Gary, IN 46407 1400 Jefferson Street

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Presented By: Andria Pettigrew-Sprouse with B. Daniels Real Estate, LLC - (219) 730-5692;
  • MLS# 819745
  • 04/26/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • SQFT • 89,550

Home Details

MADISON AVENUE TOWNHOMES ARE ONE OF THE MOST DESIRABLE RENTAL PROPERTIES IN THE CITY!! Exquisitely maintained -80 Unit complex, featuring 3Bd 1&1/2 BA , open concept floor plan ,living room/ dinning room and plenty of closet space. 3.2 Million recently spent on renovations, each tenant has individual heating and central -air units!! (tenants are responsible for all utilities). Appliances included are refrigerator,stove, dishwasher and garbage disposal. These adorable townhouses have plenty of onsite parking , exterior security lighting, and gated perimeter. Each unit provides front and back yards, the playground area and park benches accomodate tenants outdoor activities. There are a few ADA units with sprinkler systems. All units have smoke detectors, CO detectors, and fire extinguishers as required. Residents take pride in maintaining a clean and peaceful environment. The location is perfect , minutes from major interstate highways, Miller Beach, a major University, mini shopping plazas and the New Hard Rock Casino. Be part of the redevelopment blooming in the city with ownership of this long term profitable income investment property. Units are in excellent condition, with ONE HUNDRED PERCENT OCCUPANCY and a waiting list. This is one investment opportunity you don't want to miss out on!!
Presented By: Andria Pettigrew-Sprouse with B. Daniels Real Estate, LLC - (219) 730-5692;

Interior Features for 1400 Jefferson Street

Other Interior Features

Interior AmenitiesCeiling Fan(s), Open Floorplan
Laundry FeaturesElectric Dryer Hookup, Washer Hookup, Main Level

General for 1400 Jefferson Street

AccessibilityAccessible Bedroom, Accessible Full Bath, Accessible Doors
AppliancesDishwasher, Refrigerator, Electric Range, Disposal
Building FeaturesCourtyard, Multi Tenant, Exterior Lighting
CityGary
CountyLake
DirectionsNorth on Broadway to 15th Avenue, turn west on 15th Avenue to Madison St. left to Jefferson.
Electric100 Amp Service, Circuit Breakers, 200+ Amp Service
Gross Income700824
HeatingForced Air, Hot Water
High School DistrictGary
Legal DescriptionC.T.L. & I. CO'S 3RD BLOCK 4 LOTS 1 TO 26, BLOCK 5 LOTS 1 TO 26, BLOCK 18 LOTS 25 & 26 & BLOCK 20 LOTS 1 TO 26
Listing TermsCash, Conventional
Lot Size Square Feet310147
Net Operating Income700824
OwnerPaysCommon Area Maintenance, Trash Collection, Taxes, Roof Maintenance, Repairs, Management, Insurance, HVAC Maintenance, Grounds Care, Exterior Maintenance
Property TypeCommercial Sale
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s), Security Lights, Fire Hydrant On Site
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameChicago Tolleston Land & Inves
Tax Annual Amount115288
Tax Year2023
Total Actual Rent711456
TownshipCalumet
UtilitiesCable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
ViewCity, Neighborhood
Waterfront Y/NNo
Year Built1997
Zoning DescriptionMixed Use

Exterior for 1400 Jefferson Street

Exterior AmenitiesLighting, Private Yard
Lot FeaturesBack Yard, Paved, Near Public Transit, Landscaped, Front Yard, Few Trees, Corner Lot
Lot Size Acres7.12
Lot Size SourceAssessor
Parking FeaturesPaved
Total Parking150
Water SourcePublic

Additional Details

Price History

Joanie Sulivan

Price $6,999,900
MLS#819745
List Date 04/26/2025
Property Type Commercial
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