400 E 20th Ave Gary, IN 46407
Midtown NeighborhoodEstimated payment $358/month
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
@properties/Christie's Intl RE License #RB20001584 Listed on: 08/22/2025
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
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,738 | $97,500 | $17,300 | $80,200 |
| 2023 | $2,633 | $99,100 | $17,300 | $81,800 |
| 2022 | $2,766 | $102,500 | $17,300 | $85,200 |
| 2021 | $2,614 | $96,600 | $17,300 | $79,300 |
| 2020 | $2,614 | $96,600 | $17,300 | $79,300 |
| 2019 | $6,082 | $96,600 | $17,300 | $79,300 |
| 2018 | $5,486 | $99,200 | $17,300 | $81,900 |
| 2017 | $2,357 | $99,300 | $17,300 | $82,000 |
| 2016 | $2,410 | $103,200 | $17,300 | $85,900 |
| 2014 | $3,783 | $127,000 | $9,000 | $118,000 |
| 2013 | $3,390 | $117,500 | $9,000 | $108,500 |
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 |
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: Northwest Indiana Association of REALTORS®
MLS Number: 826470
APN: 45-08-10-376-022.000-004
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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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