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  • $32,000

    1541 Massachusetts St, Gary, IN 46407

    12beds
    --sqft
    Apartment
    Built in 1917
    -- sqft lot
    $33,400 Zestimate®
    $--/sqft
    $788 Estimated rent

    Home value

    $33,400

    $30,000 - $37,000

    $788/mo

    Zestimate® history
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    Owner options

    List your home for rent

    $788/mo

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    $788/mo

    Rent Zestimate®

    Refinance and save

    $161/mo

    Est. payment

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    $161/mo

    Est. payment

    Explore your selling options

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    What's special

    Investor Special! Unlock the Potential in This Multi-Unit OpportunityCalling all savvy investors and visionaries! This building offers a rare chance to restore and reimagine a property with incredible income potential. Zoned for multi-family use, it can potentially accommodate up to 6 rental units--making it a high-yield asset once renovated.With the right updates, layout, and vision, this could be transformed into a cash-flowing investment in a market where rental demand continues to grow. Gary is continuing to redevelop with increased property values and restored homes on the rise every month with the help of the Gary Revitalization Program and other local investors. Now is your chance to acquire an investment property in this highly sought after neighborhood before it's too late!Whether you're looking to flip, hold and rent, or develop, this is your chance to bring new life to a building with solid bones and promising returns. Schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Chanelle McGee,

    @properties/Christie's Intl RE 219-440-0070

    Bought with:

    Ashley Tarver, RB22001263

    @properties/Christie's Intl RE

    Source: NIRA as distributed by MLS GRID,MLS#: 820667MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • None
    Appliances
    • Included: None
    Features
    • None
    • Has fireplace: No
    Interior area
    • Finished area above ground: 0

    Property

    Features
    • Levels: Other
    • Exterior features: None
    Lot
    • Size: 3,136 sqft
    • Features: Back Yard, Corner Lot
    Details
    • Parcel number: 450810302007000004
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Condition
    • Fixer
    • New construction: No
    • Year built: 1917

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Sewer Available, Water Available, Natural Gas Available

    Community & neighborhood

    Location
    • Region: Gary
    • Subdivision: Broadway Add

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Other

    Price history

    DateEventPrice
    6/18/2025Sold$32,000+6.7%
    Source: NIRA as distributed by MLS GRID #820667 Report a problem
    5/23/2025Contingent$30,000
    Source: NIRA as distributed by MLS GRID #820667 Report a problem
    5/13/2025Listed for sale$30,000
    Source: NIRA as distributed by MLS GRID #820667 Report a problem
    3/26/2024Sold$30,000
    Source: @Properties sold #b169d87671d4fee1fa2eb2a14c137e3b Report a problem
    1/9/2023Sold$30,000-33.3%
    Source: NIRA as distributed by MLS GRID #517627 Report a problem
    10/31/2022Price change$45,000-18%
    Source: NIRA as distributed by MLS GRID #517627 Report a problem
    9/29/2022Price change$54,900-8.3%
    Source: NIRA as distributed by MLS GRID #517627 Report a problem
    8/6/2022Listed for sale$59,900
    Source: NIRA as distributed by MLS GRID #517627 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Midtown

    Nearby schools

    GreatSchools rating