400 E 20th Ave Gary, IN 46407
Midtown NeighborhoodEstimated payment $387/month
Highlights
- Popular Property
- Corner Lot
- 1-Story Property
- 6,273 Acre Lot
- Forced Air Heating System
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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.
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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