420 Adams St Gary, IN 46402
Downtown Gary NeighborhoodEstimated payment $1,210/month
Highlights
- 0.24 Acre Lot
- 3-minute walk to Gary Metro Center Station
- 4-minute walk to Gateway Park
- Balcony
- Front Porch
About This Home
Prime Downtown Gary Development OpportunityMore than just a parcel--this is a chance to be part of the bold next chapter in the City of Gary Indiana's comeback story that's already being written.This 10,000+ square foot lot, improved with an older brownstone triplex, is ideally located within walking distance of the planned revitalization of the South Shore Line Train Station--an anchor in the city's evolving transportation and redevelopment plans. Property is located within a designated Transit-Oriented Development (TOD) district--a key area identified in the 2023 Northwest Indiana TDD Strategic Implementation Plan.The site sits at the crossroads of public investment, regional strategy, and untapped potential. Looking for high-density housing or mixed-use development, this property is tailor-made for a project that aligns with Gary's long-term vision for smart growth and sustainable urban renewal.Yes, the aging triplex on the land needs a complete rehab before leasing units--but the real value isn't what stands today. It's what could rise tomorrow.This is a rare opportunity to create something transformative: a development that breathes new life into the block, builds community, and reflects the spirit of a city rebuilding with purpose. The vision is in motion. The framework is set. All that's needed now is the right developer--someone who sees more than a structure... someone who sees possibility.Gary is not just rebuilding structures--it's rebuilding trust, pride, and momentum. This is your opportunity to make a lasting impact. A statement project. A partnership with purpose. A stake in one of the Midwest's most compelling urban renewal stories.Property being sold As-Is, Where-Is
Listing Agent
Weichert, Realtors-Moke Agency License #RB20001421 Listed on: 07/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,201
Year Built
- Built in 1915
Lot Details
- 10,629 Sq Ft Lot
Parking
- Off-Street Parking
Home Design
- Fixer Upper
Interior Spaces
- 2,492 Sq Ft Home
- 2-Story Property
- Natural lighting in basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Balcony
- Front Porch
Utilities
- No Cooling
- No Heating
- No Utilities
- Water Not Available
Listing and Financial Details
- Assessor Parcel Number 450804281017000004
Community Details
Overview
- 3 Units
- Gary Land Companys 01 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 |
|---|---|---|---|---|
| 2025 | $2,261 | $27,100 | $14,700 | $12,400 |
| 2024 | $7,697 | $25,300 | $14,700 | $10,600 |
| 2023 | $2,062 | $87,300 | $19,100 | $68,200 |
| 2022 | $2,062 | $80,500 | $11,300 | $69,200 |
| 2021 | $1,952 | $76,200 | $11,300 | $64,900 |
| 2020 | $1,952 | $76,200 | $11,300 | $64,900 |
| 2019 | $2,142 | $104,100 | $11,300 | $92,800 |
| 2018 | $2,282 | $104,100 | $11,300 | $92,800 |
| 2017 | $2,179 | $98,000 | $4,000 | $94,000 |
| 2016 | $1,488 | $67,000 | $4,000 | $63,000 |
| 2014 | $2,439 | $104,200 | $4,700 | $99,500 |
| 2013 | $2,249 | $100,100 | $4,700 | $95,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $200,000 | -- | $80 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 824001
APN: 45-08-04-281-017.000-004
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Based on information submitted to the MLS GRID
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