating Forced Air
Cooling None
Fireplace No
Appliance None
Exterior
Exterior Feature None
Building
Lot Description Corner Lot
Others
Acceptable Financing Cash,Other
Listing Terms Cash,Other