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$57,000 Sale Pending
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Property Description
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.
Full Property Details
Full Property Details for 400 E 20th Ave
General
- Price: $57,000
- Taxes: $3,176 (2024)
- Status: Pending
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 826470
- Updated: 10/29/2025
- Added to Site: 147 day(s) ago
Interior
- Number of Rooms: 14
- Interior Features: None
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Bedrooms
- Total Bedrooms: 14
Exterior
- Exterior Features: None
Location
- County: Lake
- Township: Calumet
- Subdivision: Gary Investment Company
- Driving Directions: Continue on Broadway and drive to East 20th Ave; turn East on 20th Ave and property will be on your left
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Year Built: 1930
Lot Features
- Lot Size (Acres): 6,273
- Lot Size (Sq. Ft.): 273,251,880
- Lot Features: Corner Lot
Financial Considerations
- Tax Amount: $3,176
- Tax Year: 2024
- Terms: Cash, Other
Disclosures and Reports
- Legal Description: GARY INV. CO'S 1ST SUB. L.25 BL.5 ALL L.26 BL.5
- Property ID: 450810376022000004
Listed by @properties/Christie's Intl RE
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Schools
Schools serving 400 E 20th Ave
School District:Gary Community School Corporation
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 400 E 20th Ave
Date
Details
Price
Change
Source
10/15/2025
Price Reduced
$57,000
-5%
MLS
8/22/2025
Listed
$60,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 400 E 20th Ave
400 E 20th Avenue, Gary, IN 46407 (MLS# 826470) is a Multi-Family property with units containing 14 bedrooms and 8 full bathrooms. 400 E 20th Avenue is currently listed for $57,000 and was received on August 22, 2025. Want to learn more about 400 E 20th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

