Closed

$185,000

1981 Massachusetts St, Gary, IN 46407

7beds

--sqft

Quadruplex

Built in 1924

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,120 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,120/mo

Zestimate^® history

Owner options

List your home for rent

$1,120/mo

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$1,120/mo

Rent Zestimate^®

Refinance and save

$1,199/mo

Est. payment

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$1,199/mo

Est. payment

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What's special

Investment opportunity in Gary, IN! This brick 4-unit building is a cash-flowing gem with 3 of 4 units already rented. Professionally managed, the property features tasteful updates throughout, ensuring appeal to tenants and potential buyers alike. With excellent income potential, this property is ideal for investors looking to expand their portfolio. Bring your ideas and explore the possibilities. Don't miss this chance to secure a solid investment!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air

Appliances

Included: Other

Features

Ceiling Fan(s), See Remarks
Basement: Apartment,Storage Space,Partially Finished,Daylight

Interior area

Finished area above ground: 2,376

Property

Parking

Parking features: Off Street, On Street

Features

Levels: Two
Exterior features: Rain Gutters

Lot

Size: 3,049 sqft
Dimensions: 25 x 125
Features: Back Yard, See Remarks, Near Public Transit

Details

Parcel number: 450810352020.000004
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Condition

Updated/Remodeled
New construction: No
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Gary

Other

Other facts

Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Price history

Date	Event	Price
10/29/2024	Sold	$185,000-7.5%
Source: NIRA as distributed by MLS GRID #809554 Report a problem
9/4/2024	Listed for sale	$200,000+1500%
Source: NIRA as distributed by MLS GRID #809554 Report a problem
9/15/2000	Sold	$12,500
Source: NIRA as distributed by MLS GRID #14096 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,012 +4.6%	$164,100 +104.6%
2024	$1,924 +9.6%	$80,200 +5.1%
2023	$1,755 +8.7%	$76,300 +11.4%
2022	$1,614	$68,500 +8.7%
2021	$1,614 +27.1%	$63,000
2020	$1,270 -27.5%	$63,000 -0.8%
2019	$1,751 -37.2%	$63,500 -20.3%
2018	$2,787 +56.5%	$79,700 -1.5%
2017	$1,781	$80,900 -4.4%
2016	$1,781 -36.1%	$84,600 -29%
2014	$2,787 +5.6%	$119,100 +1.4%
2013	$2,640 -9%	$117,500 -6.1%
2012	$2,903 +6.2%	$125,100 +9.7%
2011	$2,733 -4%	$114,000 +0.1%
2010	$2,846	$113,900 +50.5%
2009	--	$75,700 +7.5%
2007	--	$70,400 +106.5%
2006	--	$34,100
2005	--	$34,100 +232%
2001	--	$10,270