NOT LISTED FOR SALE

400 E 20th Ave Gary, IN 46407

Midtown Neighborhood

Estimated Value: $55,000 - $147,870

14 Beds
8 Baths
6,273 Sq Ft
$14/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2026

Last sale price $52,500 $8 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $564 / mo

68 Days on Market

Highlights

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

About This Home

As of March 2026

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.

Last Agent to Sell the Property

Chanelle McGee

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

@properties/Christie's Intl RE

Last Buyer's Agent

Non-Member Agent

Non-Member MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,273 Acre Lot
  • Corner Lot

Home Design

  • Quadruplex
  • 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

  • Tenant pays for all utilities
  • 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

6,273 Acres

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

Range of Values:

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Value Increase
--
Percent Increase
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/27/2026 03/27/26 Sold $52,500 -7.9% $8 / 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®

Agents Affiliated with this Home

  • Chanelle McGee

    Seller's Agent in 2026

    Chanelle McGee

    @ Properties

    (708) 654-2425

    3 in this area

    41 Total Sales

    Chanelle McGee
    Section Image

  • N

    Buyer's Agent in 2026

    Non-Member Agent

    Non-Member MLS Office

See All Agents

Map

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

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® All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple 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.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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