400 E 20th Avenue Gary, IN $ 57,000
400 E 20th Avenue
$ 57,000
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400 E 20th Avenue

Gary, IN, 46407
$ 57,000
Bedrooms14 Baths8.0

Monthly Estimate*

$ 356

400 E 20th Avenue, Gary, IN 46407 - Image 1
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400 E 20th Avenue, Gary, IN 46407 - Image 9

Multi-Family Home for sale in Gary, IN

for $57,000 with 14 bedrooms and 8 full baths. This home was built in 1930 on a lot size of 6273.

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.

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Multi-Family Pending

Price

$ 57,000

Bedrooms

14

Full Bath

8

Property Type

Multi-Family

Taxes

$ 3,176

Style

Quadruplex

Lot Size

6273

Year Built

1930

Town/City

Gary

County/Region

Lake

MLS | Web ID

826470

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 6273
Half Baths 0
3/4 Baths 0
Total Bedrooms 14
Total Baths 8
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General
Sewer Public Sewer
Heating Forced Air
Appliances None
Pets Allowed No
Year Built 1930
Township Calumet
Levels Two
Property Subtype Quadruplex
Tax Year 2024
County Lake
New Construction N
Property Type Residential Income
Subdivision Name Gary Investment Company
Garage Y/N N
Rent Includes None
Total Rooms 14
Full Baths 8
Status Pending
Directions Continue on Broadway and drive to East 20th Ave; turn East on 20th Ave and property will be on your left
City Gary
Lot Size Square Feet 273251880
Listing Terms Cash Other
Tax Annual Amount 3176
Property Condition Fixer
Standard Status Pending
Legal Description GARY INV. CO'S 1ST SUB. L.25 BL.5 ALL L.26 BL.5
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Exterior
Exterior Amenities None
Lot Features Corner Lot
Water Source Public
Lot Size Acres 6273
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Chanelle McGee

Listing Agent

@Properties/Christie's Intl Re

Broker

soldbychanelle@gmail.com

Email

Affordability Calculator

$620
Per Month
57%
43%
0%
Monthly Principal & Interest
$356
Monthly Property Taxes
$265
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
10/15/2025$57,000 -5.00% Price Down
8/22/2025$60,000 Listed Price

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400 E 20th Avenue, Gary, IN, 46407 is a Multi-Family Home for sale at $57,000 with a lot size of 6273. 400 E 20th Avenue has 14 bedrooms, 8.0 baths, and was built in 1930. The property's zip code is 46407 which is in Gary, IN