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  • $52,500

    400 E 20th Ave, Gary, IN 46407

    14beds
    --sqft
    Quadruplex
    Built in 1930
    -- sqft lot
    $53,200 Zestimate®
    $--/sqft
    $1,237 Estimated rent

    Home value

    $53,200

    $49,000 - $57,000

    $1,237/mo

    Zestimate® history
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    $1,237/mo

    Rent Zestimate®

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    $265/mo

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    What's special

    Residential units
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Chanelle McGee,

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

    Bought with:

    Non-Member Agent

    Non-Member MLS Office

    Source: NIRA as distributed by MLS GRID,MLS#: 826470MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Forced Air
    Appliances
    • Included: None
    Features
    • None
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Finished area above ground: 6,273

    Property

    Features
    • Levels: Two
    • Exterior features: None
    Lot
    • Size: 6,273 Acres
    • Features: Corner Lot
    Details
    • Parcel number: 450810376022000004
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • Fixer
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Gary Investment Company
    Location
    • Region: Gary

    Financial & listing details

    • Tax assessed value: $114,100
    • Annual tax amount: $3,176
    • Date on market: 8/22/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Other

    Price history

    DateEventPrice
    3/27/2026Sold$52,500-7.9%
    Source: NIRA as distributed by MLS GRID #826470 Report a problem
    10/30/2025Pending sale$57,000
    Source: NIRA as distributed by MLS GRID #826470 Report a problem
    10/15/2025Price change$57,000-5%
    Source: NIRA as distributed by MLS GRID #826470 Report a problem
    8/22/2025Listed for sale$60,000+809.1%
    Source: NIRA as distributed by MLS GRID #826470 Report a problem
    4/12/2024Sold$6,600
    Source: Public Record Report a problem
    12/5/2023Sold$6,600
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,577 -2.1%$114,100 +17%
    2024$2,633 -4.8%$97,500 -1.6%
    2023$2,766 +5.8%$99,100 -3.3%
    2022$2,614 $102,500 +6.1%
    2021$2,614 +26.2%$96,600
    2020$2,071 -91.9%$96,600
    2019$25,662 +27.5%$96,600 -2.6%
    2018$20,133 +469.5%$99,200 -0.1%
    2017$3,535 $99,300 -3.8%
    2016$3,535 -6.6%$103,200 -18.7%
    2014$3,783 +24.7%$127,000 +28.8%
    2012$3,033 $98,600
    Find assessor info on the county website

    Neighborhood: Midtown

    Nearby schools

    GreatSchools rating
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