NOT LISTED FOR SALE

1981 Massachusetts St Gary, IN 46407

Midtown Neighborhood

Estimated Value: $157,744 - $197,000

7 Beds
4 Baths
2,376 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 29, 2024

Last sale price $185,000 $78 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,119/month

11 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of October 2024

Investment opportunity in Gary, IN! This brick 4-unit building is a cash-flowing gem with 3 of 4 units already rented. Professionally managed, the property features tasteful updates throughout, ensuring appeal to tenants and potential buyers alike. With excellent income potential, this property is ideal for investors looking to expand their portfolio. Bring your ideas and explore the possibilities. Don't miss this chance to secure a solid investment!

Last Agent to Sell the Property

Danek Znika

Brokerworks Group License #RB16001218 Listed on: 08/27/2024

Co-Listed By

Antoine Johnson

Brokerworks Group License #RB18001443

Last Buyer's Agent

Sara Villicana

Listing Leaders License #RB21001341

Listing Leaders

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,923

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125

Parking

  • Off-Street Parking

Interior Spaces

  • 2,376 Sq Ft Home
  • 2-Story Property
  • Natural lighting in basement

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 45-08-10-352-020.000-004

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,923

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1924
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Back Yard, See Remarks, Near Public Transit
  • Co List Office Mls Id: NRA2235
  • Subdivision Name: N/A
  • Above Grade Finished Sq Ft: 2376
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • AboveGradeUnfinishedArea: 0.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other
  • Interior Amenities: Ceiling Fan(s), See Remarks
  • Basement: Apartment, Storage Space, Partially Finished, Daylight
  • Flooring: Tile, Vinyl, Varies
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.07

Garage/Parking

  • Parking Features: Off Street, On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 25x125
  • Lot Size Sq Ft: 3049.2
  • Additional Parcels: No
  • Parcel #: 45-08-10-352-020.000-004
  • Zoning Description: Residential

Rental Info

  • Pets Allowed: No
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Water

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1923

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Oct 29, 2024
Sold by
1981 Massachusetts Llc
Bought by
Fresh Start Property Solutions Llc
Seller's Agent
Danek Znika
Brokerworks Group
Buyer's Agent
Sara Villicana
Listing Leaders
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%
Views
10
Current Estimated Value
$176,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,314
Avg. Annual Appreciation
-5.09%
Original Mortgage
$296,000
Outstanding Balance
$293,037
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
-$116,351

Purchase Details

Closed on
Nov 26, 2020
Sold by
Averhart Dorothy J and Averyhart Dorothy J
Bought by
1981 Massachusetts Llc

Purchase Details

Closed on
Nov 24, 2020
Sold by
Averyhart Dorothy J and Sivels Janice M
Bought by
1981 Massachusetts Llc

Purchase Details

Closed on
Jul 31, 2019
Sold by
Averyhart Dorothy J
Bought by
Averhart Dorothy J and Sivels Janice M

Purchase Details

Closed on
Jun 1, 2018
Sold by
Averyhart Dorothy J
Bought by
Averyhart Dorothy J and Kendrick Herman
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fresh Start Property Solutions Llc $185,000 Chicago Title Insurance Compan
1981 Massachusetts Llc -- Liberty Title & Escrow
1981 Massachusetts Llc -- Liberty Title & Escrow
Averhart Dorothy J -- None Available
Averyhart Dorothy J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fresh Start Property Solutions Llc $296,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $185,000 -7.5% $78 / Sq Ft
09/07/2024 09/07/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $200,000 -- $84 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,727 $80,200 $4,300 $75,900
2023 $1,924 $76,300 $4,300 $72,000
2022 $1,755 $68,500 $2,200 $66,300
2021 $1,614 $63,000 $2,200 $60,800
2020 $1,614 $63,000 $2,200 $60,800
2019 $1,330 $63,500 $2,200 $61,300
2018 $1,751 $79,700 $2,700 $77,000
2017 $1,809 $80,900 $2,700 $78,200
2016 $1,863 $84,600 $2,700 $81,900
2014 $2,787 $119,100 $2,800 $116,300
2013 $2,640 $117,500 $2,800 $114,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Danek Znika

    Brokerworks Group

    (708) 323-8884

    1 in this area

    75 Total Sales

    Danek Znika
    Section Image
  • Antoine Johnson

    Seller Co-Listing Agent in 2024

    Antoine Johnson

    Brokerworks Group

    (708) 541-5789

    1 in this area

    3 Total Sales

    Antoine Johnson
    Section Image

  • S

    Buyer's Agent in 2024

    Sara Villicana

    Listing Leaders

    (219) 230-9766

    2 in this area

    25 Total Sales

    Sara Villicana
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 809554

Northwest Indiana Association of REALTORS®

APN: 45-08-10-352-020.000-004

Indiana Lake County Gary 46407 Midtown

1981 Massachusetts St, Gary, IN

This home is located at 1981 Massachusetts St, Gary, IN 46407 since 27 August 2024 and is currently estimated at $176,686, approximately $74 per square foot. This property was built in 1924. 1981 Massachusetts St is a home located in Lake County with nearby schools including Daniel Hale Williams Elementary School, Gary Middle School, and West Side Leadership Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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