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Sold on 06/20/2025
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1541 Massachusetts St, Gary, IN 46407

  • $32,000

    Last sold 06/20/2025

  • 12

    bed

  • —

    bath

Multi-family not for sale
Movoto is helping 22 homebuyers near you

About 1541 Massachusetts St

Property type Multi-family
Neighborhood
Year built 1917
HOA fee $0/month
Lot size 3,136 Sqft
Movoto estimate
Property description
Investor Special! Unlock the Potential in This Multi-Unit OpportunityCalling all savvy investors and visionaries! This building offers a rare chance to restore and reimagine a property with incredible income potential. Zoned for multi-family use, it can potentially accommodate up to 6 rental units--making it a high-yield asset once renovated.With the right updates, layout, and vision, this could be transformed into a cash-flowing investment in a market where rental demand continues to grow. Gary is continuing to redevelop with increased property values and restored homes on the rise every month with the help of the Gary Revitalization Program and other local investors. Now is your chance to acquire an investment property in this highly sought after neighborhood before it's too late!Whether you're looking to flip, hold and rent, or develop, this is your chance to bring new life to a building with solid bones and promising returns. Schedule your showing today!
Listed by
Listing Agent - Chanelle McGee
Listing Office - @properties/Christie's Intl RE
Source: NIRA mls logo
MLS#820667 • last updated 11 months ago
Movoto checked NIRA for data 13 minutes ago
Overview
Heating None
Levels/Style Other
Type Residential Income
SubType Apartment
Status Active
MLS # 820667
Lot Size (Acres) 0.072
Lot Size (SqFt) 3136.32
Property Tax 717.38
Year Built 1917
Property Condition Fixer
Interior
# of Full Baths 6
# Bedrooms 12
Interior Features None
Appliances None
Exterior
Exterior Features None
Lot Desc Back Yard, Corner Lot
Amenities / Utilities
Utilities Electricity Available, Sewer Available, Water Available, Natural Gas Available
Water Source Public
Pets Allowed Yes
Location
County Lake
Subdivision Broadway Add
Directions Head East 2 Blocks Off Of Broadway To Massachusetts. Go North On Massachusetts To The 1500 Block. Property Is On The East Side Of The Street
APN 450810302007000000
Multifamily Details
Owner Pays Sewer, Water, Trash Collection, Taxes
$31K
Range: $26K-$35.9K
Last 30 days 
  • Jun 2025
    mls logo MLS # 820667
  • Jun 20, 2025 Sold
    $32,000 (+6.7%)
  • May 23, 2025 Active
    —
  • May 13, 2025 Listed
    $30,000
  • Mar 2024
    mls logo MLS # 517627
  • Mar 26, 2024 Sold
    $30,000 (-33.3%)
  • Oct 31, 2022 Price Change
    $45,000 (-18.0%)
  • Sep 29, 2022 Price Change
    $54,900 (-8.3%)
  • Aug 6, 2022 Listed
    $59,900
  • 1541 Massachusetts St
    $32K
  • Midtown
    $39.9K -61% y/y
  • 46407
    $55K -38% y/y
  • Gary
    $125K -7% y/y
No chart available
Statistics calculated by Movoto

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2/10
Daniel Hale Williams Elementary School
public Grades K-5
Gary Community School Corp
3/10
Gary Middle School
public Grades 6-8
Gary Community School Corp
1/10
West Side Leadership Academy
public Grades 9-12
Gary Community School Corp
Source: GreatSchools.org © 2026. All rights reserved.

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