Gary, IN 46407 1541 Massachusetts Street

1541 Massachusetts Street Gary, IN - Image 11541 Massachusetts Street Gary, IN - Image 2
Presented By: Chanelle McGee with @properties/Christie's Intl RE - (219) 440-0070;
  • MLS# 820667
  • 05/13/2025
  • Get pre-approved
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  • Beds • 12
  • Baths • 6

Home Details

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!
Presented By: Chanelle McGee with @properties/Christie's Intl RE - (219) 440-0070;

Interior Features for 1541 Massachusetts Street

Bedrooms

Total Bedrooms12

Other Interior Features

Above Grade Finished Area0
Fireplace Y/NNo
Interior AmenitiesNone

Other Rooms

General for 1541 Massachusetts Street

AppliancesNone
CityGary
CountyLake
DirectionsHead 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
Full Baths6
Garage Y/NNo
HeatingNone
Legal DescriptionBROADWAY ADD. L.12 BL.3
LevelsOther
Listing TermsCash, Other
Lot Size Square Feet3136.32
New ConstructionNo
OwnerPaysSewer, Water, Trash Collection, Taxes
Pets AllowedYes
Property ConditionFixer
Property SubtypeApartment
Property TypeResidential Income
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Subdivision NameBroadway Add
Tax Annual Amount717.38
Tax Year2024
TownshipCalumet
UtilitiesElectricity Available, Sewer Available, Water Available, Natural Gas Available
Year Built1917

Exterior for 1541 Massachusetts Street

Exterior AmenitiesNone
Lot FeaturesBack Yard, Corner Lot
Lot Size Acres0.072
Lot Size SourceAssessor
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Tam Huynh

Realtor
Price $30,000
MLS#820667
List Date 05/13/2025
Property Type Contingent
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