1971 Massachusetts Street Gary, IN ^$ 225,000

1971 Massachusetts Street

^$ 225,000

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1971 Massachusetts Street

Gary, IN, 46407

^$ 225,000

Bedrooms10 Baths5.0

Monthly Estimate*

^$ 1,404

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Multi-Family Home for sale in Gary, IN

for $225,000 with 10 bedrooms and 5 full baths. This home was built in 1920 on a lot size of 0.072.

Calling all investors! Multi-Unit all Brick building. There are 2 one-bedroom units, 2 two-bedroom units and 1 three-bedroom unit. Units are very large, have high ceilings and all have sitting area and dining area. One bedroom units offer a small bonus room. High efficiency furnaces. Newer Roof a couple years. More opportunity for additional income with coin operated laundry.

Multi-Family Pending

Price

^$ 225,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,536

Style

Apartment

Lot Size

0.072

Year Built

1920

Town/City

Gary

County/Region

Lake

MLS | Web ID

825728

Features

Interior

Interior Amenities High Ceilings Soaking Tub Laminate Counters

Fireplace Y/N N

Above Grade Finished Area 3096

Total Bedrooms 10

General

Sewer Public Sewer

Heating Forced Air

Appliances Gas Range Refrigerator

Garage Spaces 2

Security Features Carbon Monoxide Detector(s) Smoke Detector(s)

Pets Allowed No

Year Built 1920

Township Calumet

Levels Three Or More

Property Subtype Apartment

Tax Year 2023

County Lake

New Construction N

Property Type Residential Income

Subdivision Name Broadway Add

Garage Y/N Y

Rent Includes Management Water Sewer

Full Baths 5

Status Pending

Directions North on Broadway east on 19th Avenue to Massachusetts

City Gary

Lot Size Square Feet 3136

Listing Terms Cash Other Conventional

Tax Annual Amount 1536

Standard Status Pending

Tax Assessed Value 60900

Legal Description BROADWAY ADD. L.31 BL.19

Exterior

Exterior Amenities Lighting Rain Gutters

Parking Features Garage Faces Rear On Street Off Street

Lot Features Paved Rectangular Lot

Water Source Public

Lot Size Acres 0.072

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Panagiota Papadatos

Listing Agent

Penny P Properties, Llc

Broker

Penny@PennyPProperties.com

Affordability Calculator

$1,532

Per Month

Monthly Principal & Interest: $1,404
Monthly Property Taxes: $128
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Gary, IN

Average List Price ^$170,418

Percent of Sale Price 24%

About Gary, IN

71,243 Population

-31% Since 2002

^$29,286 Median Income

37.13 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/9/2025	$225,000		Listed Price

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1971 Massachusetts Street, Gary, IN, 46407 is a Multi-Family Home for sale at $225,000 with a lot size of 0.072. 1971 Massachusetts Street has 10 bedrooms, 5.0 baths, and was built in 1920. The property's zip code is 46407 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/16/2025.

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1971 Massachusetts Street

Multi-Family Home for sale in Gary, IN

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