400 E 41st Avenue Gary, IN $ 60,000
400 E 41st Avenue
$ 60,000
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400 E 41st Avenue

Gary, IN, 46409
$ 60,000
Baths0.0

Monthly Estimate*

$ 379

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Studio

Single Family Home for sale in Gary, IN

for $60,000. This home was built in 1925 on a lot size of 0.103.

Investor Special - High-Upside Fix & Flip Opportunity Solid brick multi-level building at 400 E 41st Ave in Gary, IN 46409. This is a true value-add project for experienced investors or rehabbers ready to take on a full gut renovation. The property shows classic older construction with substantial remaining structure, multiple interior spaces, arched openings, and original character elements that can shine once restored. Brick exterior provides a durable shell. Current condition requires complete renovation (extensive interior work, systems, finishes, cleanup, and exterior/site improvements), making it ideal for a full rehab or potential multi-unit conversion depending on zoning and your plans. Located in Gary with access to major routes and the broader Northwest Indiana / Chicago metro market. Nearby properties and ongoing area activity create opportunity for investors targeting rental income, flip, or hold strategies after renovation. Bring your contractor, run the numbers, and transform this into a strong-performing asset. Cash or hard-money buyers preferred. Property sold as-is. Schedule your inspection today and see the potential in person.

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Single Family Active

Price

$ 60,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 1,422

Style

Single Family Residence

Lot Size

0.103

Year Built

1925

Town/City

Gary

County/Region

Lake

MLS | Web ID

843338

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 0
Half Baths 0
3/4 Baths 0
Total Bedrooms 0
Total Baths 0
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General
Sewer Unknown
Heating None
Appliances None
Garage Spaces 2
Year Built 1925
View Neighborhood
Township Calumet
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
County Lake
New Construction N
Property Type Residential
HOA N
Subdivision Name Great Gary Realty Companys 01
Garage Y/N Y
Total Rooms 0
Full Baths 0
Status Active
Directions Broadway (N) > E 40th Ave. (E) > Delaware St. (S) > 400 E 41st Ave (E)
City Gary
Lot Size Square Feet 4487
Listing Terms Cash
Property Attached Y/N N
Tax Annual Amount 1422
Property Condition Fixer
Standard Status Active
Tax Assessed Value 56700
Legal Description GREAT GARY REALTY CO'S 1ST ADD ALL LOT 19 BL.8 AND E.2 1/10FT. VAC. DELAWARE ST. ADJ. LOT
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Exterior
Parking Features Attached
Lot Features Corner Lot
Water Source Other
Lot Size Acres 0.103
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Christine Coughlin

Listing Agent

Listing Leaders

Broker

nwi.broker.chris@gmail.com

Email

Affordability Calculator

$497
Per Month
76%
24%
0%
Monthly Principal & Interest
$379
Monthly Property Taxes
$119
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/3/2026$60,000 Listed Price

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400 E 41st Avenue, Gary, IN, 46409 is a Single Family Home for sale at $60,000 with a lot size of 0.103. 400 E 41st Avenue is a studio with 0.0 baths and was built in 1925. The property's zip code is 46409 which is in Gary, IN