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$200,000
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Property Description
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
Full Property Details
Full Property Details for 420 Adams St
General
- Price: $200,000
- Taxes: $2,201 (2023)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 824001
- Updated: 8/15/2025
- Added to Site: 192 day(s) ago
Interior
- Interior Features: None
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: Balcony
Parking
- Parking Features: Gravel, On Street, Off Street
Location
- County: Lake
- Township: Calumet
- Subdivision: Gary Land Companys 01
- Driving Directions: 4th Ave to Adams - Southproperty located on west side of Adams.
Heating & Cooling
- Heating Type: None
Structural Information
- Year Built: 1915
Lot Features
- Lot Size (Acres): 0.244
- Lot Size (Sq. Ft.): 10,629
- Lot Features: Rectangular Lot
Financial Considerations
- Tax Amount: $2,201
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: GARY LAND CO'S 1ST SUB. BL.103 LOTS 18, 19 & 20
- Property ID: 450804281017000004
Listed by Weichert, Realtors-Moke Agency
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Schools
Schools serving 420 Adams St
School District:Gary Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Beveridge Elementary School 1234 Cleveland Street, Gary, IN 46404 | K-5 | 1.5 mi |
Mary M Bethune Early Child Development Center 2367 East 21st Avenue, Gary, IN 46407 | PK- | 2.4 mi |
Gary Middle School 301 Parke Street, Gary, IN 46403 | 6-8 | 4.9 mi |
West Side Leadership Academy 9th & Gerry St, Gary, IN 46406 | 9-12 | 3.6 mi |
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 420 Adams St
Date
Details
Price
Change
Source
7/10/2025
Listed
$200,000
280.95%
MLS
2/27/2004
Sold
$52,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 420 Adams St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,261
-71%
$25,300
-71%
2023
$7,697
273%
$87,300
8%
2022
$2,062
-69%
$80,500
6%
2020
$6,714
213%
$76,200
—
2019
$2,142
—
$76,200
-27%
2019
$2,142
-6%
$104,100
—
2018
$2,282
5%
$104,100
6%
2017
$2,179
—
$98,000
46%
2017
$2,179
46%
$67,000
1%
2016
$1,488
6%
$66,500
-36%
2015
$1,402
-76%
$104,200
4%
2013
$5,908
-2%
$100,100
1%
2012
$6,012
—
$99,000
—
Disclaimer: Historical tax 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 420 Adams St
420 Adams Street, Gary, IN 46402 (MLS# 824001) is a Multi-Family property with units containing 6 bedrooms and 3 full bathrooms. 420 Adams Street is currently listed for $200,000 and was received on July 10, 2025. Want to learn more about 420 Adams Street? 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.

