1971 Massachusetts Street Gary, IN ^$ 225,000

1971 Massachusetts Street

^$ 225,000

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Recently Listed

1971 Massachusetts Street

Gary, IN, 46407

^$ 225,000

Bedrooms-- Baths-- Sq 3,096

Monthly Estimate*

^$ 1,385

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Commercial Property for sale in Gary, IN

for $225,000. This 3,096 square foot building 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.

Commercial Active

Price

^$ 225,000

Property Type

Commercial

Taxes

^$ 1,590

Style

Multi Family

Lot Size

0.072

Year Built

1920

Town/City

Gary

County/Region

Lake

MLS | Web ID

832477

Features

Interior

Interior Amenities High Ceilings Soaking Tub Laminate Counters

Laundry Features Gas Dryer Hookup Laundry Room Lower Level

General

Sewer Public Sewer

Heating Forced Air

Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected

Appliances Gas Range Refrigerator

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

Year Built 1920

Electric 200+ Amp Service

Township Calumet

Property Subtype Multi Family

Tax Year 2024

County Lake

Property Type Commercial Sale

Subdivision Name Broadway Add

Building Features Inside Corridor(s) Exterior Lighting Multi Tenant

Status Active

Directions Broadway to 19th Street East on 19th Street South to Building.

City Gary

Lot Size Square Feet 3136

Listing Terms Cash Other Conventional

Tax Annual Amount 1590

Standard Status Active

Legal Description BROADWAY ADD. L.31 BL.19

Exterior

Exterior Amenities Lighting Rain Gutters

Parking Features Off Street On Street Garage Faces Rear

Lot Features Paved Rectangular Lot

Water Source Public

Total Parking 2

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

$1,518

Per Month

Monthly Principal & Interest: $1,385
Monthly Property Taxes: $133
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Commerical listings in Gary, IN

Average List Price ^$287,943

Percent of Sale Price 28%

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
1/7/2026	$225,000		Listed Price

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1971 Massachusetts Street, Gary, IN, 46407 is a Commercial Property for sale at $225,000 with 3,096 sqft and a lot size of 0.072. 1971 Massachusetts Street 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 6.25% 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 1/12/2026.

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1971 Massachusetts Street

Commercial Property for sale in Gary, IN

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