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Sold on 03/27/2026

400 E 20th Ave, Gary, IN 46407

  • $52,500

    Last sold 03/27/2026

  • 14

    bed

  • 8

    bath

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

About 400 E 20th Ave

Property type Multi-family
Neighborhood
Year built 1930
HOA fee $0/month
Lot size 6273 Acre
Movoto estimate
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.
Listed by
Listing Agent - Chanelle McGee
Listing Agent Contact: (219) 440-0070
Listing Office - @properties/Christie's Intl RE
Source: NIRA mls logo
MLS#826470 • last updated 2 months ago
Movoto checked NIRA for data 18 minutes ago
Overview
Heating Forced Air
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Closed
MLS # 826470
Lot Size (Acres) 6273
Lot Size (SqFt) 273251880
Property Tax 3176
Year Built 1930
Property Condition Fixer
Interior
Total # of Bathrooms 8
# of Full Baths 8
# Bedrooms 14
Total # of Rooms 14
Interior Features None
Appliances None
Exterior
Exterior Features None
Lot Desc Corner Lot
Amenities / Utilities
Water Source Public
Pets Allowed No
Location
County Lake
Subdivision Gary Investment Company
Directions Continue On Broadway And Drive To East 20th Ave; Turn East On 20th Ave And Property Will Be On Your Left
APN 450810376022000000
Multifamily Details
Owner Pays Sewer, Trash Collection, Taxes
$57K
Range: $47.3K-$66.6K
Last 30 days 
  • Mar 2026
    mls logo MLS # 826470
  • Mar 27, 2026 Sold
    $52,500 (-7.9%)
  • Oct 30, 2025 Pending
    —
  • Oct 15, 2025 Price Change
    $57,000 (-5.0%)
  • Aug 22, 2025 Listed
    $60,000
  • 400 E 20th Ave
    $52.5K
  • 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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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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