$57,000
PENDING $3K PRICE DROP

400 E 20th Ave Gary, IN 46407

Midtown Neighborhood

Estimated payment $355/month

Total Views 16,914
14 Beds
8 Baths
6,273 Sq Ft
$9 Price per Sq Ft

Highlights

  • 6,273 Acre Lot
  • Forced Air Heating System
  • 1-Story Property
  • Corner Lot

About This Home

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.

Listing Agent

Chanelle McGee

@properties/Christie's Intl RE License #RB20001584 Listed on: 08/22/2025

@properties/Christie's Intl RE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,273 Acre Lot
  • Corner Lot

Home Design

  • Fixer Upper

Interior Spaces

  • 6,273 Sq Ft Home
  • 1-Story Property
  • Basement

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for sewer, trash collection, taxes
  • Assessor Parcel Number 450810376022000004

Community Details

Overview

  • 8 Units
  • Gary Investment Company Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1930
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Corner Lot
  • Co List Office Mls Id: NRA2041
  • Subdivision Name: Gary Investment Company
  • Above Grade Finished Sq Ft: 6273
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Fixer
  • NumberOfStores: 1
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 8
  • Total Bedrooms: 14

Exterior Features

  • Exterior Features: None
  • Acres: 6273
  • Waterfront: No

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: None

Lot Info

  • Lot Size Sq Ft: 273251880
  • Parcel #: 450810376022000004

Rental Info

  • Pets Allowed: No
  • Tenant Pays: All Utilities
  • Owner Pays: Sewer, Trash Collection, Taxes

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3176

Multi Family

  • Number Of Units Total: 8

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2025 10/29/25 Pending -- -- --
10/15/2025 10/15/25 Price Changed $57,000 -5.0% $9 / Sq Ft
08/22/2025 08/22/25 For Sale $60,000 -- $10 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed -- Ticor Mo
Source: Public Records

Source: Northwest Indiana Association of REALTORS®

MLS Number: 826470

Northwest Indiana Association of REALTORS®

APN: 45-08-10-376-022.000-004

Indiana Lake County Gary 46407 Midtown

400 E 20th Ave, Gary, IN

Pending

MultiFamily

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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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Chanelle McGee
Listing Agent
Chanelle McGee
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@properties/Christie's Intl RE
(219) 419-3843