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
Active
$200,000
420 Adams St, Gary, IN 46402
6beds
--sqft
Triplex
Built in 1915
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 357 days |
- 250 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Dennis Nichols,
Weichert, Realtors-Moke Agency 219-662-3000
Source: NIRA as distributed by MLS GRID,MLS#: 824001
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- None
Appliances
- Included: None
Features
- None
- Basement: Daylight,Walk-Out Access
- Has fireplace: No
Interior area
- Finished area above ground: 2,492
Property
Parking
- Parking features: Gravel, On Street, Off Street
Features
- Levels: Two
- Patio & porch: Front Porch
Lot
- Size: 10,628 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 450804281017000004
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- Fixer
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: None
- Water: None
- Utilities for property: None
Community & HOA
Community
- Subdivision: Gary Land Companys 01
Location
- Region: Gary
Financial & listing details
- Tax assessed value: $87,300
- Annual tax amount: $2,201
- Date on market: 7/10/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,209/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2025 | Listed for sale | $200,000+589.7% |
Source: | ||
| 3/28/1999 | Sold | $29,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $635 -71.2% | $27,100 +7.1% |
| 2024 | $2,201 +6.7% | $25,300 -71% |
| 2023 | $2,062 +5.6% | $87,300 +8.4% |
| 2022 | $1,952 | $80,500 +5.6% |
| 2021 | $1,952 -6.2% | $76,200 |
| 2020 | $2,082 -17.2% | $76,200 -26.8% |
| 2019 | $2,515 +15.4% | $104,100 |
| 2018 | $2,179 +55.4% | $104,100 +6.2% |
| 2017 | $1,402 | $98,000 +46.3% |
| 2016 | $1,402 -42.5% | $67,000 -35.7% |
| 2014 | $2,439 +8.4% | $104,200 +4.1% |
| 2013 | $2,249 -2.1% | $100,100 +1.1% |
| 2012 | $2,297 -0.8% | $99,000 +2.5% |
| 2011 | $2,316 -3.6% | $96,600 +0.4% |
| 2010 | $2,404 | $96,200 +23.3% |
| 2009 | -- | $78,000 +4.7% |
| 2007 | -- | $74,500 -23.4% |
| 2006 | -- | $97,200 |
| 2005 | -- | $97,200 +425.4% |
| 2003 | -- | $18,500 |
| 2002 | -- | $18,500 +199.8% |
| 2001 | -- | $6,170 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Beveridge Elementary SchoolGrades: K-5Distance: 1.5 mi
- 3/10Gary Middle SchoolGrades: 6-8Distance: 4.9 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 3.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Lake County
- Gary
- 46402
- Downtown
- 420 Adams St




