420 Adams Street Gary, IN $ 200,000
420 Adams Street
$ 200,000
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420 Adams Street

Gary, IN, 46402
$ 200,000
Bedrooms6 Baths3.0

Monthly Estimate*

$ 1,248

420 Adams Street, Gary, IN 46402 - Image 1
420 Adams Street, Gary, IN 46402 - Image 2
420 Adams Street, Gary, IN 46402 - Image 3
420 Adams Street, Gary, IN 46402 - Image 4

Multi-Family Home for sale in Gary, IN

for $200,000 with 6 bedrooms and 3 full baths. This home was built in 1915 on a lot size of 0.244.

Prime Downtown Gary Development OpportunityMore than just a parcel--this is a chance to be part of the bold next chapter in the City of Gary Indiana's comeback story that's already being written.This 10,000+ square foot lot, improved with an older brownstone triplex, is ideally located within walking distance of the planned revitalization of the South Shore Line Train Station--an anchor in the city's evolving transportation and redevelopment plans. Property is located within a designated Transit-Oriented Development (TOD) district--a key area identified in the 2023 Northwest Indiana TDD Strategic Implementation Plan.The site sits at the crossroads of public investment, regional strategy, and untapped potential. Looking for high-density housing or mixed-use development, this property is tailor-made for a project that aligns with Gary's long-term vision for smart growth and sustainable urban renewal.Yes, the aging triplex on the land needs a complete rehab before leasing units--but the real value isn't what stands today. It's what could rise tomorrow.This is a rare opportunity to create something transformative: a development that breathes new life into the block, builds community, and reflects the spirit of a city rebuilding with purpose. The vision is in motion. The framework is set. All that's needed now is the right developer--someone who sees more than a structure... someone who sees possibility.Gary is not just rebuilding structures--it's rebuilding trust, pride, and momentum. This is your opportunity to make a lasting impact. A statement project. A partnership with purpose. A stake in one of the Midwest's most compelling urban renewal stories.Property being sold As-Is, Where-Is

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Multi-Family Active

Price

$ 200,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,201

Style

Triplex

Lot Size

0.244

Year Built

1915

Town/City

Gary

County/Region

Lake

MLS | Web ID

824001

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 2492
Half Baths 0
3/4 Baths 0
Total Bedrooms 6
Total Baths 3
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General
Sewer None
Heating None
Utilities None
Appliances None
Patio/Porch Features Front Porch
Pets Allowed No
Year Built 1915
Township Calumet
Levels Two
Property Subtype Triplex
Tax Year 2023
County Lake
New Construction N
Property Type Residential Income
Subdivision Name Gary Land Companys 01
Garage Y/N N
Rent Includes None
Full Baths 3
Status Active
Directions 4th Ave to Adams - Southproperty located on west side of Adams.
City Gary
Lot Size Square Feet 10629
Listing Terms Cash Conventional
Tax Annual Amount 2201
Property Condition Fixer
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 87300
Legal Description GARY LAND CO'S 1ST SUB. BL.103 LOTS 18 19 & 20
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Exterior
Exterior Amenities Balcony
Parking Features Gravel On Street Off Street
Lot Features Rectangular Lot
Water Source None
Total Parking 0
Lot Size Acres 0.244
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Dennis Nichols

Listing Agent

Crown Point -Weichert, Realtors® - The Moke Agency

Broker

Affordability Calculator

$1,431
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,248
Monthly Property Taxes
$183
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/10/2025$200,000 Listed Price

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420 Adams Street, Gary, IN, 46402 is a Multi-Family Home for sale at $200,000 with a lot size of 0.244. 420 Adams Street has 6 bedrooms, 3.0 baths, and was built in 1915. The property's zip code is 46402 which is in Gary, IN